Search For "silicon valley bank"
Regulatory standards for failed Silicon Valley Bank "were too low", finds
Updated : 2 years, 10 months ago IST
Regulatory standards for the recently failed Silicon Valley Bank in the US "were too low" and the supervision did not work with sufficient force and urgency, a review of the supervision and regulation of the bank led by US Federal Reserve Vice Chair for Supervision Michael S Barr found.
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Indian banking system less prone to SVB-like incidents: Ministry of Financ
Updated : 2 years, 10 months ago IST
The collapse of a few regional banks in the US, which started with Silicon Valley Bank, and the takeover of the crisis-hit Credit Suisse Bank by the Union Bank of Switzerland (UBS) have sent ripples across the global banking industry and posed fears of a contagion effect across economies.
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Finance Ministry, RBI officials to depose before parliamentary panel on im
Updated : 2 years, 11 months ago IST
Sources said that the panel is to discuss global financial developments and how it impacts a country like India which is taking huge strides forward as a big player in promoting Startups.
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US regulatory system 'failed' to prevent SVB collapse: Fed official
Updated : 2 years, 11 months ago IST
"I think that anytime you have a bank failure like this, bank management clearly failed, supervisors failed and our regulatory system failed," the Fed's vice chair for supervision Michael Barr told the House Financial Services Committee.
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First Citizens Bank acquires deposits and loans of failed Silicon Valley B
Updated : 2 years, 11 months ago IST
The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of recently failed US-based Silicon Valley Bridge Bank by First-Citizens Bank and Trust Company, Raleigh, North Carolina.
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Sitharaman reviews public sector banks amid volatility in US banking syste
Updated : 2 years, 11 months ago IST
This review meet comes amid volatility in the US banking system due to the recent collapse of Silicon Valley Bank and some other banks in contagion.
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Key indices surge tracking strong global cues; Fed meeting in focus
Updated : 2 years, 11 months ago IST
BSE Sensex gained 257 points to 58,331.90 while NSE Nifty surged 28 points to 17,138 on Wednesday morning.
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Amid SVB-led crisis, India plans to onshore innovations to Gujarat's GIFT
Updated : 2 years, 11 months ago IST
As Silicon Valley Bank-led crisis in the US banking system and contagion effect on some others in a matter of just a week arose, India's International Financial Services Centres Authority (IFSCA) has constituted an expert committee to formulate a roadmap to onshore the Indian innovation to G
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Indian stocks in green with focus on US monetary policy outcome
Updated : 2 years, 11 months ago IST
Sensex and Nifty settled 0.7-0.8 per cent higher than the previous session, with most of the Nifty sectoral indices rising.
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Bitcoin's epic rally defies SVB shutdown: 3 AI cryptos emerge as industry'
Updated : 2 years, 11 months ago IST
New Delhi [India], March 21 (ANI/ATK): In the wake of the Silicon Valley Bank collapse, the cryptocurrency market displays unprecedented resilience, with AI-driven cryptocurrencies emerging as the industry's leading players.
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Crypto investors get some lessons from US Banks fallout; Diversified inves
Updated : 2 years, 11 months ago IST
New Delhi [India], March 21 (ANI/ATK): The recent collapse of Silicon Valley Bank and other US banks has left many investors in the crypto market wondering how much damage will be wrought on the already volatile market. This event serves as a reminder to investors that they must conduct thei
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Nansens Content Chief explains why USDC faces uncertainty; Newer coins a b
Updated : 2 years, 11 months ago IST
New Delhi [India], March 21 (ANI/ATK): The USDC debacle highlights the risks of investing in stablecoins and the importance of transparency and accountability in the crypto market. USDC, a stablecoin issued by Circle, faced scrutiny after its value fell below its peg to the U.S. dollar. T
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