Silicon Valley Bank Collapses
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Goldman Sachs Being Probed Over Silicon Valley Bank Collapse
US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldman disclosed in a securities filing Thursday.
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US Fed Reserve Admits To Own Failure In Identifying Startup Bank Troubles
The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.
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"Addiction Forced Into System": Raghuram Rajan Expects More Bank Troubles
Raghuram Rajan, the former IMF chief economist who predicted the global financial crisis more than a decade ago - warned that the banking system is headed for more turmoil after the rescues of Silicon Valley Bank and Credit Suisse.
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"Textbook Case Of Mismanagement": Top Official On Silicon Valley Bank
The collapse of Silicon Valley Bank (SVB) was a "textbook case of mismanagement" which requires tougher banking regulation, according to prepared remarks by a top Federal Reserve official.
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"Think Of India": Union Minister To Global Startups Amid Banking Crisis
Not a single startup was adversely effected by the "minor crisis", the Union Minister Ashwini Vaishnaw said describing Indian banking sector as resilient and with healthy balancesheet.
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Silicon Valley Bank to Be Acquired by First Citizens After Biggest US Bank Collapse Since 2008
Silicon Valley Bank, the US bank that collapsed earlier this month, will be acquired by First Citizens, the latter announced on Monday. The loans and deposits from Silicon Valley Bank will be acquired by First Citizens, and 17 former branches of SVB will open on Monday as "Silicon Valley Bank, a division of First Citizens Bank."
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US Firm Acquires Silicon Valley Bank After It Went Bankrupt
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.
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Deutsche Bank Shares Tumble: Is This A Cause For Concern?
Days after the collapse of Silicon Valley Bank, another financial titan is showing signs that all is not well. Deutsche Bank, one of the financial world's most prominent players, witnessed a sharp and steady fall in its shares.
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186 US Banks At Risk Of Silicon Valley Bank-Like Collapse: Study
After the collapse of the Silicon Valley Bank, a new study has found that 186 US banks are at the risk of facing a similar fate. The major reasons for this are rising interest rates and high proportion of uninsured deposits, said the report.
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11 Days Of Turmoil That Brought Down 4 Banks, Left A Fifth Teetering
The speed with which four banks collapsed - and one continues to struggle - has left investors reeling. While the failures came in the span of just 11 days, the scenarios that brought them down were each unique.
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Actor Sharon Stone Claims She Lost Half Her Money In Recent Banking Crisis
Actor Sharon Stone recently revealed that she was financially affected because of the recent banking crisis in the United States.
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TCS, Infosys Have Highest Exposure to US Regional Banks, Says JP Morgan After SVB Collapse
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at JP Morgan said on Friday.
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US's Largest Banks Pledge $30 Billion To Avoid Another SVB-Like Collapse
A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.
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USDC Investors Pulled $3 Billion From Stablecoin in Three Days, Circle Says
USDC investors rushing to redeem their holdings in the wake of the collapse of Silicon Valley Bank resulted in $3 billion (roughly Rs. 24,840 crore) being pulled from the stablecoin, according to Circle. Users will soon be able to automatically redeem USDC through a new banking relationship with Cross River Bank, and Circle says it will continue ef...
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India’s SVC Bank Clarifies Its Business is Safe as Some Confuse it With Collapsed SVB
The SVC bank, headquartered in Mumbai, has clarified that it has no relation with US’ Silicon Valley Bank (SVB) that shuttered this week. The similarity in the acronyms of their names have seemingly left some people in India confused.
-
Goldman Sachs Being Probed Over Silicon Valley Bank Collapse
US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldman disclosed in a securities filing Thursday.
-
US Fed Reserve Admits To Own Failure In Identifying Startup Bank Troubles
The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.
-
"Addiction Forced Into System": Raghuram Rajan Expects More Bank Troubles
Raghuram Rajan, the former IMF chief economist who predicted the global financial crisis more than a decade ago - warned that the banking system is headed for more turmoil after the rescues of Silicon Valley Bank and Credit Suisse.
-
"Textbook Case Of Mismanagement": Top Official On Silicon Valley Bank
The collapse of Silicon Valley Bank (SVB) was a "textbook case of mismanagement" which requires tougher banking regulation, according to prepared remarks by a top Federal Reserve official.
-
"Think Of India": Union Minister To Global Startups Amid Banking Crisis
Not a single startup was adversely effected by the "minor crisis", the Union Minister Ashwini Vaishnaw said describing Indian banking sector as resilient and with healthy balancesheet.
-
Silicon Valley Bank to Be Acquired by First Citizens After Biggest US Bank Collapse Since 2008
Silicon Valley Bank, the US bank that collapsed earlier this month, will be acquired by First Citizens, the latter announced on Monday. The loans and deposits from Silicon Valley Bank will be acquired by First Citizens, and 17 former branches of SVB will open on Monday as "Silicon Valley Bank, a division of First Citizens Bank."
-
US Firm Acquires Silicon Valley Bank After It Went Bankrupt
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.
-
Deutsche Bank Shares Tumble: Is This A Cause For Concern?
Days after the collapse of Silicon Valley Bank, another financial titan is showing signs that all is not well. Deutsche Bank, one of the financial world's most prominent players, witnessed a sharp and steady fall in its shares.
-
186 US Banks At Risk Of Silicon Valley Bank-Like Collapse: Study
After the collapse of the Silicon Valley Bank, a new study has found that 186 US banks are at the risk of facing a similar fate. The major reasons for this are rising interest rates and high proportion of uninsured deposits, said the report.
-
11 Days Of Turmoil That Brought Down 4 Banks, Left A Fifth Teetering
The speed with which four banks collapsed - and one continues to struggle - has left investors reeling. While the failures came in the span of just 11 days, the scenarios that brought them down were each unique.
-
Actor Sharon Stone Claims She Lost Half Her Money In Recent Banking Crisis
Actor Sharon Stone recently revealed that she was financially affected because of the recent banking crisis in the United States.
-
TCS, Infosys Have Highest Exposure to US Regional Banks, Says JP Morgan After SVB Collapse
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at JP Morgan said on Friday.
-
US's Largest Banks Pledge $30 Billion To Avoid Another SVB-Like Collapse
A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.
-
USDC Investors Pulled $3 Billion From Stablecoin in Three Days, Circle Says
USDC investors rushing to redeem their holdings in the wake of the collapse of Silicon Valley Bank resulted in $3 billion (roughly Rs. 24,840 crore) being pulled from the stablecoin, according to Circle. Users will soon be able to automatically redeem USDC through a new banking relationship with Cross River Bank, and Circle says it will continue ef...
-
India’s SVC Bank Clarifies Its Business is Safe as Some Confuse it With Collapsed SVB
The SVC bank, headquartered in Mumbai, has clarified that it has no relation with US’ Silicon Valley Bank (SVB) that shuttered this week. The similarity in the acronyms of their names have seemingly left some people in India confused.
