Page 42 of banking sector

The SVB tremor

It is surprising that the Fed didn’t keep a closer watch on investments by banks in a rising interest rate…

March 14, 2023 03:15 IST

Exposure to SVB bank ‘minimal’, says Freshworks

The company also stated that it is working with its customers and vendors who were using its SVB account to…

March 14, 2023 00:25 IST

UK gilts on track for mammoth gain in wake of SVB collapse

British government bonds on Monday were on track for their biggest one-day price gain since the day the Bank of…

March 13, 2023 20:27 IST

Your deposits will be there’ – Joe Biden assures Americans after SVB’s stunning collapse spooks investors

President Joe Biden on Monday told US residents that the nation’s financial systems are sound, following the swift and stunning…

March 13, 2023 19:26 IST

banks, Indian banks, local deposit, Silicon Valley Bank, SVB crisis, lenders, investment, Financial companies, loan growth, margin compression, Jefferies, household savings

Banks in India stand out amid SVB crisis with large reliance on local deposits, says Macquarie

Financial companies in India outperformed regional peers Monday as Jefferies Financial Group Inc. echoed Macquarie’s outlook.

March 13, 2023 12:08 IST

Silicon Valley Bank, banking sector, banks, cash deposits, banking system, technology firms, exchange filings, SoftBank Group, biopharmaceutical firm, recovery, SoftBank Vision Fund

Silicon Valley Bank collapse: Biggest Asian companies caught in turmoil; Here’s a list

Here’s a look at the Asian companies that have disclosed their exposure to SVB, or are tied to the failed…

March 13, 2023 11:35 IST

Signature Bank, bank collapse, Silicon Valley Bank, FDIC, asset, bank regulators, employees, financial crisis, customer withdrawals, bridge bank, commercial bank, accounts, debt holders

Another banking casualty: Signature Bank becomes next to collapse after SVB

The Federal Deposit Insurance Corporation (FDIC) took control of Signature, which had $110.36 billion in assets and $88.59 in deposits…

March 13, 2023 11:07 IST

Nazara Tech’s two firms hold Rs 64 cr in crisis-hit Silicon Valley Bank

Digital gaming publisher Nazara Technologies has announced that two of its step-down subsidiaries, Kiddopia Inc and Mediawrkz Inc, hold cash…

March 13, 2023 05:25 IST

Banks, banking news, razorpay, SVB, Silicon Valley Bank, Fintech, startups, funding

Banks, fintechs come to aid of domestic startups

Several industry players FE spoke with, however, said the impact of SVB on Indian startups is likely to be minimal.

March 12, 2023 04:30 IST

Rollercoaster! In the bankers’ vault

An engaging account of the banking world with some interesting revelations

March 12, 2023 02:00 IST

Silicon Valley Bank, Silicon Valley Bank financial crisis, Silicon Valley Bank news, Silicon Valley Bank latest news,

Silicon Valley Bank is largest failure since financial crisis, billions stranded

Some analysts forecast more pain for the sector as the episode spread concern about hidden risks in the banking sector…

March 11, 2023 07:24 IST

Greg Becker, Greg Becker news, silicon valley bank,

Who is Greg Becker, the head of failed Silicon Valley Bank?

In January, Becker said the economic outlook was improving after a downbeat 2022.

March 11, 2023 07:15 IST

Fintechs must organise under SRO model to monitor misconduct, says RBI DG Jain

Indian fintechs should attempt to organise themselves under a self-regulatory organisation (SRO) model to monitor misconduct of entities and protect…

March 11, 2023 03:15 IST

BoB seeks bids for divesting 49% stake in credit card arm

State-owned Bank of Baroda has called bids for divesting up to 49% stake in its credit card subsidiary BoB Financial…

March 11, 2023 03:00 IST

How to save Silicon Valley Bank: billionaire Bill Ackman sees a difficult way out, Uday Kotak weighs in too

“The failure of Silicon Valley Bank could destroy an important long-term driver of the economy as VC-backed companies rely on…

March 10, 2023 14:55 IST

US bank stocks crash: Panic at Silicon Valley Bank, 60% value lost amid desperate capital raise attempt

Silicon Valley Bank shares fell 60% on Thursday, as the lender announced a $1.75 billion capital raise, in an attempt…

Updated: March 10, 2023 10:24 IST

Foreign lenders’ loan book just 4% of banking system

Citibank’s sale of its retail business to Axis Bank is complete and with that India’s oldest foreign lender has joined…

March 10, 2023 01:45 IST

Religare Finvest completes one-time settlement with lenders

Non-banking finance company Religare Finvest on March 8 completed the final payment of Rs 400 crore to lenders under the…

March 10, 2023 00:15 IST

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Why the White House is watching Modi’s dinner with Putin tonight

India News5 min ago

Russian President Vladimir Putin’s visit to India is highly anticipated as India faces pressure from the US to distance itself from Russia. The meeting with Prime Minister Narendra Modi will cover energy, trade, and defence deals, as India navigates its relationships with both countries. India’s decision on this matter could have a major impact on its future.

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