First Citizens Bank to layoff about 500 SVB staff
Silicon Valley Bank was caught unprepared when the Federal Reserve hiked interest rates earlier this year, a move that reduced the value of its reserves of Treasury bonds.
Acquirer of Silicon Valley Bank announces layoffs at the failed institution
First Citizens Bank of Raleigh, North Carolina, said it was cutting about 500 jobs or about 3 per cent of its workforce.
Ex Silicon Valley Bank head says social media 'fueled' run on doomed bank
Part of his written statement focused on the events of March 8, when SVB announced it sold $21 billion in assets that day -- at a loss of $1.8 billion -- to raise cash due to a deposit flight.
Slowdown fears? Google stops work on big Silicon Valley campus: Report
The report cited unnamed people as saying the project was put on pause, with no word sent to contractors regarding when it might resume
Google stops work on big Silicon Valley campus: Report
The report cited unnamed people as saying the project was put on pause, with no word sent to contractors regarding when it might resume.
Liquors with a touch of beer
Mixing freshly-crafted beers with other liquors can create a variety of unique and interesting flavour combinations.
FPIs invest Rs 7,200 crores in Indian equities in March so far
According to the data with the depositories, foreign portfolio investors (FPIs) invested Rs 7,233 crore in Indian equities till March 25.
FM Nirmala Sitharaman reviews PSBs performance amid stress in US banking system
She urged the banks to remain vigilant about the interest rate risks and regularly undertake stress tests.
FM Sitharaman to meet public sector banks heads on March 25
In addition, the RBI in its recent report said that the collapse of two banks in the US is rippling through the global financial market
It’s time for investors to lock in attractive bond yields
With rate cycles nearing peak, experts believe that the debt market has become an attractive investment option for retail investors.
Silicon Valley Bank collapse concerns founders of colour
SVB opened its doors to entrepreneurs, offering opportunities to form crucial relationships in the technology & financial communities that had been out of reach within larger financial institutions.
Interest rate risk: SVB's nemesis a well-known foe in banking
A precipitating event in SVB's collapse was the March 8 disclosure that it sold USD 21 billion in securities at a loss of USD 1.8 billion to raise cash to fund operations.
SVB crisis: IT industry may see fewer BFSI deals
In case of direct impact, this is going to have a negative effect on the high-tech customers particularly the smaller start-ups.
How Washington came to rescue US banks after the SVB collapse
Waters, former chair of the House Financial Services Committee, had her doubts that another bank would step up as a saviour and buy the defunct institution.
Government exploring credit lines for Indian start-ups: IT Minister Rajeev Chandrasekhar
Information technology (IT) minister Rajeev Chandrasekhar on Tuesday assured start-ups that government is laser-focused on helping them tide over this crisis.
Silicon Valley Bank collapse: Indian banks can handle crisis, unlikely to be affected, say analysts
Banks’ strong funding, liquidity to allow them to hold onto their HTM bonds, says Moody’s
SVB collapse: India can breathe with both lungs thanks to RBI's stringent norms
The Indian banking system, in general, too is unlikely to be affected as our banks are well-secured. That said, startups and investors maintain caution, though the initial fears have somewhat subsided
IT ministry to take up SVB linked startups woes with FinMin; pitches for Indian banks
The Minister of State for Electronics and IT during interactions with startups asked them to engage with the Indian banking system and assured them of resolving teething issues they may face.
The Unwinding: Will collapse of $200-billion Silicon Valley Bank trigger major contagion event?
US regulators have been anxious to state the low risk of contagion and the overall strength of the banking system. However, there are several channels of potential contagion...
With US govt action, looming risks to Indian startups have passed: Rajeev Chandrasekhar on SVB crisis
The Biden administration has announced that depositors of the failed Silicon Valley Bank will have access to their money from Monday.
Vizhinjam seaport protests: Police station attack was with 'ulterior intention', says Kerala CM
'The Kashmir Files' controversy: Apologies if my remarks were interpreted differently, says Nadav Lapid
Will fight again, against what is wrong: Bilkis Bano on remission given to her rapists
Tamil Nadu amended law that allows Jallikattu seeks to prevent cruelty on animals: State tells SC
India dismisses China's concerns on military exercise with US in Uttarakhand
'Bazball' powers England to new first-day record against Pakistan in 1st Test