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      Management's failure to deal with risks sank Silicon Valley Bank

Management's failure to deal with risks sank Silicon Valley Bank

One of the most prominent lenders in the world of technology startups, Silicon Valley Bank, which was struggling,...

      
      US may default on debt as soon as June 1, Yellen reaffirms

US may default on debt as soon as June 1, Yellen reaffirms

"With additional information now available, I am writing to note that we still estimate that Treasury will likely...


      
      SVB, Signature Bank execs set to testify before Senate this week

SVB, Signature Bank execs set to testify before Senate this week

Federal regulators were first called to answer questions about the bank collapses from the Senate Banking Committee...

      
      Banking system remains resilient, solid: US Fed's Michelle Bowman

Banking system remains resilient, solid: US Fed's Michelle Bowman

Last Friday, Silicon Valley Bank was collapsed while on Sunday, Signature Bank too had to be closed.

      
      President Biden says US banking system safe

President Biden says US banking system safe

"Small businesses across the country that had accounts at Silicon Valley Bank and Signature Bank can breathe...


      
      Shares of US regional banks plummet by 75 pc

Shares of US regional banks plummet by 75 pc

Shares of bigger banks were less affected, but not immune. Citigroup and Wells Fargo fell over 4 per cent, Bank...


      
      Indian stocks fall sharply over selloff in banking and financials

Indian stocks fall sharply over selloff in banking and financials

Stock indices in India declined sharply to start the fresh week, pulled down by a sharp dip in banking and...


      
      Savings of depositors safe, says US after two banks collapse

Savings of depositors safe, says US after two banks collapse

Silicon Valley Bank collapsed on Friday, while New York-based Signature Bank was closed by the state regulators on...

      
      Biden to brief on banking system in US

Biden to brief on banking system in US

US President Joe Biden on Monday morning (local time) will deliver remarks on how his government will maintain a...


      
      Signature Bank becomes 2nd US-based bank to collapse within week

Signature Bank becomes 2nd US-based bank to collapse within week

New York-based Signature Bank was closed by the state regulators, becoming the second US bank after Silicon Valley...

      
      US bails out SVB depositors, says will get all their money back

US bails out SVB depositors, says will get all their money back

"Depositors will have access to all of their money starting Monday, March 13. No losses associated with the...
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