Depositors

Silicon Valley Bank is the 16th biggest lender in the US and was the go-to bank for several startups across the world. (Photo: Reuters)In the letter to clients, Mayopoulos said that the bank will provide more information as soon as it is…

The US government has assured depositors that they will be able to access all of their money quickly following the historic failure of Silicon Valley Bank.Regulators had worked all weekend to try to find a buyer for the…

After the failure of two regional US banks, Silicon Valley Bank and Signature Bank, most Asian markets fell on Monday, even as officials vowed to protect the US economy by strengthening public confidence in the country’s banking system.…

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State regulators closed New York-based Signature Bank on Sunday (Mar 12), days after California authorities shuttered Silicon Valley Bank, in a collapse that roiled global markets and left billions of dollars of uninsured deposits belonging…

A California regulator shut Silicon Valley Bank on Friday and appointed the Federal Deposit Insurance Corporation as receiver, according to the agency's statement.Silicon Valley Bank had about $209 billion in total assets and about $175.4…

Last Updated: February 14, 2023, 11:20 ISTThe insurance coverage for deposits has been extended by the government by five times, to Rs 5 lakh, in 2020. These small finance banks have started to offer high-interest rates of 9% and above…

Last Updated: January 23, 2023, 12:20 ISTThe non-banking financing corporation (NBFC) updated a 44-month special tenor FD program with a rate of 8.1% for older residents.A 12–14-month cumulative fixed-term investment (FD) for elderly adults…

Interest rates on the small savings schemes are going to be revised by the end of this week. One such scheme is Kisan Vikas Patra (KVP), which was launched in the year 1988 by India Post. The instrument is backed by the government. The KVP…

The Reserve Bank of India on Thursday cancelled the licence of Maharashtra-based Laxmi Co-operative bank, saying that the lender does not have adequate capital and earning prospects. While cancelling the licence, the RBI also announced that…