SVB collapse unleashes Treasury volatility, whiplashing investors
Extreme volatility is rattling US Treasury markets in the wake of Silicon Valley Bank’s (SIVB.O) collapse and investors fear a prolonged bout of gyrations before calm returns to ...
US bank regulators may take wait-and-see approach before intervening again
US regulators are likely to let emergency measures announced Sunday to shore up investor confidence in the banking sector sink in and increase scrutiny of the industry before intervening with ...
Global bank stock rout deepens as SVB collapse fans crisis fears
Shockwaves from the collapse of Silicon Valley Bank further pounded global bank stocks on Tuesday as assurances from President Joe Biden and other policymakers did little to calm markets and ...
Factbox: Which companies are affected by SVB collapse?
Startup-focused lender SVB Financial Group (SIVB.O) last week became the largest bank to fail since the 2008 financial crisis, sending ripples across the globe as billions of dollars belonging to ...
Hedge funds stand to lap up bearish profits from bank stock rout
Hedge funds ended last week positioned to scoop up winning profits from bearish positions on bank stock falls, according to a note by Goldman Sachs sent to clients late on ...
First Republic tumbles as fresh financing fails to soothe deposit outflow fears
First Republic Bank’s shares (FRC.N) more than halved in premarket trading on Monday as news of fresh financing failed to reassure investors days after SVB Financial Group’s (...
Biden pledges ‘whatever needed’ for US system as banks hit by SVB fallout
Bank stocks around the world plunged on Monday even as President Joe Biden vowed to take whatever action was needed to ensure the safety of the U.S. banking system, ...
Signature Bank becomes next casualty of banking turmoil after SVB
State regulators closed New York-based Signature Bank SBNY.O on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank SIVB.O ...
As banks break, markets hear the sound of peaking rates
Investors scrambled to pull down global rate expectations on Monday and abandoned wagers on steep US hikes next week, reckoning the biggest American bank failure since the financial crisis will ...
European bank stocks plunge again as SVB market turmoil continues
Bank shares in Europe and Asia plunged on Monday as the collapse of startup-focused Silicon Valley Bank continued to batter markets, while US large banks failed to hold onto a ...
Experts flag moral hazard risk as US intervenes in SVB crisis
US regulators may have stemmed a banking crisis by guaranteeing deposits of collapsed Silicon Valley Bank (SVB), but some experts warn that the move has encouraged bad investor behaviour.
Following ...
Bank rescue buys stability at a high price
The biggest US banks are so tied up in regulatory red tape that they couldn’t cause a crisis if they tried. The 16th largest, though? That’s a different ...
Tech execs race to save startups from ‘extinction’ after SVB collapse
Technology executives, prominent venture capitalists and founders including OpenAI CEO Sam Altman raced this weekend to keep alive companies caught up in the collapse of Silicon Valley Bank (SIVB.O).
...
Silicon Valley Bank’s fall widens systemic cracks as cheap money vanishes
Cracks are appearing in the global financial system as the decade-long era of cheap money ends, with some investors worrying the shock collapse of Silicon Valley Bank signals world markets ...
Explainer: What caused Silicon Valley Bank’s failure?
SVB Financial Group Inc’s (SIVB.O) shutdown and takeover by banking regulators on Friday can be traced to the US Federal Reserve raising interest rates and souring the risk ...
US weighs new fund to backstop deposits if more banks fail
The US Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into ...
UK races to minimise damage from Silicon Valley Bank collapse
British finance minister Jeremy Hunt said on Sunday he was working with Prime Minister Rishi Sunak and Bank of England Governor Andrew Bailey to “avoid or minimise damage” resulting from ...
Silicon Valley Bank is largest failure since 2008 crisis, billions stranded (update1)
Startup-focused lender SVB Financial Group SIVB.O became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of ...
Cyprus Business Now
Hellenic Bank this week announced that it has issued a new €200 million Tier 2 Subordinated bond under the EMTN Programme.
According to the announcement, the bond was issued at its nominal ...
Silicon Valley Bank scrambles to reassure clients after 60 per cent stock wipe-out
SVB Financial Group (SIVB.O) scrambled on Thursday to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60 per cent and ...
Inflation scare over? The case for and against sticky inflation
Two years after inflation began its rapid ascent, investors, economists and policymakers remain divided on the path ahead.
Yes, headline inflation across major developed economies has retreated from multidecade highs, ...
Credit Suisse equities business under the microscope after revenue crash
Equities revenue plummeted 95 per cent in the fourth quarter
Bank earlier informally looked at options for unit
Bank declines to comment on ‘rumours and speculation’
At the grandiose Fontainebleau Miami ...
Cyprus Business Now
The Cyprus Computer Society this week released a statement congratulating Deputy Minister of Research, Innovation and Digital Policy Philippos Hadjizacharias for his recent appointment to the role.
“The Cyprus Computer ...
Putin’s cellist friend moved millions through Swiss bank accounts
A concert cellist linked to Vladimir Putin moved millions through Swiss bank accounts without any proper checks, prosecutors will allege on Wednesday, in a case that highlights the murky financial ...