Banking

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...

The Bank of England is going to decide by year's end whether tougher disclosure rules will be needed for banks after an almost complete meltdown in funds related to pensions in September 2022. The bank projected weaknesses when it...

There are some Chinese companies that are holding on to the dollars made out of export revenues, while there happen to be some that are turning towards foreign exchange hedging in anticipation of the yuan’s value falling, as per...

SBIThe Prime Minister of India, Narendra Modi, with the Prime Minister of Singapore, Lee Hsien Loong, launched the real-time payments system linkage between India and Singapore. The State Bank of India (SBI), the country’s largest lender, has partnered in...