Topic

Silicon Valley Bank

HSBC to hire almost 50 bankers for startup, venture lending in US

Published 22 Mar, 2024 04:57am

NEW YORK: HSBC is planning to recruit about 50 more bankers in its US commercial bank to lend to startup companies,...

Moody’s downgrades 10 US banks, warns of possible cuts to others

Published 08 Aug, 2023 09:53am

Ratings agency Moody’s downgraded the credit ratings of several US banks on Monday and warned it was reviewing the...

BIS warns world economy at critical juncture in inflation fight

Published 25 Jun, 2023 05:50pm

LONDON: The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for...

HSBC eyes leading role in banking for VCs, startups after hiring wave

Published 19 Jun, 2023 06:54am

NEW YORK: HSBC Holding plc is seeking to become a leading bank for venture capital firms and startups globally after...

Fed’s Waller: Not clear bank failures had a material effect on credit tightening

Published 16 Jun, 2023 05:09pm

WASHINGTON: Changes in credit conditions since the failure of Silicon Valley Bank in early March are “in line” with...

Meta’s Zuckerberg shakes off Apple Vision Pro: report

Published 09 Jun, 2023 11:13am

SAN FRANCISCO: Meta chief Mark Zuckerberg on Thursday told employees that while Apple’s mixed reality gear may be...

HSBC to rename British arm of Silicon Valley Bank next month

Published 05 Jun, 2023 03:27am

BENGALURU: HSBC is set to announce next month that the UK arm of Silicon Valley Bank will be renamed HSBC Innovation...

Buffett faults US government handling of banking crisis

Published 07 May, 2023 02:30pm

NEW YORK: Investment tycoon Warren Buffett said Saturday that messaging from the US government over the regional...

Death rattle of a global order?

Published 06 May, 2023 06:23am

EDITORIAL: The market has clearly rejected the rhetoric that problems at SVB (Silicon Valley Bank), Signature Bank...

EU sees urgency in bolstering bank resilience after turmoil

Published 02 May, 2023 05:59am

STOCKHOLM: Recent turmoil in the banking sector barely affected European Union lenders but there remains an urgent...

JPMorgan to buy First Republic after regulators seize control

Published 01 May, 2023 05:25pm

SAN FRANCISCO: US financial authorities seized California’s troubled First Republic Bank on Monday and sold it to...

FDIC auction: PNC, JPM putting in final bids for First Republic

Published 01 May, 2023 03:28am

NEW YORK: PNC Financial Services Group and JPMorgan Chase & Co were among banks set to submit final bids for...

Fed calls for tougher bank rules after SVB collapse

Published 29 Apr, 2023 06:04am

WASHINGTON: The US Federal Reserve called for greater banking oversight while admitting to its own failures in a...

US Fed admits to failings in Silicon Valley Bank oversight

Published 28 Apr, 2023 08:47pm

WASHINGTON: The US Federal Reserve called for greater banking oversight while admitting to its own failures in a...

World’s biggest bond markets left picking up the pieces after March mayhem

Published 28 Apr, 2023 11:48am

AMSTERDAM/NEW YORK: In mid-March, as prices for US Treasury bonds swung wildly following the collapse of Silicon...

Central banks signal end of bank turmoil

Updated 26 Apr, 2023 08:50am

FRANKFURT/LONDON/TOKYO: The world’s top central banks are cutting the frequency of their dollar liquidity operations...

First Republic Bank deposits tumble more than $100bn as it explores options

Published 26 Apr, 2023 06:15am

NEW YORK: First Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged...

India says risks weigh on FY24 growth forecast, but macros stable

Published 25 Apr, 2023 12:08pm

NEW DELHI: There are risks to India achieving its real growth forecast of 6.5% for the financial year that started...

First Republic Bank deposits tumble more than $100bn as it explores options

Published 25 Apr, 2023 11:54am

First Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged by more...

Credit Suisse saw $68 billion in first-quarter outflows as it crumbled

Updated 24 Apr, 2023 11:28am

ZURICH: Credit Suisse said on Monday it had 61 billion Swiss francs ($68 billion) in net asset outflows in the first...

Fed may reverse rules that masked losses on SVB’s securities

Published 22 Apr, 2023 03:38am

NEW YORK: US Federal Reserve is considering ending an exemption that has allowed certain midsize banks to conceal...

US Fed may reverse rules that masked losses on SVB’s securities: WSJ

Published 21 Apr, 2023 08:58pm

US Federal Reserve is considering ending an exemption that has allowed certain midsize banks to conceal losses on...

US lending slowed last month on banking concerns: Fed

Published 20 Apr, 2023 12:19am

WASHINGTON: Lending declined in many parts of the United States over recent weeks, the Federal Reserve announced...

BNY Mellon beats profit estimates as higher rates boost interest income

Published 18 Apr, 2023 04:25pm

Bank of New York Mellon Corp beat first-quarter profit estimates on Tuesday, benefiting from the Federal Reserve’s...

Dollar gains on Fed rate hike bets

Published 11 Apr, 2023 03:44am

NEW YORK: The dollar gained after a solid jobs report for March on Friday added to expectations that the Federal...

Small US banks use enlarged deposit guarantee to compete with giants

Published 09 Apr, 2023 10:36am

NEW YORK: In the wake of the latest US banking meltdown, small lenders might appear vulnerable to an exodus of...

IMF chief calls on central banks to continue inflation fight

Published 07 Apr, 2023 12:18am

WASHINGTON: Central banks around the world should keep battling inflation by hiking interest rates despite ongoing...

Germans shun foreign deposits on fears of new crisis

Published 03 Apr, 2023 07:32am

FRANKFURT: German savers are turning their backs on foreign banks despite juicier deposit rates for fear of getting...

SDR allocation, monetary tightening, inflation, and banking crisis

Published 31 Mar, 2023 06:45am

While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs)...

Fed official tells Congress many to blame for Silicon Valley Bank failure

Published 31 Mar, 2023 06:45am

WASHINGTON: The scope of blame for Silicon Valley Bank’s failure stretches across bank executives, Federal Reserve...

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KSE30
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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 3	159.93
USD to Swiss Franc / Jun 3	0.79
Pound Sterling to USD / Jun 3	1.34
Euro to USD / Jun 3	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
India Sensex / Jun 3	74,346.17
Tokyo Nikkei / Jun 3	68,402.13
Nasdaq / Jun 3	26,853.97
Hang Seng / Jun 3	25,633.21
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42

Item	Value
Crude Oil USD/Barrel / Jun 3	95.34
Gold 10 Grams PKR / Jun 3	401,030
Gold Spot USD/Ounce / Jun 3	4,452.30
Cotton US¢/pound / Jun 3	80.51
Petrol/Litre / Jun 4	381.78
Diesel/Litre / Jun 4	380.78

Gainers
Losers
Leaders

Stock	Price
Wasl Mobility Mod. / Jun 3 Wasl Mobility Modaraba(WASL)	5.91 ▲ 1 (20.37%)
Gulshan Sp. / Jun 3 Gulshan Spinning Mills Limited(GSPM)	6.18 ▲ 1 (19.31%)
First AL-Noor Mod. / Jun 3 First Al-Noor Modaraba(FANM)	6.88 ▲ 1 (17.01%)
Chenab Ltd (Pref) / Jun 3 Chenab Limited (Pref)(CLCPS)	3.85 ▲ 0.44 (12.9%)
Chenab Ltd / Jun 3 Chenab Limited(CHBL)	9.61 ▲ 0.91 (10.46%)
Askari Life Assur. / Jun 3 Askari Life Assurance Company Limited(ALAC)	19.24 ▲ 1.75 (10.01%)
Dawood Equities / Jun 3 Dawood Equities Limited(DEL)	20.56 ▲ 1.87 (10.01%)
Grays Leasing / Jun 3 Grays Leasing Limited(GRYL)	20.89 ▲ 1.9 (10.01%)
Shahzad Tex. / Jun 3 Shahzad Textile Mills Limited(SZTM)	68.38 ▲ 6.22 (10.01%)
Ideal Spinning / Jun 3 Ideal Spinning Mills Limited(IDSM)	72.48 ▲ 6.59 (10%)

Stock	Price
Khairpur Sug. / Jun 3 Khairpur Sugar Mills Limited(KPUS)	2,164.61 ▼ -240.51 (-10%)
Diamond Ind. / Jun 3 Diamond Industries Limited(DIIL)	71.48 ▼ -7.9 (-9.95%)
Tri-Star Mutual / Jun 3 Tri-Star Mutual Fund Limited(TSMF)	16.88 ▼ -1.62 (-8.76%)
Power Cem(Pref) / Jun 3 Power Cement (Pref)(POWERPS)	27.79 ▼ -2.41 (-7.98%)
Paramount Mod / Jun 3 First Paramount Modaraba(FPRM)	13.90 ▼ -1.1 (-7.33%)
AN Textile Mills / Jun 3 AN Textile Mills Limited(ANTM)	30.18 ▼ -2.23 (-6.88%)
Al-Khair Gadoon / Jun 3 Al-Khair Gadoon Limited(AKGL)	52.03 ▼ -3.68 (-6.61%)
Gammon Pak / Jun 3 Gammon Pakistan Limited(GAMON)	19.23 ▼ -1.32 (-6.42%)
Burshane LPG / Jun 3 Burshane LPG (Pakistan) Limited(BPL)	56.96 ▼ -3.61 (-5.96%)
Punjab Oil / Jun 3 Punjab Oil Mills Limited(POML)	147.13 ▼ -8.47 (-5.44%)

Stock	Volume
Treet Battery / Jun 3 Treet Battery Limited(TBL)	46,642,698 ▼ -0.03
Dewan Cement / Jun 3 Dewan Cement Limited(DCL)	33,760,377 ▲ 0.4
Sitara Petroleum Service / Jun 3 Sitara Petroleum Service Limited(SPSL)	25,238,548 ▲ 0.84
Beco Steel Ltd / Jun 3 Beco Steel Limited(BECO)	23,949,474 ▲ 0.46
P.T.C.L. / Jun 3 Pakistan Telecommunication Company Ltd(PTC)	23,376,596 ▲ 0.82
TPL Corp Ltd / Jun 3 TPL Corp Limited(TPL)	17,752,841 ▲ 0.38
Cnergyico PK / Jun 3 Cnergyico PK Limited(CNERGY)	16,285,113 ▼ -0.2
WorldCall Telecom / Jun 3 Worldcall Telecom Limited(WTL)	14,753,659 ▼ -0.01
K-Electric Ltd. / Jun 3 K-Electric Limited(KEL)	13,876,959 ▼ -0.12
Mahanna Islamic Index / Jun 3 Mahanna Islamic Index Traded Fund(MIIETF)	13,316,500 ▼ -0.13

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