Page 2 of Silicon Valley

Bengal Silicon Valley, west Bengal Silicon Valley, tcs, reliance industries,

Bengal Silicon Valley expected to be operational by 2025 end

State govt working on fast-tracking approvals to companies

April 11, 2023 02:00 IST

Silicon Valley Bank, Signature Bank, banking sector, banking crisis, lenders, US financial system, profitability, Federal Reserve, bank accounts, funding gap, inflation

SVB crisis has investors rethinking on where to keep cash; small banks feeling the heat

The turmoil has underscored that there are other places people and companies can park their spare cash and get a…

March 31, 2023 10:40 IST

Silicon Valley Bank, banking sector, US Fed, governance ineptitude, risk management, monetary policy actions, deposit ratio, liquid assets, economic activity, monetary policy, regulatory audits

The Silicon Valley Bank collapse – Unleashing waves of uncertainty

Almost 100% of SVB’s exposure was to the tech industry, which is highly sensitive to interest rates. When interest rates…

March 30, 2023 13:53 IST

ANZ, Silicon Valley Bank, Credit Suisse, fallout, banking turmoil, financial crisis, Great Depression, Global regulators, Shayne Elliott

Ongoing banking turmoil has potential to trigger financial crisis, says ANZ CEO

“It’s a crisis for some obviously, but is it a financial crisis, who knows? Does it have the potential to…

March 27, 2023 11:03 IST

Silicon Valley Bank, First Citizens, acquisition, collapse, bank turmoil, banking sector, US lender, capital, loss, investors

First Citizens nears deal to acquire Silicon Valley Bank, sources say

First Citizens could reach a deal as soon as Sunday to acquire Silicon Valley Bank from the Federal Deposit Insurance…

March 27, 2023 10:48 IST

Pacific Western Bank faced ‘elevated’ withdrawals after collapses of Silicon Valley Bank and Signature Bank

The Los Angeles-based bank gave no details on the sum of the withdrawals but said they were mainly from its…

March 18, 2023 08:22 IST

silicon valley bank, Infosys, TCS, JP Morgan, financial turmoil, regional banks, growth, bank tech budgets, long-term deals, revenue, BFSI

TCS, Infosys have highest exposure to US regional banks: JP Morgan

All three companies might need to set aside provisions in the fourth quarter due to their exposure to SVB, J.P.…

March 17, 2023 14:30 IST

First Republic Bank, financial crisis, depositors, funding, regional banks, Morgan Stanley, Silicon Valley Bank, Signature Bank, banking system, regulators, US Fed, economy, liquidity

Biggest US banks pledge $30 billion of fresh deposits to bail out First Republic Bank from financial turmoil

JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. will contribute $5 billion of…

March 17, 2023 10:37 IST

Credit Suisse, SVB, banking sector, collapse, derivative market, Overseas banks, assets, liabilities, banking assets, deposits, market confidence

Fate of Credit Suisse of more relevance to India than SVB, says Jefferies

Credit Suisse owns more than 200 billion rupees ($2.4 billion) of assets in India, making it the 12th largest offshore…

March 16, 2023 12:06 IST

Credit Suisse, bank, funds, market turmoil, turnaround plan, share price development, Silicon Valley Bank, restructuring, capital raise

Credit Suisse CEO urges patience as bank sees inflows this week

“Nobody is pleased by the share price development, but we manage what we can manage, and this is the execution…

March 14, 2023 18:20 IST

SVB Collapse Updates: Biden promises stricter regulation, HSBC purchases UK arm for £1, Fed outlook, more

State regulators closed New York-based Signature Bank on Sunday. “Your deposits will be there when you need them,” stated U.S.…

Updated: March 14, 2023 09:43 IST

HSBC, private banking, investable assets, wealth managers, UHNIs, customers

SVB UK sold to HSBC for this unbelievable amount; Hint: It’s less than your Hotstar monthly subscription

The move came just after SVB UK, on March 10, had said that it intended to apply to the Court…

March 13, 2023 14:01 IST

HSBC, acquisition, Silicon Valley Bank, SVB collapse, taxpayers, depositors, UK customers, Bank of England, UK tech firm

HSBC acquires Silicon Valley Bank’s UK arm; depositors protected, taxpayers not affected

“This ensures customer deposits are protected and can bank as normal, with no taxpayer support,” Jeremy Hunt said in a…

March 13, 2023 13:02 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

Crude oil prices slip as concerns over rate hikes rattle investors

West Texas Intermediate crude futures (WTI) dipped by 9 cents, or -0.12%, to $76.59 a barrel.

Updated: March 13, 2023 09:47 IST

Silicon Valley Bank depositors saved, will have access to ‘all their money’ starting Monday

“The depositors will have access to all their money starting Monday, that is, March 13. No losses associated with the…

Updated: March 13, 2023 08:34 IST

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