Tag: silicon valley bank closed down
First Citizens inches closer to SVB acquisition: Report
First Citizens BancShares Inc. is in advanced talks to acquire Silicon Valley Bank after its collapse earlier this month, according to people familiar with the…
Credit Suisse opposes ‘too low’ offer of $1 bn by UBS: Report
UBS Group AG is offering to buy Credit Suisse Group AG for as much as $1 billion, a deal that the troubled Swiss firm is…
SVB Financial group seeks bankruptcy protection amid banking crisis
SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets, days after…
After Silicon Valley Bank failure, fears over this major global bank’s collapse
Swiss lender Credit Suisse Group AG’s chairman Axel Lehmann said state assistance “isn’t a topic” for the bank as it seeks to recover from a…
Rupee may decline; Asian markets sink after SVB collapse: 10 points
The collapse of Silicon Valley Bank and Signature Bank made a huge impact on global finances as stocks have lost $465 billion in market value…
Zerodha CEO Nithin Kamath shares lessons for Indians from SVB collapse
Amid the collapse of three American banks – Silicon Valley Bank (SVB), Signature Bank and Silvergate Capital Corp, Zerodha founder Nithin Kamath said that the…
Silicon Valley Bank collapse: What is a bailout and Bank Funding Term Program?
The collapse of the Silicon Valley Bank has triggered concerns about the state of US economy. The Biden administration refused a federal bailout of the…