Trends - Silicon Valley Bank - Business Recorder

Silicon Valley Bank

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

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

Published 22 Mar, 2024 04:57am

Markets

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

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

Published 08 Aug, 2023 09:53am

Markets

BIS warns world economy at critical juncture in inflation fight

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

Published 25 Jun, 2023 05:50pm

Business & Finance

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

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

Published 19 Jun, 2023 06:54am

World

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

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

Published 16 Jun, 2023 05:09pm

Technology

Meta’s Zuckerberg shakes off Apple Vision Pro: report

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

Published 09 Jun, 2023 11:13am

Business & Finance

HSBC to rename British arm of Silicon Valley Bank next month

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

Published 05 Jun, 2023 03:27am

Markets

Buffett faults US government handling of banking crisis

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

Published 07 May, 2023 02:30pm

Editorials

Death rattle of a global order?

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

Published 06 May, 2023 06:23am

Business & Finance

EU sees urgency in bolstering bank resilience after turmoil

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

Published 02 May, 2023 05:59am

Business & Finance

JPMorgan to buy First Republic after regulators seize control

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

Published 01 May, 2023 05:25pm

World

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

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

Published 01 May, 2023 03:28am

Business & Finance

Fed calls for tougher bank rules after SVB collapse

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

Published 29 Apr, 2023 06:04am

World

US Fed admits to failings in Silicon Valley Bank oversight

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

Published 28 Apr, 2023 08:47pm

Markets

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

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

Published 28 Apr, 2023 11:48am

Business & Finance

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

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

Published 26 Apr, 2023 06:15am

Central banks signal end of bank turmoil

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

Updated 26 Apr, 2023 08:50am

Markets

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

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

Published 25 Apr, 2023 12:08pm

Markets

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

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

Published 25 Apr, 2023 11:54am

Markets

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

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

Updated 24 Apr, 2023 11:28am

Business & Finance

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

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

Published 22 Apr, 2023 03:38am

World

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

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

Published 21 Apr, 2023 08:58pm

World

US lending slowed last month on banking concerns: Fed

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

Published 20 Apr, 2023 12:19am

Business & Finance

BNY Mellon beats profit estimates as higher rates boost interest income

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

Published 18 Apr, 2023 04:25pm

Business & Finance

Dollar gains on Fed rate hike bets

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

Published 11 Apr, 2023 03:44am

Markets

Small US banks use enlarged deposit guarantee to compete with giants

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

Published 09 Apr, 2023 10:36am

World

IMF chief calls on central banks to continue inflation fight

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

Published 07 Apr, 2023 12:18am

Business & Finance

Germans shun foreign deposits on fears of new crisis

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

Published 03 Apr, 2023 07:32am

Opinion

SDR allocation, monetary tightening, inflation, and banking crisis

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

Published 31 Mar, 2023 06:45am

Business & Finance

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

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

Published 31 Mar, 2023 06:45am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 11	278.63
USD PKR Interbank Buying / Jun 11	278.33
USD to Japanese Yen / Jun 11	157.27
USD to Swiss Franc / Jun 11	0.90
Pound Sterling to USD / Jun 11	1.27
Euro to USD / Jun 11	1.08

Stock	Volume
S&P 500 / Jun 10	5360.79
Nasdaq / Jun 10	17193.59
FTSE 100 / Jun 10	8228.48
Dow Jones / Jun 10	38868.04
Germany DAX 30 / Jun 10	18494.89
France CAC40 / Jun 10	7893.98
India Sensex / Jun 11	76698.22
Tokyo Nikkei / Jun 11	39134.79

Item	Value
Gold 10 Grams PKR / Jun 10	205247
Petrol/Litre / Jun 11	268.36
Crude Oil USD/Barrel / Jun 11	77.82
Karachi Cotton PKR/37.32 KG / Jun 11	19935
Gold Spot USD/Ounce / Jun 11	2303.89
Diesel/Litre / Jun 11	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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