Silicon Valley Bank

Treasury Secretary Janet Yellen on Monday (local time) reaffirmed that the US could default on its obligations in early June if Congress doesn't act, reported CNN. "With additional information now available, I am writing to note that we…

Last Updated: May 13, 2023, 02:19 ISTThe broad-based S&P 500 shed 0.2 percent to 4,124.08, while the tech-rich Nasdaq Composite Index declined 0.4 percent to 12,284.74.The White House said Thursday that negotiations between President…

Digital stablecoin tether is winning the race for the title of the crypto world's "least risky" asset.As a regional US banking crisis widens and a regulatory crackdown on crypto firms deepens, investments within the cryptosphere are moving…

OMAHA/NEW YORK: Warren Buffetton Saturday criticized the handling of recent tumult in the banking sector and said a debt ceiling showdown could bring "turmoil" to the financial system, even as he offered a vote of confidence in the United…

The Silicon Valley Bank crisis showed how the perils of fractional banking can be compounded by social media. Barring extreme situations such as queues of customers outside bank branches, it was difficult for negative information to spread…

The ultra-low-cost airline, Go First, filed for voluntary insolvency and cancelled its flights till May 12 while JP Morgan Chase Bank came to the rescue of First Republic, another embattled US financial firm to fail after Silicon Valley…

NEW YORK: Investment tycoon Warren Buffett said Saturday (May 6) that messaging from the US government over the regional banking crisis had been "poor", suggesting that is why confidence has not returned among consumers. Four regional…

NEW YORK: US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldmandisclosed in a securities filing Thursday.Goldman is "cooperating with…

Shares of PacWest Bancorp and Western Alliance Bancorp shares plunged on Thursday, dragging other regional lenders down, as reports of both banks exploring strategic options sparked investor worries of a widening financial crisis. PacWest's…

HSBC gained $1.5bn boost (₹1226.16 Crore) from the purchase of the UK business of collapsed Silicon Valley Bank (SVB UK), the London-headquartered banking giant, Europe's biggest, said on Tuesday.HSBC Bank posted a pre-tax profit of $12.9bn…