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
Jubilee Spinning / Dec 7 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	7.80 ▲ 1.00 (14.71%)
K-Electric Ltd. / Dec 7 K-Electric Limited(KEL)	3.99 ▲ 0.47 (13.35%)
Bilal Fibres / Dec 7 Bilal Fibres Limited(BILF)	2.90 ▲ 0.30 (11.54%)
Dawood Equities / Dec 7 Dawood Equities Limited(DEL)	6.98 ▲ 0.68 (10.79%)
Popular Islamic / Dec 7 Popular Islamic Modaraba(PIM)	11.50 ▲ 1.00 (9.52%)
Al-Shaheer Corp / Dec 7 Al Shaheer Corporation Limited(ASC)	11.52 ▲ 1.00 (9.51%)
Agritech Limited / Dec 7 Agritech Limited(AGL)	12.52 ▲ 1.00 (8.68%)
Bank Makramah / Dec 7 Bank Makramah Limited(BML)	2.40 ▲ 0.19 (8.60%)
TPL Corp Ltd / Dec 7 TPL Corp Limited(TPL)	7.32 ▲ 0.54 (7.96%)
Tri-Star Power / Dec 7 Tri-Star Power Limited(TSPL)	13.88 ▲ 1.00 (7.76%)

Stock	Price
Pak Gulf Leasing / Dec 7 Pak-Gulf Leasing Company Limited(PGLC)	6.50 ▼ -1.00 (-13.33%)
Unicap Modaraba / Dec 7 Unicap Modaraba(UCAPM)	1.75 ▼ -0.24 (-12.06%)
Saritow Spinning / Dec 7 Saritow Spinning Mills Limited(SSML)	7.20 ▼ -0.80 (-10.00%)
Bawany Air Products / Dec 7 Bawany Air Products Limited(BAPL)	10.53 ▼ -0.97 (-8.43%)
Land Mark Spinning / Dec 7 Landmark Spinning Industries Limited(LMSM)	15.23 ▼ -1.24 (-7.53%)
Crescent Fib. / Dec 7 Crescent Fibres Limited(CFL)	80.02 ▼ -6.49 (-7.50%)
National Silk / Dec 7 The National Silk & Rayon Mills Limited(NSRM)	30.36 ▼ -2.46 (-7.50%)
Otsuka Pakistan / Dec 7 Otsuka Pakistan Limited(OTSU)	149.23 ▼ -12.10 (-7.50%)
Pak Engineering / Dec 7 Pakistan Engineering Company Limited(PECO)	508.75 ▼ -41.25 (-7.50%)
Shezan Inter. / Dec 7 Shezan International Limited(SHEZ)	132.10 ▼ -10.71 (-7.50%)

Stock	Volume
K-Electric Ltd. / Dec 7 K-Electric Limited(KEL)	239,385,586 ▲ 0.47
Cnergyico PK / Dec 7 Cnergyico PK Limited(CNERGY)	95,931,322 ▲ 0.20
WorldCall Telecom / Dec 7 Worldcall Telecom Limited(WTL)	57,936,513 ▲ 0.05
Hascol Petrol / Dec 7 Hascol Petroleum Limited(HASCOL)	57,630,000 ▲ 0.11
Pak Refinery / Dec 7 Pakistan Refinery Limited(PRL)	42,648,059 ▲ 2.06
P.T.C.L. / Dec 7 Pakistan Telecommunication Company Ltd(PTC)	42,171,000 ▲ 0.55
Hum Network / Dec 7 Hum Network Limited(HUMNL)	39,919,500 ▲ 0.01
Pak Elektron / Dec 7 Pak Elektron Limited(PAEL)	38,428,371 ▲ 1.34
TPL Properties / Dec 7 TPL Properties Limited(TPLP)	35,952,962 ▲ 1.02
Pak Petroleum / Dec 7 Pakistan Petroleum Limited(PPL)	35,324,615 ▼ -0.52

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 7	284.53
USD PKR Interbank Buying / Dec 7	284.03
USD to Japanese Yen / Dec 7	146.80
USD to Swiss Franc / Dec 7	0.88
Pound Sterling to USD / Dec 7	1.25
Euro to USD / Dec 7	1.08
UK LIBOR % / Dec 6	5.47

Stock	Volume
S&P 500 / Dec 6	4549.34
Nasdaq / Dec 6	14146.71
Dow Jones / Dec 6	36054.43
India Sensex / Dec 7	69549.02
Tokyo Nikkei / Dec 7	32831.35
Hang Seng / Dec 7	16268.89
FTSE 100 / Dec 7	7485.25
Germany DAX 30 / Dec 7	16619.17
France CAC40 / Dec 7	7428.09

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 6	17235
Gold 10 Grams PKR / Dec 6	186986
Crude Oil USD/Barrel / Dec 7	69.77
Gold Spot USD/Ounce / Dec 7	2026.24
Cotton US¢/pound / Dec 7	79.89

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