Credit Suisse’s $54bn lifeline gives global banks tentative respite ZURICH: Credit Suisse sought to shore up its liquidity and restore investor confidence on Thursday by borrowing up ... Published 17 Mar, 2023 06:15am
Business & Finance US regulator eyes Friday bids for SVB, Signature Bank Regulators at the US Federal Deposit Insurance Corp (FDIC) have asked banks interested in acquiring failed lenders... Published 16 Mar, 2023 07:48pm
Markets Wall Street tumbles as Credit Suisse sparks fresh bank sell-off NEW YORK: US stocks dropped on Wednesday as turbulence at Credit Suisse revived fears of a banking crisis, eclipsing... Published 16 Mar, 2023 06:01am
Business & Finance Credit Suisse slump leads Europe bank rout as SVB fallout grows PARIS: Credit Suisse shares hit a record low on Wednesday in a rout of European bank stocks, as investor concerns... Published 16 Mar, 2023 06:01am
Business & Finance Credit Suisse slides in Europe bank rout as SVB fallout grows European bank stocks slumped on Wednesday, with embattled Credit Suisse tumbling as much as 30% to another record... Published 15 Mar, 2023 09:33pm
Markets Shares of US regional banks lick wounds after SVB-fueled rout Shares of U.S. regional banks rose in premarket trading on Tuesday after suffering double-digit losses over the past... Published 14 Mar, 2023 05:29pm
Markets Chinese shares jump on recovery optimism SHANGHAI: China and Hong Kong stocks saw their best day since March on Monday, tracking gains in global peers after... Published 14 Mar, 2023 03:18am
Markets Wall St rises in choppy trade as markets weigh bank contagion risks NEW YORK: US stock indexes rose in choppy trading on Monday as investors weighed a possible pause in interest rate... Published 14 Mar, 2023 03:18am
Markets Indian shares hit 5-month low on sell-off in financial stocks BENGALURU: Indian shares fell to a five-month low on Monday, dragged by a sell-off in financial stocks, as the... Published 14 Mar, 2023 03:18am
Markets Oil prices decline as banking fears rattle markets NEW YORK: Oil prices fell in volatile trading on Monday as the collapse of Silicon Valley Bank hit equities markets... Published 14 Mar, 2023 03:18am
Business & Finance Dollar slides as Fed rate hike expectations slump on SVB collapse NEW YORK: The dollar fell on Monday as markets bet the Federal Reserve will be less aggressive in raising interest... Published 14 Mar, 2023 03:18am
Business & Finance Biden pledges ‘whatever needed’ as banks feel force of SVB fallout NEW YORK: US President Joe Biden vowed to do whatever was needed to address a threatened banking crisis after the... Published 14 Mar, 2023 03:18am
Business & Finance First Republic dives as fresh financing fails to soothe deposit outflow fears First Republic Bank’s shares plunged on Monday as news of fresh financing failed to assuage investor fears of... Published 13 Mar, 2023 08:08pm
Business & Finance SVB Financial mulls strategic options Defunct startup-focused lender SVB Financial Group said on Monday that it was planning to explore strategic... Published 13 Mar, 2023 06:15pm
World Working to address SVB collapse, but not looking at bailout: Yellen WASHINGTON: U.S. Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to... Published 12 Mar, 2023 06:45pm
World British tech sector ‘at serious risk’ after SVB collapse: govt LONDON: Britain’s technology and life sciences sectors are at “serious risk” following the closure of the Silicon... Published 12 Mar, 2023 06:01pm
Business & Finance Silicon Valley Bank’s demise began with downgrade threat In the middle of last week, Moody’s Investors Service Inc delivered alarming news to SVB Financial Group, the parent... Published 11 Mar, 2023 04:17pm
Business & Finance Silicon Valley Bank is largest failure since 2008 crisis, billions stranded Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on... Published 11 Mar, 2023 01:52pm
Business & Finance Crypto firm Circle reveals $3.3bn exposure to Silicon Valley Bank U.S. cryptocurrency firm Circle has $3.3 billion of its $40 billion of USD Coin reserves at the collapsed lender... Published 11 Mar, 2023 01:41pm
World US lawmakers met Fed, FDIC to discuss Silicon Valley Bank’s collapse US lawmakers met with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the... Published 11 Mar, 2023 01:37pm
World What caused Silicon Valley Bank’s failure? NEW YORK: SVB Financial Group Inc’s shutdown and takeover by banking regulators on Friday can be traced to the U.S.... Updated 11 Mar, 2023 06:51pm
Business & Finance China venture of collapsed US lender SVB says its corporate structure is sound SHANGHAI: The Chinese joint venture of failed U.S. lender SVB Financial Group said on Saturday it has a sound... Published 11 Mar, 2023 10:30am