Xelidoni selects Wolters Kluwer’s OneSumX for Risk Management
Xelidoni has chosen to implement award-winning software from Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), having selected the OneSumX for Risk Management solution.
Xelidoni...
US And Europe On High Alert Because of The Banking Stress
The banking industry's stress is being closely monitored for the possibility of a credit crunch, a U.S. Federal Reserve policymaker warned on March 26,...
$2 Billion of Cash of SVB Financial Is Being Held By FDIC
Silicon Valley Bank's former parent business must now wait to see if it can reclaim the almost $2 billion in cash that regulators seized...
Banks In Gulf Too Raise Interest Rates Amid Fed Hike In US
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...
Private Investment Reporting Rule Deferred Declares US SEC
The top regulator of Wall Street said on March 21 that it has deferred a planned vote on a proposed rule that will aid...
As Regional Banks Struggle, US Witnesses Deposits Steadying
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...
SVB Fall May Lead To Healthcare Firms Turning To Big Banks
Healthcare companies may turn to traditional major banks and prioritize cash conservation after the failure of regional lenders like Silicon Valley Bank and Signature...
As Fed Opens Liquidity, ECB Sets The Template For Rate Hike
The global central bankers on March 16 rolled out what looks to be an emerging effort when it comes to firewall the rate increases...
SVB Collapse And How Biotechnology Industry Is Coping Up
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...
SVB Failure Prompts US To Elevate The Banking Confidence
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...