Tag: silicon valley bank news
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…
Third collapse in a week? Big US banks rush to rescue First Republic Bank
Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming…
Credit Suisse crisis bigger worry for India than Silicon Valley Bank: Report
Bloomberg | | Posted by Singh Rahul Sunilkumar The fate of European lender Credit Suisse Group AG is of greater importance to the Indian banking…
Credit Suisse gets $54 bn loan from Swiss central bank as shares slump
Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after…
Massive job cuts in India due to Silicon Valley Bank collapse? Experts say…
Silicon Valley Bank (SVB), a major depository to tech companies and startups, went bankrupt on Friday, leaving depositors scrambling for their money. While US authorities…
Amid global SVB contagion fears, Credit Suisse shares plunge by over 20 per cent
Shares of financial services firm and bank Credit Suisse plunged over 20 per cent – falling for an eighth consecutive session – on the Swiss…
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…
Silicon Valley Bank news: HSBC puts £2 billion into SVBUK after buying it for £1
HSBC injected nearly £2 billion into the United Kingdom arm of collapsed United States-based Silicon Valley Bank – which it bought this week for a…