SVB parent accuses FDIC of cutting it off from cash
SVB Financial Group said Tuesday the Federal Deposit Insurance Corporation had taken “improper actions” to cut it off from cash held at ...
Tag: banks
Credit Suisse gold bars, vintage swag for sale after UBS merger deal
Within hours of its state-backed takeover by UBS Group being announced, memorabilia bearing lender Credit Suisse’s name and logo was being put up for ...
Dow gains as investors weigh bank risks, Fed rate-hike pause
The S&P 500 and the Dow Jones gained on Monday as a state-backed rescue of embattled lender Credit Suisse helped ...
Warren Buffett in talks with WH over banking crisis: report
Billionaire investor Warren Buffett reportedly engaged in talks with top members of the Biden administration as turmoil engulfed the US ...
First Republic shares drop 18% amid fears of banks failing
Shares of First Republic Bank were down nearly 20% in pre-market trading on Monday after credit rating agency Standard & ...
New York Community Bank agrees to buy failed Signature Bank in $2.7B deal
New York Community Bank will buy a major portion of Signature Bank, a large lender for tristate businesses, in a $2.7 ...
UBS agrees to buy troubled Credit Suisse for more than $2B to ‘secure financial stability’
UBS, Switzerland’s largest bank, has agreed to buy rival Credit Suisse for more than $2 billion in an emergency deal ...
Silicon Valley Bank UK arm gives $18M in bonuses
Silicon Valley Bank’s UK subsidiary doled out over $18 million in bonuses this week—just days after HSBC swooped in as ...
Nearly 200 banks could fail the same way SVB did: study
Nearly 200 more banks may be vulnerable to the same type of risk that took down Silicon Valley Bank: The value ...
Goldman Sachs lost $200M in recent US banking chaos
Goldman Sachs has taken a major financial hit after the implosion of Silicon Valley Bank and other embattled lenders prompted ...
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