"Small businesses across the country that had accounts at Silicon Valley Bank and Signature Bank can breathe easier knowing they'll be able to pay their workers. It won't cost taxpayers a dime. This is paid for with the fees that banks pay into Deposit Insurance Fund," said Biden.
Stock indices in India declined sharply to start the fresh week, pulled down by a sharp dip in banking and financial stocks following the collapse of two US banks in a matter of two-to-three days.
Sonipat (Haryana) [India], March 13 (ANI/OP Jindal University): Global economy now depends on the contributions of Global South. More than half of global growth is now attributable to them. The economic and financial took a steep dive in 2022 and is showing semblance of bouncing back strong.
Mumbai (Maharashtra) [India], March 13 (ANI/BusinessWire India): Pocket HRMS, India's best smHRt HRMS (HR management software) has announced a strategic partnership with Bengaluru-based fintech Fi Money to fuel its mission to Digitalize entire spectrum of Human Resource Management for Digita
US President Joe Biden on Monday morning (local time) will deliver remarks on how his government will maintain a resilient banking system after two US-based banks collapsed and were closed by regulators in a matter of two-to-three days.
"Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer," read the statement.
"And the reforms that have been put in place mean that we're not going to do that again. But we are concerned about depositors and are focused on trying to meet their needs," she added.
Bhanu will be based in Mumbai, reporting to the CEO of Citi India, Ashu Khullar, according to a statement from Citi released on Thursday. He replaces Tushar Vikram, who becomes the global head of health care for CCB.
Pune (Maharashtra) [India], March 9 (ANI/NewsVoir): To help borrowers get a loan against their gold jewellery, Bajaj Finserv offers gold loans starting just 0.83 per cent per month. These loans range from Rs. 5,000 to Rs 2 crore and can be availed by pledging 22-karat gold jewellery.
Mumbai (Maharashtra) [India], March 8 (ANI/SRV): On the 24th of February 2023 at Hotel Taj Santacruz, Mumbai, Sapphire Connect made an endeavor to get in-depth insights on how the Indian BFSI sector is making strides in digital transformation with payments at the core and increase in the var
Dubai [UAE], March 7 (ANI/PRNewswire): Al Etihad Credit Bureau (AECB), a company that provides information and analytics to support credit decisions, has announced a strategic collaboration with Nova Credit, the world's leading consumer-permissioned credit bureau, to enable newcomers to leve
Addressing the post-Budget webinar on "Enhancing Efficiency of the Financial Services for Creating Growth Opportunities" in a video message on Tuesday, the Prime Minister emphasised that as today's India is moving with new capabilities, the responsibility of those in the financial world of I