Search For "silicon"
Unrestricted access given to subsidiaries to cash held at crisis-hit SVB:
Updated : 3 years ago IST
Listed mobile gaming company Nazara Technologies on Wednesday said two of its step-down subsidiaries Kiddopia Inc and Mediawrkz Inc have been given unrestricted access to the entire amount of Rs 64 crore that was held at failed Silicon Valley Bank.
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Banking system remains resilient, solid: US Fed governer Michelle Bowman a
Updated : 3 years ago IST
Last Friday, Silicon Valley Bank was collapsed while on Sunday, Signature Bank too had to be closed.
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Loylty Rewardz confirms SVB is not a current investor in the company
Updated : 3 years ago IST
Mumbai (Maharashtra) [India], March 14 (ANI/BusinessWire India): Recent news articles suggest that Silicon Valley Bank is still an investor in Loylty Rewardz Mngt Pvt Ltd among other Indian start-ups. Loylty has refuted this information stating it as outdated and inaccurate. According to Loy
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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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Fed's Vice Chair for Supervision Michael Barr to lead review of failed Sil
Updated : 3 years ago IST
The Federal Reserve Board on Monday (local time) announced that Vice Chair for Supervision Michael S Barr is leading a review of the supervision and regulation of failed Silicon Valley Bank.
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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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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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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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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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