US Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank and protect depositors,
India’s state minister for technology said on Sunday he will meet start-ups this week to asses the impact on them of Silicon Valley Bank’s collapse,
Silicon Valley Bank’s (SVB’s) collapse continued to pound global bank stocks on Tuesday as investors fretted over the financial health of some lenders,
European shares fell on Wednesday as bank stocks resumed their selloff, after a short-lived bounce in the previous session, with Credit Suisse plunging to a fresh record low. The pan-European STOXX 600 index fell 2.5 per cent by 1118 GMT, languishing at 10-week lows, as was the banks sector index after plunging nearly 6 per cent.
The Organisation for Economic Co-operation and Development (OECD) raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid restrictions,
SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets,
US banks may become more circumspect in granting loans following recent turmoil in the sector, the country’s treasury secretary said in an interview to air on Sunday,
HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his first interview since taking the role. The reviews follow pressure from Chinese shareholder Ping An Insurance, which wants