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3 mins read
All eyes on China: Rush of foreign investors can do little to stave off a slowdown, says World Bank
China's last public holiday of the year, the Golden Week, which ended on October 7 and commemorat…
1 min read
First Citizens Bank reaches deal to purchase deposits, loans of Silicon Valley Bank
"Customers of Silicon Valley Bridge Bank, National Association, should continue to use their curren…
1 min read
First Citizens buys Silicon Valley Bank
The deal includes the purchase of about $72 billion of Silicon Valley Bridget Bank assets at a disc…
Huileng Tan
2 mins read
UPI transactions cross Rs 20 trillion for third successive month, in July 2024
Payments through the Unified Payments Interface (UPI) reported a 45% growth, as per the data made a…
ANI
1 min read
First Citizens Bank jumps 50% after deal to acquire assets of collapsed Silicon Valley Bank
Shares of the Raleigh, North Carolina-based bank hit an intraday high of over $880, its highest lev…
Morgan Chittum
2 mins read
US stocks trade mixed as bank fears ebb with sale of SVB assets to First Citizens
Bank jitters eased Monday as First Citiizens announced a deal to acquire assets from SVB. A Senate …
Jennifer Sor
4 mins read
First Citizens just bought Silicon Valley Bank – here's everything you need to know about the latest twist in the banking turmoil
First Citizens Bank agreed to buy SVB on Sunday, taking over 17 branches, $119 billion in deposits,…
George Glover
2 mins read
First Citizens Bank, the buyer of SVB's assets, is run by a billionaire North Carolina family that's bought over 20 failed banks since 2008
The Holding Family seized an opportunity to expand its First Citizens' banking empire through the s…
Carla Mozée
1 min read
The family behind First Citizens Bank has seen its wealth double to $2.2 billion after buying SVB's assets out of bankruptcy
CEO Frank Holding and his relatives have seen their combined stake in First Citizens Bank surge in …
Zahra Tayeb
4 mins read
Mis-selling trap – Why ULIPs are not for senior citizens
Haldar’s investment was hit during the 2020 market crash and he lost a big part of his savings. Plu…
4 mins read
Ukraine's IT army is a 'world first' in cyberwarfare but it's a major gamble for the government, experts say
Ukraine's IT army says it has launched thousands of attacks on Russian organizations since Russia l…
Cameron Manley
2 mins read
As BoI becomes first bank to launch Mahila Samman Savings Certificate, here's what you need to about it
Bank of India, one of the largest public sector banks in India, has launched the Mahila Samman Savi…
7 mins read
The Jewish settlers 'living the American dream' in the West Bank
US-born settlers are "overrepresented" in the occupied West Bank, which has seen a surge of violenc…
Rebecca Rommen
8 mins read
ULIPs are not for senior citizens: Here’s how to choose the right investments to secure the golden years of your life
Investments for senior citizens should prioritize capital protection, regular income, liquidity, an…
2 mins read
US set to sanction an entire IDF battalion with a history of alleged human rights abuses on the West Bank, report says
The US could sanction an entire IDF unit for the first time following allegations of the Netzah Yeh…
Rebecca Rommen
1 min read
Dow jumps 400 points to end tumultuous first quarter as markets move on from bank crisis
The S&P 500 and Nasdaq Composite saw a winning quarter, gaining 6% and 17%, respectively, since the…
Jennifer Sor
2 mins read
2 California banks are merging into a new $36 billion bank. It's the latest in a string of consolidations after a crisis rocked the US banking world in March.
PacWest shares surged 31.3% while Banc of California shares jumped 8.4% in after-hours trade after …
Huileng Tan
2 mins read
First Republic stock jumps 18% to lead regional bank shares higher after SVB finds a buyer
First Republic Bank led a pack of US regional bank stocks, which rose on news that failed Silicon V…