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4 mins read
Status-quo on interest rate likely, say experts ahead of RBI's policy review
The Reserve Bank of India is expected to maintain the current repo rate at 6.5% in its upcoming pol…
PTI
2 mins read
What has changed for your credit cards, starting today?
Starting today, RBIs new rules mandate that all credit card transactions in the country be processe…
4 mins read
Dell employees used the company's signature corporate survey to tell bosses how they feel after its RTO push
Internal results from the tech company's annual "Tell Dell" survey show a double-digit drop in the …
Polly Thompson
4 mins read
RBI likely to keep interest rate unchanged at 6.5%, say experts
Reserve Bank of India (RBI) is likely to keep the key interest unchanged at 6.5% on Thursday, and w…
PTI
2 mins read
US Fed says it failed to take forceful action on Silicon Valley Bank
The US Federal Reserve said that it failed to act with "sufficient force and urgency" in its oversi…
2 mins read
Signature Bank shut down by regulators
The crypto-friendly Signature Bank was closed on Sunday afternoon in an attempt to control a burgeo…
Katherine Tangalakis-Lippert
1 min read
$68 billion withdrawn from Credit Suisse before collapse
Collapsed banking giant Credit Suisse says 61.2 billion Swiss francs ($68.6 billion) left the bank …
2 mins read
New York's Signature Bank collapses, becomes 2nd US bank to be shut down
New York-based Signature Bank was closed by the state regulators, becoming the second US bank after…
ANI
2 mins read
Silicon Valley Bank's new CEO urges depositors to bring back their money
Tim Mayopoulos, new CEO of collapsed Silicon Valley Bank (SVB), has urged depositors to return with…
2 mins read
Global banking shares slump as fallout spreads
Global financial markets have come under severe pressure after the collapse of Silicon Valley Bank,…
2 mins read
Sensex snaps 5-day losing streak on value-buying; Nifty closes near 17,000 level
Halting its five-day losing streak, the 30-share BSE benchmark rose 78.94 points or 0.14 per c…
PTI
2 mins read
Over $70 bn wiped off global crypto market, Bitcoin drops below $20,000
The collapse of three banks in the US, including the giant Silicon Valley Bank (SVB), within a week…
2 mins read
Savings of depositors safe, assures US government after two banks collapse
Silicon Valley Bank collapsed on Friday, while New York-based Signature Bank was closed by the stat…
ANI
2 mins read
Massive selloff in domestic equities amid US bank failures: Sensex closes below 59,000, Nifty tests 17,000
Falling for the third straight session, equity benchmark Sensex tanked nearly 900 points to close b…
PTI
1 min read
Cathie Wood blames the Fed for driving SVB and Signature Bank to collapse
In a series of tweets, the famed money manager described the Fed as the "primary culprit" for the s…
Morgan Chittum
2 mins read
The rescue of SVB and Signature Bank depositors leaves the incentive for bank runs, Wharton finance professor says
"The contagion risk is that there is a run on other banks that are financed by a large fraction of …
Phil Rosen
3 mins read
Samsung announces co-branded credit card in partnership with Axis Bank and Visa
Samsung has announced the launch of its co-branded credit cards in partnership with Axis Bank. The …
2 mins read
Signature Bank in New York went under on Sunday. Other lenders also named Signature Bank are scrambling to let customers know they're still open for business.
Lenders going by the name of Signature Bank in other US states say they are not associated with the…
Huileng Tan
3 mins read
US banks have well over $1 trillion of uninsured deposits. Signature Bank was among the most exposed.
The US government shut another financial institution on Sunday. This time it was Signature Bank, wh…
Alistair Barr
1 min read
Signature Bank stock plunged to a few pennies and then soared 288% after trading in the failed bank's stock reopened
Trading in the stock reopened at $0.41, and it later crashed to as low as $0.09, representing a 99.…