Signature Bank 2nd Lender To Fail In Last Three Days, 3rd Largest Bank Failure In US History
The US Treasury Department and other bank authorities declared in a joint statement that "no losses will be borne by the taxpayer" and that all of the depositors of Signature Bank and Silicon Valley
Mar 13, 2023, 14:47 PM IST
HSBC Buys UK Division Of Silicon Valley Bank
The FCA and PRA have given HSBC its approval.
Mar 13, 2023, 13:17 PM IST
US Bails Out Silicon Valley Bank Depositors, Says Will Get All Their Money Back
Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer, said a joint statement.
Mar 13, 2023, 09:25 AM IST
Iran says oil exports reach highest level since US reimposed sanction in 2018
The Iranian oil Minister claimed that the country`s gas exports have witnessed a year-on-year rise of 15 per cent in the current Iranian calendar year, noting that Iran has raked in $6.5 billion from
Mar 13, 2023, 08:42 AM IST
Y Combinator Estimates 1 Lakh Jobs Within Its Community At Risk Due To SV Bank Collapse
The petition seeks the attention of the government to provide relief for the immediate impact the SVB collapse has on small businesses, startups, and their employees.
Mar 12, 2023, 20:00 PM IST
Silicon Valley Bank Becomes Largest Failure Since 2008 Financial Crisis
Companies such as video game maker Roblox Corp and streaming device maker Roku Inc said they had hundreds of millions of dollars in deposits at the bank. Roku said its deposits with SVB were largely
Mar 11, 2023, 09:21 AM IST
Who Is Greg Becker, The CEO Of Failed Silicon Valley Bank (SVB)?
Becker, who served on the board of directors at the Federal Reserve Bank of San Francisco, departed the board effective Friday, a spokesperson for the regional Fed bank said. In January, Becker said
Mar 11, 2023, 08:14 AM IST
Explainer: The Silicon Valley Bank (SVB) Crisis Hit US Badly; What Are Causes Of Disaster?
The Silicon Valley Bank (SVB) was known to be a major source of funding for technology startups when other options like Initial Public Offering (IPO) aren't available amid liquidity crunch.
Mar 11, 2023, 08:01 AM IST
China Sets Economic Growth Target Of 'Around 5%' For 2023
This year's parliamentary session will implement the biggest government shake-up in a decade as Beijing confronts a host of challenges and looks to revive its COVID-battered economy.
Mar 05, 2023, 08:04 AM IST
Crypto Fraud: Indian-origin Former FTX Executive Nishad Singh Pleads Guilty To Criminal Charges
Nishad Singh pleaded guilty to six conspiracy charges, including conspiracy to commit wire fraud, conspiracy to commit money laundering and conspiracy to violate federal campaign finance laws.
Mar 02, 2023, 10:08 AM IST
Chinese Bank Approves $700m Financing for Pakistan
According to official sources, two more commercial loans were expected, including $500 million and $800 million.
Feb 22, 2023, 16:49 PM IST
Take steps to function as a country: IMF tells cash-starved Pakistan
The IMF chief's statement came days after the two sides concluded the ninth review of the USD 6.5 billion bailout package without a staff-level agreement after 10 days of talks. However, both sides
Feb 20, 2023, 12:32 PM IST
Pakistan Economic Crisis: People Line Up to Buy Branded Coffee Amid Sky-Touching Food, Petrol Prices
Tim Hortons is owned by Restaurant Brands International Inc (RBI) (QSR.TO), a Toronto-based company that also owns other fast food brands including Burger King and Popeyes.
Feb 16, 2023, 14:46 PM IST
Petrol-Diesel Prices Hiked Again in Pakistan Amid Economic Crisis; Check Latest Rates
Following a new increase in fuel prices, Pakistani citizens will now pay PKR 272 per litre for gasoline and PKR 280 for diesel.
Feb 16, 2023, 11:32 AM IST
Pakistan Economic Crisis: Milk Prices Zoom Past 210 per litre, Rates of Chicken and Meat Increase Too
Pakistan Economic Crisis: Chicken meat costs PKR 780 per kg while that of boneless meat has shot upto PKR 1,100 per kg in Pakistan.
Feb 14, 2023, 12:20 PM IST
European Central Bank May Outdo Fed With Half-Point Interest Hike
The ECB started raising rates in July, four months after the Fed did, and from lower levels including below zero for one of its key benchmarks.
Feb 02, 2023, 16:09 PM IST
Pakistan Hikes Petrol and Diesel Prices Amid Economic Crisis; Check Latest Rates
Pakistan Finance Minister Ishaq Dar made the announcement regarding the increase in fuel prices and it has come into effect from 11 am on January 29.
Jan 29, 2023, 15:00 PM IST
Pakistan Economic Crisis: Country's Rupee Records Highest 1-Day Fall in 20 Years
Pakistan is facing its worst economic crisis in two decades and has been in talks with International Monetary Funds (IMF) for bail out packages.
Jan 27, 2023, 14:53 PM IST
Pakistan's Economy at Risk of Collapse
According to the report, rolling blackouts and a severe foreign currency shortage are making it difficult for businesses to continue operations in Pakistan.
Jan 27, 2023, 08:41 AM IST
Why Twtitter boss Elon Musk hates alcohol but likes red wine in a fine glass
It all started when @NicoleBehnam tweeted: "Once you realise alcohol is a scam, everything changes. Alcohol ads use themes like happiness, prestige, sophistication, success, maturity, athletic
Jan 23, 2023, 14:48 PM IST
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