Banking

The UAE has joined other Gulf central banks in raising interest rates, following a hike by the US Federal Reserve. The Central Bank of the UAE has gone on to increase the base rate for the overnight deposit facility (ODF)...

On March 19, U.S. officials claimed that the deposit outflows that left several regional banks reeling in the event of Silicon Valley Bank's bankruptcy had slowed and, in some cases, turned, as investors attempted to determine whether the crisis...

Healthcare companies may turn to traditional major banks and prioritize cash conservation after the failure of regional lenders like Silicon Valley Bank and Signature Bank. The fall of SVB left a void in the life sciences startup sector, locking out...

Within just 48 hours, the bank that several new biotechnology companies had relied on for ages was gone. On March 10, the Federal Deposit Insurance Corp. closed Silicon Valley Bank, leading to a dramatic collapse that shook the financial sector....

U.S. authorities took extraordinary measures on March 12 to rebuild trust in the banking system after the collapse of Silicon Valley Bank threatened to spark a wider financial disaster. Despite a rollercoaster weekend, regulators said that customers of the collapsed...

The sudden collapse of Silicon Valley Bank in the US may very well choke funding for technology startups in Canada and also place them in the hands of domestic lenders, who may apparently be more selective when it comes...

The rapid unwinding of SVB Financial Group has blindsided the banking sector after years of stability. The collapse last week, which can be termed the largest bank failure ever since 2008, had a unique set of circumstances but also...