Silicon Valley Bank layoffs may end up impacting close to 3 per cent of the total workforce with India being insulated for now
In India, the high-risk AT1 bonds have been in the news ever since Yes Bank decided to write-off around bonds worth Rs 8,400 crore as part of its restructuring plan
SVB, the 16th largest bank in the United States, was closed last Friday by the California Department of Financial Protection and Innovation, which later appointed the FDIC as its receiver
Since the Global Financial Crisis (GFC) in 2008, more than 500 small banks have failed in the US alone – in not a single case has a depositor been asked to take a haircut
Das, without naming the US bank, said that on the face of it, one of them had unmanageable deposits in excess of their assets side business
The abrupt failure of SVB last week had left many startups, tech companies, entrepreneurs and VC funds nervous and jittery about their deposits
The Fed official, Michael Barr, the nation's top banking regulator, said during a Senate Banking Committee hearing that the Fed is considering whether stronger bank rules are needed to prevent a similar bank failure in the...
Credit ratings issued by agencies present just one way of looking at a company's financial health and should not be seen as investment ideas in itself
On Sunday, Signature Bank was shut by the state regulators making it the third largest failure in U.S. banking history
The president, speaking from the White House shortly before a trip to the West Coast, said he’d seek to hold those responsible accountable, and pressed for...
