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
Lessons to learn from Silicon Valley Bank’s Collapse for investorsWhile the contagion risk of SVB’s fallout has been avoided for the time being, there are some lessons we can take away from this episode.
21 Mar, 2023, 06.23 PM IST
This is how global banking crisis can impact India in different waysIndia is seen to be relatively sheltered from the shocks of the crisis. It is unlikely to impact India's banking system or its broader macr...
21 Mar, 2023, 04.13 PM IST
FDIC to break up SVB, seeks separate sale of private unitIt will seek bids for Silicon Valley Private Bank until March 22 and for the bridge bank until March 24. The private bank, which is housed ...
20 Mar, 2023, 07.08 PM IST
Mortgages, wine and renovations: Silicon Valley Bank's deep tech tiesAnd when SVB held an annual event in January on the state of the wine industry, it featured speakers from Wine.com, one of the world's larg...
18 Mar, 2023, 02.05 PM IST
Bring back your money, new Silicon Valley Bank CEO urges depositorsIn a Zoom meeting with select investors and limited partners (LPs), he also asked for new deposits, saying that both existing and new depos...
15 Mar, 2023, 11.12 AM IST
Indian startups meet Rajeev Chandrasekhar to highlight issues post SVB collapseMinister of State for Electronics & Information Technology Rajeev Chandrasekhar on Tuesday met more than 400 representatives from the start...
14 Mar, 2023, 11.03 PM IST
Apollo eyes Silicon Valley Bank assets as suitors circle $73.6-billion loan bookApollo, one of the world’s largest alternative asset managers, is among other investors looking to buy pieces of Silicon Valley Bank.
14 Mar, 2023, 11.52 AM IST
Silicon Valley Bank 'conducting business as usual', new CEO saysEarlier in the day, the U.S. Federal Deposit Insurance Corporation had tapped former Fannie Mae head Mayopoulos as CEO of the newly created...
14 Mar, 2023, 10.15 AM IST
SVB collapse, wider fallout unlikelyThe startup ecosystem will have to evolve coping mechanisms after the dust settles. SVB had an overwhelming share of uninsured deposits, an...
13 Mar, 2023, 10.57 PM IST
SVB Financial Group mulls strategic alternativesThe move comes after Californian regulators shuttered the bank following a failed share sale that drained $42 billion in deposits in a sing...
13 Mar, 2023, 06.34 PM IST
Here’s how SVB’s collapse is reverberating around the worldOn Monday, the UK moved quickly to stem fallout by selling SVB’s British unit to HSBC Holdings Plc for £1. Elsewhere companies were tallyin...
13 Mar, 2023, 06.27 PM IST
SVB Financial mulls strategic optionsSVB Capital and SVB Securities are separate divisions of SVB Financial and not part of Silicon Valley Bank, which is undergoing resolution ...
13 Mar, 2023, 06.09 PM IST
FDIC names former Fannie Mae chief Tim Mayopoulos as CEO of Silicon Valley BankTim Mayopoulos served as the chief executive officer of mortgage financier Fannie Mae for more than six years before he joined fintech Blen...
13 Mar, 2023, 04.41 PM IST
SVB collapse: tech executives race to save startups from 'extinction'Friday's dramatic failure of the bank, which focuses on tech startups, was the biggest since the 2008 financial crisis. It roiled global ma...
12 Mar, 2023, 01.11 PM IST
Silicon Valley Bank fallout spreads around the world as UK firms plead for helpSilicon Valley Bank ’s UK unit is set to be declared insolvent, has already ceased trading and is no longer taking new customers. Startup f...
11 Mar, 2023, 10.33 PM IST
SVB shutdown sends shockwaves through Silicon Valley as CEOs race to make payrollOn Friday, tech CEOs scrambled to make payroll after SVB Financial Group was shuttered by California banking regulators in a bid to protect...
11 Mar, 2023, 08.34 PM IST