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3 mins read
Indian banks pass Jefferies’ Silicon Valley Bank test, brokerage finds them ‘well placed’
Indian banks in both the public and private sectors have passed global brokerage Jefferies’ SVB tes…
2 mins read
Even with global turmoil in financial markets, macro factors turning better for India: Uday Kotak
Kotak Mahindra Bank CEO Uday Kotak said on Thursday said that with macro factors turning positive, …
PTI
2 mins read
SVB resolution reassuring, will bring relief to startups: IT minister Ashwini Vaishnaw
Amid the US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT mi…
PTI
3 mins read
Startups hoping for quick resolution of SVB crisis post FDIC intervention
"FDIC's communication yesterday saying all depositors will get access to their funds is a relief to…
PTI
1 min read
Billionaire hedge fund manager investor Bill Ackman warns more banks will collapse
Billionaire hedge fund manager Bill Ackman says more banks will probably fail even if U.S. authorit…
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…
4 mins read
SVB solution ensures taxpayer dollars are not put at risk: President Biden
The US President, Joe Biden, assures the American people and businesses that a resolution of the co…
PTI
1 min read
HSBC acquires UK arm of Silicon Valley Bank for £1
HSBC says that the transaction "completes immediately" and will be funded from existing resources. …
3 mins read
Bond-market crash leaves big banks with $650 billion of unrealized losses as the ghost of SVB continues to haunt Wall Street
Even big lenders are feeling the heat from the Treasury-market rout after racking up hundreds of bi…
George Glover
4 mins read
SVB Bank failure serves as a wake-up call for Indian startups
The French say "Plus ça change, plus c'est la même chose" - which means that the more things change…
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
US bank SVB taken over is largest failure since 2008
US regulators have shut down Silicon Valley Bank (SVB) and taken control of its customer deposits i…
4 mins read
Everyone's freaking out about SVB because everyone else is freaking out about SVB
Silicon Valley Bank had a very bad Thursday, but its own clients arguably made it way worse for the…
Dan DeFrancesco
3 mins read
Picking up the pieces in the wake of SVB's collapse
We're more than a week removed from the fall of Silicon Valley Bank. Here's where things stand for …
Dan DeFrancesco
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…
2 mins read
MoS IT to take up SVB linked startups woes with FinMin; pitches for Indian banks
The IT ministry will take up woes of Indian startups impacted by the Silicon Valley Bank collapse w…
PTI
1 min read
Y Combinator lays off 20% staff, scales back on late-stage investments
US-based technology startup accelerator Y Combinator is laying off 17 employees -- or 20 per cent o…
4 mins read
The ‘Godot’ recession could be pushed back further, SVB crisis could force US Fed to pause rate hikes
The Silicon Valley Bank (SVB) crisis coupled with robust economic performance around the world desp…
3 mins read
Silicon Valley Bank depositors will have access to their money starting Monday: US Treasury Secretary
In a step aimed at protecting the US economy by strengthening public confidence in the country's ba…
PTI
5 mins read
Sensex, Nifty50 tumble amid a sharp rise in volatility: Bank, auto stocks drag markets down
India’s benchmark indices Sensex and Nifty50 are likely to open on a tepid note on Monday amid conc…