The deal will include the purchase of $38.4 billion in Signature Bank's assets, a little more than a third of Signature's total when the bank failed a week ago
Bigger banks are injecting funds into First Republic in a bid to shore up confidence in the banking system
SVB became the largest bank to fail since the 2008 financial crisis
Credit Suisse enters a crucial weekend with UBS ready for acquisition talks
US authorities launched emergency measures on Sunday to shore up confidence in the banking system after the recent failures threatened major financial crisis
Razer CEO Min-Liang Tan suggested that Twitter should consider buying SVB and turning it into a digital bank
The Credit Suisse crisis comes in the wake of Silicon Valley Bank’s collapse less than a week ago
Silicon Valley Bank saw their biggest one-day drop on record as they plunged by more than 60% and lost another 20% in after-hours trade.
Foreign Institutional Investors (FIIs) were net buyers in the capital market on Friday as they purchased shares worth Rs 246.24 crore, according to exchange...
On Wednesday, the rupee settled at 82.49 against the US dollar
In initial trade, the rupee also touched a low of 82.71 against the American currency. On Friday, the rupee closed at 82.82 against the US currency
On Wednesday, the rupee appreciated 8 paise to close at 81.80 against the dollar after Finance Minister Nirmala Sitharaman presented the Union Budget for...
Rupee vs Dollar: At the interbank foreign exchange, the domestic unit opened at 81.29 against the dollar, registering a rise of 9 paise over its previous close
The positive trajectory in the growth trend and improved fundamentals will help the nation in neutralising the impact of global headwinds which are expected to...
The overall reserves had dropped by $571 million to $563.499 billion in the previous reporting week, snapping a five-week trend of an increase in the kitty
Rupee vs Dollar: In the previous session on Friday, the rupee dipped 3 paise to close at 82.82 against the dollar.
This is the fourth consecutive week of rise in the reserves. In the previous reporting week, the overall reserves had grown by $2.9 billion to $550.14 billion
At the interbank foreign exchange, the domestic unit opened at 82.34 against the dollar, then gained further ground to touch 82.28, registering a rise of 19...
On Wednesday, the rupee rose by 42 paise to close at 81.30 against the US dollar, on month-end exporter dollar selling and MSCI rebalancing related inflows.
Rupee vs Dollar: In the previous session on Monday, the rupee rose 3 paise to end at 81.68 against the dollar.
Rupee vs Dollar: In the previous session on Friday, the rupee weakened by just one paisa to end at 81.71 against the dollar.
Aided by the strengthening US dollar, more and more non-resident Indians (NRIs) are looking at the current favourable real estate market conditions in India...
Keeping a portion of your foreign expenses for your travel or education beforehand can give you a hedge against rupee depreciation
Foreign currency assets declined $2.8 billion on-week to $468.87 billion
Since India is largely a consumption-driven economy, the weakening rupee and high inflation rates, are expected to impact not just growth levels but even the...
