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HSBC buys failed Silicon Valley Bank's UK arm for just 1 pound
Updated : 3 years ago IST
The UK arm of failed Silicon Valley Bank has been bought by HSBC Holdings plc for just 1 pound (USD 1.21), HSBC announced Monday.
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China's 'Digital Silk Road' in Africa, US raises questions on spying
Updated : 3 years ago IST
A group of US lawmakers recently drafted a resolution criticizing South Africa's government for its close relations with Beijing, including its use of Chinese technology, and called on President Joe Biden to review Americans' relationship with Pretoria, South Africa, Global Security reported
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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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Clothsvilla introduces a new range of customised and semi-stitched Lehenga
Updated : 3 years ago IST
New Delhi [India], March 13 (ANI/PNN): Clothsvilla, an online women's ethnic clothing brand based in Surat, Gujarat, has announced the launch of a new range of customised and semi-stitched Lehengas of supreme quality and excellent craftsmanship. The brand was founded with the sole mission of
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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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US bails out SVB depositors, says will get all their money back
Updated : 3 years ago IST
"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.
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Oscars 2023: Lady Gaga makes stunning entry in a see-through black gown
Updated : 3 years ago IST
Singer Lady Gaga made heads turn on Oscars 2023 red carpet with her glamorous look. She arrived at the Dolby Theatre on Monday wearing a black gown with a sheer corset bodice and a drop-waist silhouette.
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US Treasury Secretary Yellen rules out bailout for bankrupt Silicon Valley
Updated : 3 years ago IST
"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.
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Electric car batteries perform better with polymer coating: Research
Updated : 3 years ago IST
A conductive polymer covering known as HOS-PFM, developed by Berkeley Lab researchers, may enable more potent, long-lasting lithium-ion batteries for electric vehicles.
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