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Goldman Sachs Being Probed Over Silicon Valley Bank Collapse
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.
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US Fed Reserve Admits To Own Failure In Identifying Startup Bank Troubles
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.
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How Razorpay Helped Over 80 Indian Startups, Moved Over Rs 60 Crores To India After SVB Collapse In Just 10 Days
Razorpay swung into action and began working with its banking partners to help ease the stress among startups.
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"Textbook Case Of Mismanagement": Top Official On Silicon Valley Bank
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.
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Silicon Valley Bank to Be Acquired by First Citizens After Biggest US Bank Collapse Since 2008
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."
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Nifty, Sensex Open Higher As SVB Acquisition Talks Bring Relief
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
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Opinion: Lessons For RBI In Silicon Valley Bank Crisis?
Let us stop this shameful travesty. In any fair society, it is unfair to ask the weakest to take the greatest risk and to bear the heaviest financial burden.
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186 US Banks At Risk Of Silicon Valley Bank-Like Collapse: Study
After the collapse of the Silicon Valley Bank, a new study has found that 186 US banks are at the risk of facing a similar fate. The major reasons for this are rising interest rates and high proportion of uninsured deposits, said the report.
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Actor Sharon Stone Claims She Lost Half Her Money In Recent Banking Crisis
Actor Sharon Stone recently revealed that she was financially affected because of the recent banking crisis in the United States.
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SVB Financial, Silicon Valley Bank Parent, Files For Bankruptcy Protection
The parent firm of US lender Silicon Valley Bank has filed for bankruptcy, nearly a week after US authorities swooped in and seized the bank's assets following a run on deposits, which made it no longer tenable.
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TCS, Infosys Have Highest Exposure to US Regional Banks, Says JP Morgan After SVB Collapse
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at JP Morgan said on Friday.
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Indian Startups Have Deposits of About $1 Billion in Silicon Valley Bank: MoS IT Rajeev Chandrasekhar
Indian startups had deposits worth about $1 billion (roughly Rs. 8,250 crore) with embattled Silicon Valley Bank and the MoS IT Rajeev Chandrasekhar said he had suggested that local banks lend more to them going ahead.
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Ex-CEO Of Silicon Valley Bank Spotted In Hawaii Where He Owns $3.1 Million Home
As per the report, Greg Becker and his wife Marilyn Bautista have escaped to their Maui townhouse worth $3.1 million.
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Indian Startups Have Deposits Worth $1 Billion In SVB: Minister
Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country's deputy IT minister said he had suggested that local banks lend more to them going ahead.
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USDC Investors Pulled $3 Billion From Stablecoin in Three Days, Circle Says
USDC investors rushing to redeem their holdings in the wake of the collapse of Silicon Valley Bank resulted in $3 billion (roughly Rs. 24,840 crore) being pulled from the stablecoin, according to Circle. Users will soon be able to automatically redeem USDC through a new banking relationship with Cross River Bank, and Circle says it will continue ef...
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Goldman Sachs Being Probed Over Silicon Valley Bank Collapse
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.
-
US Fed Reserve Admits To Own Failure In Identifying Startup Bank Troubles
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.
-
How Razorpay Helped Over 80 Indian Startups, Moved Over Rs 60 Crores To India After SVB Collapse In Just 10 Days
Razorpay swung into action and began working with its banking partners to help ease the stress among startups.
-
"Textbook Case Of Mismanagement": Top Official On Silicon Valley Bank
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.
-
Silicon Valley Bank to Be Acquired by First Citizens After Biggest US Bank Collapse Since 2008
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."
-
Nifty, Sensex Open Higher As SVB Acquisition Talks Bring Relief
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
-
Opinion: Lessons For RBI In Silicon Valley Bank Crisis?
Let us stop this shameful travesty. In any fair society, it is unfair to ask the weakest to take the greatest risk and to bear the heaviest financial burden.
-
186 US Banks At Risk Of Silicon Valley Bank-Like Collapse: Study
After the collapse of the Silicon Valley Bank, a new study has found that 186 US banks are at the risk of facing a similar fate. The major reasons for this are rising interest rates and high proportion of uninsured deposits, said the report.
-
Actor Sharon Stone Claims She Lost Half Her Money In Recent Banking Crisis
Actor Sharon Stone recently revealed that she was financially affected because of the recent banking crisis in the United States.
-
SVB Financial, Silicon Valley Bank Parent, Files For Bankruptcy Protection
The parent firm of US lender Silicon Valley Bank has filed for bankruptcy, nearly a week after US authorities swooped in and seized the bank's assets following a run on deposits, which made it no longer tenable.
-
TCS, Infosys Have Highest Exposure to US Regional Banks, Says JP Morgan After SVB Collapse
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at JP Morgan said on Friday.
-
Indian Startups Have Deposits of About $1 Billion in Silicon Valley Bank: MoS IT Rajeev Chandrasekhar
Indian startups had deposits worth about $1 billion (roughly Rs. 8,250 crore) with embattled Silicon Valley Bank and the MoS IT Rajeev Chandrasekhar said he had suggested that local banks lend more to them going ahead.
-
Ex-CEO Of Silicon Valley Bank Spotted In Hawaii Where He Owns $3.1 Million Home
As per the report, Greg Becker and his wife Marilyn Bautista have escaped to their Maui townhouse worth $3.1 million.
-
Indian Startups Have Deposits Worth $1 Billion In SVB: Minister
Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country's deputy IT minister said he had suggested that local banks lend more to them going ahead.
-
USDC Investors Pulled $3 Billion From Stablecoin in Three Days, Circle Says
USDC investors rushing to redeem their holdings in the wake of the collapse of Silicon Valley Bank resulted in $3 billion (roughly Rs. 24,840 crore) being pulled from the stablecoin, according to Circle. Users will soon be able to automatically redeem USDC through a new banking relationship with Cross River Bank, and Circle says it will continue ef...
