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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…

Business Insider Latest Story Image
2 mins read

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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2 mins read

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…

Business Insider Latest Story Image
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…

Business Insider Latest Story Image
4 mins read

SVB solution ensures taxpayer dollars are not put at risk: President Biden

The US President, Joe Biden, assures the American people and businesses that a resolution of the co…

PTI   


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1 min read

HSBC acquires UK arm of Silicon Valley Bank for £1

HSBC says that the transaction "completes immediately" and will be funded from existing resources. …

Business Insider Latest Story Image
4 mins read

SVB Bank failure serves as a wake-up call for Indian startups

The French say "Plus ça change, plus c'est la même chose" - which means that the more things change…

Business Insider Latest Story Image
2 mins read

Silicon Valley Bank's new CEO urges depositors to bring back their money

Tim Mayopoulos, new CEO of collapsed Silicon Valley Bank (SVB), has urged depositors to return with…

Business Insider Latest Story Image
2 mins read

US bank SVB taken over is largest failure since 2008

US regulators have shut down Silicon Valley Bank (SVB) and taken control of its customer deposits i…

Business Insider Latest Story Image
3 mins read

Bond-market crash leaves big banks with $650 billion of unrealized losses as the ghost of SVB continues to haunt Wall Street

Even big lenders are feeling the heat from the Treasury-market rout after racking up hundreds of bi…

George Glover   


Business Insider Latest Story Image
4 mins read

Everyone's freaking out about SVB because everyone else is freaking out about SVB

Silicon Valley Bank had a very bad Thursday, but its own clients arguably made it way worse for the…

Dan DeFrancesco   


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3 mins read

Picking up the pieces in the wake of SVB's collapse

We're more than a week removed from the fall of Silicon Valley Bank. Here's where things stand for …

Dan DeFrancesco   


Business Insider Latest Story Image
1 min read

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…

Business Insider Latest Story Image
2 mins read

MoS IT to take up SVB linked startups woes with FinMin; pitches for Indian banks

The IT ministry will take up woes of Indian startups impacted by the Silicon Valley Bank collapse w…

PTI   


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1 min read

Y Combinator lays off 20% staff, scales back on late-stage investments

US-based technology startup accelerator Y Combinator is laying off 17 employees -- or 20 per cent o…

Business Insider Latest Story Image
4 mins read

The ‘Godot’ recession could be pushed back further, SVB crisis could force US Fed to pause rate hikes

The Silicon Valley Bank (SVB) crisis coupled with robust economic performance around the world desp…

Business Insider Latest Story Image
3 mins read

Silicon Valley Bank depositors will have access to their money starting Monday: US Treasury Secretary

In a step aimed at protecting the US economy by strengthening public confidence in the country's ba…

PTI   


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5 mins read

Sensex, Nifty50 tumble amid a sharp rise in volatility: Bank, auto stocks drag markets down

India’s benchmark indices Sensex and Nifty50 are likely to open on a tepid note on Monday amid conc…