SVB
July 9 (Reuters) – SVB Financial Group (SIVBQ.PK) has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion the regulator seized during its takeover of the failed Silicon Valley Bank in March, according to a filing in a bankruptcy court on Sunday.
April 28 (Reuters) – The Federal Reserve on Friday blamed the deregulatory zeal that occurred during the Trump era for contributing to the second-largest bank failure in U.S. history, appearing to take a clear stand on an acrimonious policy divide in Washington. Amid the turmoil that Silicon Valley Bank’s implosion unleashed on the financial system […]
By Vivek Iyer In a world characterized by uncertainty underscored by frosty Sino-American relations, the Ukraine conflict, supply chain bottlenecks, and increased regionalisation, market imperfections have only increased, contributing to rising inflation globally. Inflation was initially thought to be transient and was expected to pass. Most central bankers globally initially took this view and expected […]
March 31 (Reuters) – Deposits at all U.S. commercial banks fell in the week ended March 22 to their lowest since August, but at a slower rate than the week before, and stabilized at small lenders seen as more vulnerable to outflows after the failure of Silicon Valley Bank. Data released on Friday by the […]
LONDON, March 27 (Reuters) – The Frankfurt-listed shares of several mid-tier U.S. lenders rose sharply on Monday, after a buyer emerged for large chunks of embattled Silicon Valley Bank’s deposits and loans, which helped inject some much-needed calm into fragile markets. Shares in Pacific West Bancorp surged 16% in thin volumes in Frankfurt, while those […]
March 19 (Reuters) – UBS AG is asking the Swiss government to cover about $6 billion in costs if it were to buy rival Credit Suisse, a person with knowledge of the talks said, as the two sides raced to hammer together a deal to restore confidence in the ailing Swiss bank . . .
March 15 (Reuters) – Regulators at the U.S. Federal Deposit Insurance Corp (FDIC) have asked banks interested in acquiring failed lenders Silicon Valley Bank and Signature Bank to submit bids by March 17, people familiar with the matter said on Wednesday. The new auctions show how the FDIC is making a concerted effort to return […]
March 14 (Reuters) – Bruised U.S. bank stocks regained some ground on Tuesday, as a sell-off sparked by Silicon Valley Bank’s collapse gave way to bargain-hunting by investors hopeful that efforts to shore up confidence would avert a wider financial crisis. Regulatory scrutiny of SVB’s demise last week – the largest U.S. bank failure since […]
LONDON/SINGAPORE, March 14 (Reuters) – The dollar edged higher in calmer trading on Tuesday, after tumbling on Monday following the collapse of Silicon Valley Bank (SVB). Tuesday’s consumer price index (CPI) figures, due out at 8.30 a.m. ET (1230 GMT), have the potential to drive further volatility in global markets. They come a day after […]
The U.S. Bureau of Labor Statistics will release inflation data for February on Tuesday morning as investors continue to process the fallout from the collapse of Silicon Valley Bank and assess what it means for the broader economy. Forecasts were for a 12-month headline inflation reading of 6%, down from 6.4% in January. Before SVB […]