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
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
Why SVB and Signature Bank failed so fast – and the US banking crisis isn't over yetWhile the most common type of risk faced by a commercial bank is a jump in loan defaults – known as credit risk – that’s not what is happen...
14 Mar, 2023, 02.55 PM IST
View: Silicon Valley Bank isn't Lehman and 2023 isn't 2008Back then, we were dealing with collapsing banks and plunging demand; these days, banking has been a back-burner issue and the big problem ...
14 Mar, 2023, 06.41 AM 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-Signature Bank collapse: Is a ripple effect in Indian bank stocks in the offing?Global brokerage Macquarie also echoed the view saying that amid all the gloom and doom in global banks, Indian lenders are distinguished w...
13 Mar, 2023, 01.07 PM IST
How is the Fed maneuvering the second largest banking failure in the USUS lenders were recently sent into a tailspin after SVB Financial Group, which specialises in venture-capital financing, announced a stock ...
13 Mar, 2023, 11.23 AM IST
How officials, investors and funds are tackling the SVB collapseSVB became the biggest US lender to fail in more than a decade on Friday, after a tumultuous week that saw an unsuccessful attempt to raise...
13 Mar, 2023, 09.24 AM IST
IT MoS to meet officials from SVB-hit startups this weekThe SVB crisis has sent shockwaves across the global tech ecosystem and investor community as the bank — one of the key financial instituti...
13 Mar, 2023, 12.02 AM IST
SVB crisis puts more than one lakh jobs in red: Y Combinator petitions US TreasuryThe petition, written by Y Combinator president Garry Tan, has been signed by over 3,500 CEOs and founders. The signatories also include al...
12 Mar, 2023, 11.28 PM IST
Nearly 60 YC-backed Indian startups have deposits stuck in Silicon Valley BankThese particularly include startups backed by the famed Silicon Valley accelerator Y Combinator (YC). At least 40 YC-backed Indian startups...
12 Mar, 2023, 12.15 PM IST
Worry for tech startups after Silicon Valley Bank failureThe company previously boasted that "nearly half" of technology and life science companies that had US funding banked with them, leading ma...
12 Mar, 2023, 08.07 AM IST
SVB’s 44-hour collapse was rooted in treasury bets during pandemicSVB’s collapse into Federal Deposit Insurance Corp. receivership came suddenly on Friday, following a frenetic 44 hours in which the bank's...
12 Mar, 2023, 08.00 AM IST
Unthinkable heresy becomes reality: How Silicon Valley Bank created — and walked straight into — a trapSVB’s collapse into Federal Deposit Insurance Corp. receivership came suddenly, following a frenetic 44 hours in which its long-established...
11 Mar, 2023, 06.20 PM IST
Silicon Valley Bank's demise began with downgrade threat -sourcesSVB then worked on a plan over the weekend to boost the value of its holdings. It would sell more than $20 billion worth of low-yielding bo...
11 Mar, 2023, 04.54 PM IST
Top VCs in a huddle to discuss Silicon Valley Bank collapse, vow to be 'supportive'Tweeting the statement, Hemant Taneja, CEO, General Catalyst, said: "Several VC leaders met today to discuss the aftermath of SVB's downfal...
11 Mar, 2023, 11.08 AM IST
US government shuts Silicon Valley Bank; Indian SaaS firms mull options to transfer depositsAs the Silicon Valley Bank (SVB) shut operations, venture capital funds checked in with homegrown startups, especially those headquartered ...
11 Mar, 2023, 09.56 AM IST