Bank Collapse

The Special Investigation Team of Mumbai Police probing the Ghatkopar hoarding collapse case has found that advertising firm Ego Media allegedly transferred Rs 82 lakh to the bank accounts of some people linked to Arshad Khan

The best short call of 2023 wasn't made by a ruthless hedge fund, a well-known activist firm, or any of the liveliest voices on the sell side. It was made by a first-year medical resident running a blog named after a SpongeBob SquarePants character.

After ending 2023 on a high, crypto investors will be watching central bank interest rates and a US regulatory decision on new bitcoin products as they decide how to place their bets next year. Cryptocurrencies staged a recovery this year after a torrid 2022 in which a market meltdown and a string of scandals, including the collapse of FTX and frau...

Five people died on Tuesday and four more were injured when parts of an old building collapsed on devotees near the Banke Bihari temple here, officials said.

The Federal Reserve Bank of Chicago has blamed the downfalls of BlockFi, Celsius, FTX, Genesis (in partnership with Gemini), and Voyager Digital major reasons behind the ongoing banking crisis in the US. Several crypto firms laid off staff members while the others filed for bankruptcy last year, leading to the outflows of large crypto investments.

US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldman disclosed in a securities filing Thursday.

The overall crypto market grew by 1.65 percent in the last 24 hours. Bitcoin and Ether among other altcoins like Solana, Polygon, and Polkadot saw small gains as a testimony to people’s increased interest in cryptocurrencies after back-to-back collapses of traditional banks in the US. Stablecoins however, did see losses after the US announced ano...

The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.

Razorpay swung into action and began working with its banking partners to help ease the stress among startups.

Raghuram Rajan, the former IMF chief economist who predicted the global financial crisis more than a decade ago - warned that the banking system is headed for more turmoil after the rescues of Silicon Valley Bank and Credit Suisse.

The collapse of Silicon Valley Bank (SVB) was a "textbook case of mismanagement" which requires tougher banking regulation, according to prepared remarks by a top Federal Reserve official.

Not a single startup was adversely effected by the "minor crisis", the Union Minister Ashwini Vaishnaw said describing Indian banking sector as resilient and with healthy balancesheet.

Silicon Valley Bank, the US bank that collapsed earlier this month, will be acquired by First Citizens, the latter announced on Monday. The loans and deposits from Silicon Valley Bank will be acquired by First Citizens, and 17 former branches of SVB will open on Monday as "Silicon Valley Bank, a division of First Citizens Bank."

First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.

Indian shares opened higher on Monday after reports of advanced talks for the acquisition of collapsed Silicon Valley Bank brought relief to markets, although fears of contagion

The Special Investigation Team of Mumbai Police probing the Ghatkopar hoarding collapse case has found that advertising firm Ego Media allegedly transferred Rs 82 lakh to the bank accounts of some people linked to Arshad Khan

The best short call of 2023 wasn't made by a ruthless hedge fund, a well-known activist firm, or any of the liveliest voices on the sell side. It was made by a first-year medical resident running a blog named after a SpongeBob SquarePants character.

After ending 2023 on a high, crypto investors will be watching central bank interest rates and a US regulatory decision on new bitcoin products as they decide how to place their bets next year. Cryptocurrencies staged a recovery this year after a torrid 2022 in which a market meltdown and a string of scandals, including the collapse of FTX and frau...

Five people died on Tuesday and four more were injured when parts of an old building collapsed on devotees near the Banke Bihari temple here, officials said.

The Federal Reserve Bank of Chicago has blamed the downfalls of BlockFi, Celsius, FTX, Genesis (in partnership with Gemini), and Voyager Digital major reasons behind the ongoing banking crisis in the US. Several crypto firms laid off staff members while the others filed for bankruptcy last year, leading to the outflows of large crypto investments.

US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldman disclosed in a securities filing Thursday.

The overall crypto market grew by 1.65 percent in the last 24 hours. Bitcoin and Ether among other altcoins like Solana, Polygon, and Polkadot saw small gains as a testimony to people’s increased interest in cryptocurrencies after back-to-back collapses of traditional banks in the US. Stablecoins however, did see losses after the US announced ano...

The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.

Razorpay swung into action and began working with its banking partners to help ease the stress among startups.

Raghuram Rajan, the former IMF chief economist who predicted the global financial crisis more than a decade ago - warned that the banking system is headed for more turmoil after the rescues of Silicon Valley Bank and Credit Suisse.

The collapse of Silicon Valley Bank (SVB) was a "textbook case of mismanagement" which requires tougher banking regulation, according to prepared remarks by a top Federal Reserve official.

Not a single startup was adversely effected by the "minor crisis", the Union Minister Ashwini Vaishnaw said describing Indian banking sector as resilient and with healthy balancesheet.

Silicon Valley Bank, the US bank that collapsed earlier this month, will be acquired by First Citizens, the latter announced on Monday. The loans and deposits from Silicon Valley Bank will be acquired by First Citizens, and 17 former branches of SVB will open on Monday as "Silicon Valley Bank, a division of First Citizens Bank."

First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.

Indian shares opened higher on Monday after reports of advanced talks for the acquisition of collapsed Silicon Valley Bank brought relief to markets, although fears of contagion