Trends - SVB - Business Recorder

SVB

Senior Fed official calls for ‘impartial’ review into bank failures

WASHINGTON: A senior Federal Reserve official has criticized proposals to increase bank capital requirements and...

Published 26 Jun, 2023 06:38am

Markets

Iran’s oil exports hit 5-year highs as US holds nuclear talks

LONDON: Iran’s crude exports and oil output have hit new highs in 2023 despite US sanctions, according to...

Published 19 Jun, 2023 06:55am

Business & Finance

SVB agrees to sell its investment banking division

NEW YORK: SVB Financial Group said on Sunday it has entered into an agreement to sell its investment banking...

Published 19 Jun, 2023 06:55am

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

Goldman Sachs named as defendant in SVB-related class action lawsuit

Goldman Sachs is among the underwriters named as defendants in a securities class action lawsuit related to several...

Published 04 May, 2023 05:06pm

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

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

Opinion

Yellen goes to school

Surely, you can’t be accused of being a pro-Putin conspiracy hack if you’re quoting the US treasury secretary...

Updated 20 Apr, 2023 06:52am

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

World

Top US Fed official says more monetary tightening needed

WASHINGTON: The US should continue tightening monetary policy to bring down inflation while assessing the impact of...

Published 14 Apr, 2023 06:37pm

Business & Finance

Fed economists projected 'mild recession' at March meet: minutes

WASHINGTON: Federal Reserve economists were projecting a "mild recession" when the US central bank decided to ...

Published 13 Apr, 2023 12:31am

World

Yellen downplays recession fears, expects US economy to grow

WASHINGTON: US Treasury Secretary Janet Yellen expects the world’s biggest economy will continue to grow, despite...

Published 08 Apr, 2023 11:09am

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

Business & Finance

US regulator cites ‘terrible’ risk management for Silicon Valley Bank failure

WASHINGTON: A top US regulator told a Senate panel on Tuesday that Silicon Valley Bank did a “terrible” job of...

Published 30 Mar, 2023 06:35am

Business & Finance

Dollar slips as banking sector fears ebb

NEW YORK: The US dollar fell against a basket of currencies for a second straight day on Tuesday as easing worries...

Published 29 Mar, 2023 06:27am

Markets

Wall St cuts gains as investors weigh bank risks after SVB deal

NEW YORK: Wall Street’s main indexes cut gains on Monday as investors assessed risks to the banking sector...

Published 28 Mar, 2023 06:21am

Business & Finance

First Citizens to acquire collapsed SVB

NEW YORK: First Citizens Bank will acquire significant holdings of fallen lender Silicon Valley Bank, a US banking...

Published 28 Mar, 2023 06:21am

Business & Finance

Forint, crown edge down with rate meetings in focus

PRAGUE: The Hungarian forint and Czech crown edged down on Monday, as markets turned to central bank meetings due...

Published 28 Mar, 2023 06:21am

Business & Finance

US bank trading revenue, deposits in focus after roller-coaster month

NEW YORK: As US banks prepare to close the books on a tumultuous quarter, analysts say trading revenue and deposits...

Published 28 Mar, 2023 06:21am

Business & Finance

SVB collapse 'textbook case of mismanagement': top Fed official

WASHINGTON: The collapse of Silicon Valley Bank (SVB) was a "textbook case of mismanagement" which requires tougher...

Published 27 Mar, 2023 11:10pm

Business & Finance

‘Most vulnerable’ US banks lost $1 trillion in deposits in a year: JPMorgan

NEW YORK: JPMorgan Chase & Co analysts estimate that the “most vulnerable” US banks are likely to have lost a...

Published 23 Mar, 2023 09:35pm

Business & Finance

Global bank watchdog vows to ‘learn lessons’ after turmoil

PARIS: The Basel Committee on Banking Supervision, charged with worldwide oversight, said Thursday that it would...

Published 23 Mar, 2023 06:05pm

Markets

Rupee makes minor gain against US dollar, settles at 283.92

Currency appreciates 0.04% in inter-bank market

Updated 22 Mar, 2023 10:16am

Business & Finance

Fed to balance banking woes, inflation in this rate decision

WASHINGTON: US central bankers face an unenviable task when they gather in Washington this week: tackling persistent...

Published 20 Mar, 2023 06:12am

Business & Finance

OECD hikes growth outlook

PARIS: The global economic outlook has improved from a few months ago as the inflation shock eases but rising...

Published 18 Mar, 2023 06:14am

Business & Finance

SVB Financial seeks bankruptcy protection for reorganization

SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy...

Published 17 Mar, 2023 06:37pm

Business & Finance

ECB raises rates as planned despite banking turmoil

FRANKFURT: The European Central Bank raised interest rates by 50 basis points on Thursday as promised, ignoring...

Published 17 Mar, 2023 07:09am

Yellen says US banking system sound despite turmoil

WASHINGTON: The US banking system remains sound despite market anxiety over the collapse of Silicon Valley Bank ...

Updated 17 Mar, 2023 09:15am

Gainers
Losers
Leaders

Stock	Price
Bilal Fibres / Sep 26 Bilal Fibres Limited(BILF)	2.20 ▲ 0.19 (9.45%)
P.I.A.C.(A) / Sep 26 Pakistan International Airlines Corp(PIAA)	5.88 ▲ 0.50 (9.29%)
PICIC Ins.Ltd. / Sep 26 PICIC Insurance Limited(PIL)	0.80 ▲ 0.06 (8.11%)
Agriautos Ind. / Sep 26 Agriauto Industries Limited(AGIL)	69.91 ▲ 4.88 (7.50%)
Pak Hotels / Sep 26 Pakistan Hotels Developers Limited(PHDL)	236.54 ▲ 16.50 (7.50%)
Pak Paper Prod / Sep 26 Pakistan Paper Products Limited(PPP)	54.34 ▲ 3.79 (7.50%)
Kohinoor Mills / Sep 26 Kohinoor Mills Limited(KML)	47.53 ▲ 3.04 (6.83%)
Oilboy Energy / Sep 26 Oilboy Energy Limited(OBOY)	6.19 ▲ 0.38 (6.54%)
Fauji Foods Ltd / Sep 26 Fauji Foods Limited(FFL)	6.43 ▲ 0.37 (6.11%)
Hascol Petrol / Sep 26 Hascol Petroleum Limited(HASCOL)	5.10 ▲ 0.29 (6.03%)

Stock	Price
Punjab Mod / Sep 26 First Punjab Modaraba(FPJM)	1.21 ▼ -0.19 (-13.57%)
Premier Insurance / Sep 26 Premier Insurance Limited(PINL)	5.36 ▼ -0.79 (-12.85%)
Pak Synthetics / Sep 26 Pakistan Synthetics Limited(PSYL)	24.70 ▼ -2.00 (-7.49%)
Burshane LPG / Sep 26 Burshane LPG (Pakistan) Limited(BPL)	14.51 ▼ -0.99 (-6.39%)
AKD Hospitality / Sep 26 AKD Hospitality Limited(AKDHL)	125 ▼ -6.50 (-4.94%)
Bannu Woollen / Sep 26 Bannu Woollen Mills Limited(BNWM)	19.40 ▼ -1.00 (-4.90%)
Hala Enterprise / Sep 26 Hala Enterprises Limited(HAEL)	6.70 ▼ -0.30 (-4.29%)
Shezan Inter. / Sep 26 Shezan International Limited(SHEZ)	100.10 ▼ -3.89 (-3.74%)
Jauharabad Sug / Sep 26 Jauharabad Sugar Mills Limited(JSML)	15.65 ▼ -0.58 (-3.57%)
Sitara Peroxide / Sep 26 Sitara Peroxide Limited(SPL)	10.61 ▼ -0.39 (-3.55%)

Stock	Volume
P.I.A.C.(A) / Sep 26 Pakistan International Airlines Corp(PIAA)	29,654,500 ▲ 0.50
Pak Elektron / Sep 26 Pak Elektron Limited(PAEL)	20,636,559 ▼ -0.18
WorldCall Telecom / Sep 26 Worldcall Telecom Limited(WTL)	8,986,644 ▲ 0.01
Fauji Foods Ltd / Sep 26 Fauji Foods Limited(FFL)	7,935,726 ▲ 0.37
Unity Foods Ltd / Sep 26 Unity Foods Limited(UNITY)	5,817,127 ▲ 0.06
Nishat ChunPow / Sep 26 Nishat Chunian Power Limited(NCPL)	5,515,000 ▼ -0.33
Kohinoor Spining / Sep 26 Kohinoor Spinning Mills Limited(KOSM)	5,323,500 ▲ 0.03
Waves Corporation / Sep 26 Waves Corporation Limited(WAVES)	4,921,500 ▼ -0.07
Hascol Petrol / Sep 26 Hascol Petroleum Limited(HASCOL)	4,721,500 ▲ 0.29
Thatta Cement / Sep 26 Thatta Cement Company Limited(THCCL)	4,528,000 ▲ 0.78

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 25	291.05
USD PKR Interbank Buying / Sep 25	290.85
USD to Japanese Yen / Sep 25	148.90
USD to Swiss Franc / Sep 25	0.91
Pound Sterling to USD / Sep 25	1.22
Euro to USD / Sep 25	1.06
UK LIBOR % / Sep 22	5.43

Stock	Volume
S&P 500 / Sep 25	4337.44
India Sensex / Sep 25	66023.69
Tokyo Nikkei / Sep 25	32423.77
Nasdaq / Sep 25	13271.32
Hang Seng / Sep 25	17655.71
FTSE 100 / Sep 25	7623.99
Dow Jones / Sep 25	34006.88
Germany DAX 30 / Sep 25	15405.49
France CAC40 / Sep 25	7123.88

Item	Value
Crude Oil USD/Barrel / Sep 25	89.64
Karachi Cotton PKR/37.32 KG / Sep 25	18435
Gold 10 Grams PKR / Sep 25	184159.50
Gold Spot USD/Ounce / Sep 25	1914.53
Cotton US¢/pound / Sep 25	87.61

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