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SVB RESCUE
Timeline: The road to First Republic Bank's collapseLast week, First Republic reported a more than $100 billion plunge in deposits in the first quarter that sparked a brutal sell-off in the l...01 May, 2023, 03.37 PM IST- Troubled Silicon Valley Bank acquired by First CitizensCustomers of SVB will automatically become customers of First Citizens, which is headquartered in Raleigh, North Carolina. The 17 former br...27 Mar, 2023, 07.56 PM IST
- US mid-tier lenders gain on SVB deal, hopes of more govt supportMarket worries eased on Monday as First Citizens BancShares agreed to buy failed SVB in a deal in which unit First-Citizens Bank & Trust Co...27 Mar, 2023, 07.24 PM IST
- A timeline of how the 2023 banking crisis unfoldedGlobal banks are heading towards a major crisis after two US banks failed, Credit Suisse sought government support and the US banks agreed ...27 Mar, 2023, 05.31 PM IST
- A suitor for SVB soothes broader markets, but default stress stalks banksFirst Citizens BancShares Inc was in advanced talks to acquire SVB from the Federal Deposit Insurance Corp/ North Carolina-based First Citi...27 Mar, 2023, 10.16 AM IST
- Social media-driven bank runs burden regulators with a bigger problemReports on social media during the week of March 6 that some venture capital firms, including influential investor Peter Thiel's Founders F...21 Mar, 2023, 09.01 PM IST
- SVB UK handed out over 15 million pounds in bonuses days after HSBC rescue: Sky NewsPayouts to staff including senior executives were signed off by HSBC earlier in the week, the report said, adding that the bonuses would no...18 Mar, 2023, 05.12 PM IST
- JPMorgan's Jamie Dimon plays key role in bank rescue, in echo of 2008As the crisis unraveled last Friday with SVB closed down by the authority, threatening contagion, Dimon also met in his office with Deputy ...18 Mar, 2023, 06.58 AM IST
- Explainer: What is Credit Suisse crisis all about and how will it impact India?However, the firm has been in financial trouble over the past 2-3 years and has been questioned for submitting its audited financial statem...17 Mar, 2023, 06.04 PM IST
- UK businesses mull moving cash after SVB chaosSVB's failure has roiled global markets over the past week, with contagion concerns spreading to Swiss lender Credit Suisse, forcing the co...17 Mar, 2023, 02.47 PM IST
- Silicon Valley Bank collapse: What you need to knowU.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Ban...15 Mar, 2023, 11.29 AM IST
- SVB collapse shows the delusional state of private equity: Nikhil KamathBanking regulators said that SVB depositors would have access to their funds, putting rest to fears that startups would struggle to pay the...14 Mar, 2023, 03.08 PM IST
- The one pound rescue: Inside the rush to save Silicon Valley Bank UKOn Monday, HSBC, Europe's largest bank with a balance sheet of almost $3 trillion, announced it was buying SVB UK for less than the price o...14 Mar, 2023, 01.00 PM IST
- US taxpayers will not be responsible for failed bank losses, says President BidenWhile the government is ensuring that SVB depositors get their money back, "no losses will be borne by the taxpayers," he said. "The money ...13 Mar, 2023, 07.05 PM IST
- Not banks, chit funds & ponzi schemes are SVB of India: Nilesh ShahNilesh Shah says the Indian banking system is in a far better position. For example, SVB, out of their $200 odd billion balance sheet, coul...13 Mar, 2023, 01.12 PM IST
- HSBC acquires British arm of stricken Silicon Valley Bank"This acquisition makes excellent strategic sense for our business in the UK," HSBC CEO Noel Quinn said in a statement.13 Mar, 2023, 01.09 PM IST
- Bank of London weighs rescue bid for Silicon Valley Bank's UK arm: Sky NewsThe news of the British bank's bid interest comes a day after the Bank of England said it was seeking a court order to place SVB UK into an...11 Mar, 2023, 06.40 PM IST
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