Tag: svb collapse

zoho: Zoho India FY22 profit rises 43% to Rs 2,748.83 crore
Posted in Startups

ettech poll startups: ETtech Poll | 75% of respondents say Indian startups should bank locally after SVB collapse

Nearly three-fourths — 74.62% — of the respondents in an ETtech Poll said Indian startups should go with local banks for international transactions in the…

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First Citizens BancShares and SVB (Silicon Valley Bank) logos. (Reuters)
Posted in Business

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…

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zoho: Zoho India FY22 profit rises 43% to Rs 2,748.83 crore
Posted in Startups

svb: 48 hours till payroll, $200,000 to go: diary of a bank failure

Sara Mauskopf’s day-to-day concerns – her customers, her employees, her own three children – don’t typically involve the Federal Deposit Insurance Corp. She is CEO…

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The illuminated logos of the Swiss banks Credit Suisse and UBS in Zurich, Switzerland. (AP)
Posted in Business

Credit Suisse to assess survival options as regulators push for UBS merger

Credit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank and regulators urged it to pursue…

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Union minister Rajeev Chandrasekhar. (HT Photo)
Posted in Business

SVB collapse: Chandrasekhar calls for making banking system more startup-friendly

Union electronics and information technology minister Rajeev Chandrasekhar has called for the need to create awareness and make banking systems more startup-friendly against the backdrop…

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zoho: Zoho India FY22 profit rises 43% to Rs 2,748.83 crore
Posted in Startups

SVB collapse: ‘A huge disruption’: Startups worldwide gird for life after SVB

Quang Hoang, the co-founder of a startup called Birdly Inc., spent his Monday refreshing the website of Silicon Valley Bank every hour. His San Francisco-based…

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After Silicon Valley Bank failure, fears over this major global bank's collapse
Posted in Business

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…

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Silicon Valley Bank collapse: 96 hours after biggest US bank failure in 15 years
Posted in Business

Silicon Valley Bank collapse: 96 hours after biggest US bank failure in 15 years

The U.S. government launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank, the largest…

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‘How stupid…': Silicon Valley Bank employee blames this person for collapse
Posted in Business

‘How stupid…’: Silicon Valley Bank employee blames this person for collapse

The Silicon Valley Bank collapse has triggered frenzy among financial experts who are concerned about the state of US economy. The Biden administration has announced…

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Zuckerberg's Meta gearing up for more layoffs? This report suggests so
Posted in Business

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…

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