Search For "collapse"
Decline in Indian stocks continue on US banking sector crisis contagion
Updated : 3 years ago IST
Stock indices in India continue to decline, pulled down by a sharp dip in almost all sectoral indices, particularly the PSU bank following the collapse of two US banks in a matter of two-to-three days.
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President Biden says American banking system remains safe following collap
Updated : 3 years ago IST
"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.
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Shares of US regional banks plummet by 75 pc
Updated : 3 years ago IST
Shares of bigger banks were less affected, but not immune. Citigroup and Wells Fargo fell over 4 per cent, Bank of America fell over 3 per cent, and JPMorgan Chase dipped by around 1 per cent. The KBW bank index, which tracks the performance of 24 major banks, fell 10 per cent, adding to
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Indian stock indices fall sharply over selloff in banking and financials
Updated : 3 years ago IST
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.
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Three promising coins for huge returns by the end of this year: Dogetti, S
Updated : 3 years ago IST
New Delhi [India], March 13 (ANI/ATK): It has been a fairly rough period for crypto enthusiasts lately with the FTX crash, Stricter Regulations (to the extent of bans) being imposed on the cryptocurrency market in various countries across the world and the most recent Silvergate Collapse. Am
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Savings of depositors safe, says US after two banks collapse
Updated : 3 years ago IST
Silicon Valley Bank collapsed on Friday, while New York-based Signature Bank was closed by the state regulators on Sunday (local time), becoming the second US bank to have collapsed.
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After 2nd US bank collapses, Biden to brief today on maintaining banking s
Updated : 3 years ago IST
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.
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USISPF's Startup Connect Statement on Silicon Valley Bank Crisis
Updated : 3 years ago IST
New Delhi [India], March 13 (ANI/BusinessWire India): In light of the sudden collapse of Silicon Valley Bank, Dr Mukesh Aghi, President and CEO of the US-India Strategic Partnership Forum's Startup Connect Program thanks the U.S. Federal Reserve, the Federal Deposit Insurance Corporation (FD
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New York's Signature Bank collapses, becomes 2nd US bank to be shut down
Updated : 3 years ago IST
New York-based Signature Bank was closed by the state regulators, becoming the second US bank after Silicon Valley Bank to have collapsed in a matter of less than a week.
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MoS Rajeev Chandrasekhar to meet Indian startups to discuss Silicon Valley
Updated : 3 years ago IST
Union minister Rajeev Chandrasekhar said he will meet Indian startups this week to understand the impact of SVB Financial's collapse on them and how the government can help during the crisis.
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SVB bankruptcy created 'major crisis' in tech industry, says Israel's PM N
Updated : 3 years ago IST
The SVB collapse has sent ripples across the tech industry in the United States, the United Kingdom and other countries, including Israel, where the tech lender has branches.
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Delhi: Building collapses in Bhajanpura area, no casualties reported
Updated : 3 years ago IST
No casualties have been reported after a building in the Bhajanpura area of the national capital collapsed on Wednesday afternoon, the fire director said.
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