Silicon Valley

	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. published on : 25th May 2023
	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. published on : 25th May 2023
	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. published on : 16th May 2023
	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 published on : 22nd April 2023
	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. published on : 22nd April 2023
	Liquors with a touch of beer Mixing freshly-crafted beers with other liquors can create a variety of unique and interesting flavour combinations. published on : 15th April 2023
	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. published on : 26th March 2023
	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. published on : 25th March 2023
	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 published on : 24th March 2023
	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. published on : 20th March 2023
	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. published on : 19th March 2023
	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. published on : 18th March 2023
	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. published on : 18th March 2023
	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. published on : 15th March 2023
	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. published on : 15th March 2023
	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 published on : 15th March 2023
	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 published on : 14th March 2023
	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. published on : 14th March 2023
	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... published on : 13th March 2023
	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. published on : 13th March 2023