First Citizens Bank Acquires Deposits And Loans Of Failed Silicon Valley Bank
The 17 former branches of Silicon Valley Bank will now open as First-Citizens Bank and Trust Company starting today.
Mar 27, 2023, 15:10 PM IST
FM Reviews PSBs Performance Amid Stress In US Fin Systems; Asks Bankers To Be Vigilant About Rate Risks
During the two hours meeting with MDs and CEOs of PSBs, an open discussion was held on the global scenario amid the failure of the SVB and Signature Bank.
Mar 25, 2023, 19:48 PM IST
Indian Startups Have Deposits Of About $1 Billion In SVB, Minister Says
Hundreds of Indian startups had more than a billion dollars of their funds in SVB, according to his estimate, Chandrashekhar said. Chandrashekhar met more than 460 stakeholders this week, including startups affected by SVB's closing, and said he had passed on their suggestions to Finance Minister Nirmala Sitharaman.
Mar 17, 2023, 13:13 PM IST
Silicon Valley Bank Crisis: Will Collapse Of The US Bank Impact Indian Start-Ups And Banking System?
Indian start-ups having good business ideas will get funding despite the liquidity crunch in the market, said Aditya Shah, founder and Chief Investment Officer, JST Investment.
Mar 14, 2023, 11:07 AM IST
Joe Biden Comments on collapse of Silicon Valley Bank and Signature Bank
In America, 2 banks have crashed within 1 week. The first is Silicon Valley Bank and the second is Signature Bank. US President Joe Biden's statement on the lockout of banks has come to the fore
Mar 14, 2023, 08:32 AM IST
DNA: 'Banking Crisis' in America
America, the world's superpower, is currently troubled by the bankruptcy of its two big banks. After 15 years, once again a big baking crisis has come in America. See the DNA test of America's banking crisis.
Mar 13, 2023, 23:18 PM IST
'Your Deposits Will Be There When You Need Them': US President Joe Biden On SVB Crisis
US regulators closed the Silicon Valley Bank on Friday after it experienced a traditional bank run, where depositors rushed to withdraw their funds all at once.
Mar 13, 2023, 19:06 PM IST
FDIC Nominated Fannie Mae's Former CEO, Tim Mayopoulos, To Lead Silicon Valley Bank
Before joining fintech Blend, Mayopoulos spent more than six years as the CEO of mortgage financier Fannie Mae.
Mar 13, 2023, 17:57 PM IST
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 Bank will get full compensation.
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
MoS IT Chandrasekhar To Meet Start-Ups To Assess SVB Collapse Impact
Industry watchers expect a quick takeover of the bank as it has enough assets that can be liquidated to return money to the clients.
Mar 12, 2023, 20:45 PM 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
The Silicon Valley Bank Crisis: MoS Minister Rajeev Chandrasekhar To Meet With Head Of Indian Startups
The SVB crisis is the largest bank failure in the US history since the financial crisis of 2008, whose ripple effects have been felt across the world.
Mar 12, 2023, 10:53 AM IST
Silicon Valley Bank Fiasco Becomes Largest Failure Since 2008; Here Are 5 Financial Crisis In Past That Shook The World
The Silicon Valley Bank (SVB) crisis has hit the US and global market badly with billions of dollars have been stranded across the world. The SVB had been shutdown by US authority after the technology-startups bank's stocks plunged drastically after facing liquidity crunch. Earlier, financial crisis grabbled the world's economies, causing wipe out of billions of dollars. Here are some prominent financial crisis of the past.
Mar 11, 2023, 12:38 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 uninsured, sending its shares down 10% in extended trading.
Mar 11, 2023, 09:21 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
