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From Wall Street to Silicon Valley, AI specialists are a hot commodity

AI might ultimately take all our jobs. But right now, it's minting plenty of high-paying roles.

Dan DeFrancesco   


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1 min read

Indian banks' credit profiles well placed to weather global banking sector stress: Moody's

The credit quality of Indian banks and non-bank financial institutions will remain resilient despit…

ANI   


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2 mins read

UBS completes Credit Suisse acquisition to become a banking behemoth

Swiss bank UBS on Monday said it has completed the acquisition of troubled rival Credit Suisse. …

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After US bank failures, agencies directed to analyse deposit insurance mechanism

Following the failures of a few US banks, Federal Deposit Insurance Corporation (FDIC) Chairman Mar…

ANI   


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$68 billion withdrawn from Credit Suisse before collapse

Collapsed banking giant Credit Suisse says 61.2 billion Swiss francs ($68.6 billion) left the bank …

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2 mins read

Existing startup founders will struggle even to get existing capital: Sopnendu Mohanty of Singapore Monetary Authority

Silicon Valley Bank's abrupt collapse - which unfolded in a matter of hours earlier last week - has…

PTI   


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New York's Signature Bank collapses, becomes 2nd US bank to be shut down

New York-based Signature Bank was closed by the state regulators, becoming the second US bank after…

ANI   


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3 mins read

Indian banks pass Jefferies’ Silicon Valley Bank test, brokerage finds them ‘well placed’

Indian banks in both the public and private sectors have passed global brokerage Jefferies’ SVB tes…

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2 mins read

Over $70 bn wiped off global crypto market, Bitcoin drops below $20,000

The collapse of three banks in the US, including the giant Silicon Valley Bank (SVB), within a week…

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Savings of depositors safe, assures US government after two banks collapse

Silicon Valley Bank collapsed on Friday, while New York-based Signature Bank was closed by the stat…

ANI   


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Even with global turmoil in financial markets, macro factors turning better for India: Uday Kotak

Kotak Mahindra Bank CEO Uday Kotak said on Thursday said that with macro factors turning positive, …

PTI   


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SVB resolution reassuring, will bring relief to startups: IT minister Ashwini Vaishnaw

Amid the US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT mi…

PTI   


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3 mins read

Startups hoping for quick resolution of SVB crisis post FDIC intervention

"FDIC's communication yesterday saying all depositors will get access to their funds is a relief to…

PTI   


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1 min read

Billionaire hedge fund manager investor Bill Ackman warns more banks will collapse

Billionaire hedge fund manager Bill Ackman says more banks will probably fail even if U.S. authorit…

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Foreign investors remain net buyers in Indian stocks sixth straight month

The latest fund inflows started after the recent banking crisis in the US, leading to the Silicon V…

ANI   


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The IMF warns of bond market risks amid fears of a Silicon Valley Bank repeat

The IMF called for regulators to increase their scrutiny of the financial sector, as higher yields …

Filip De Mott   


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US Fed says it failed to take forceful action on Silicon Valley Bank

The US Federal Reserve said that it failed to act with "sufficient force and urgency" in its oversi…

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1 min read

The Treasury market this week saw its biggest single-day rally since the collapse of Silicon Valley Bank

The 10-year Treasury yield slipped 15 basis-points on Tuesday, the biggest slide since Silicon Vall…

Jennifer Sor   


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First Citizens Bank reaches deal to purchase deposits, loans of Silicon Valley Bank

"Customers of Silicon Valley Bridge Bank, National Association, should continue to use their curren…

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5 mins read

Some of the best early-stage startup investors share a common trait that should be a lesson for Silicon Valley

In today's big story, we're looking at the best investors when it comes to early-stage companies.

Dan DeFrancesco