Pocket FM Secures $16 Million in Debt Funding from Silicon Valley Bank
Audio series platform Pocket FM has raised $16 million, or around Rs 131 crore, in debt financing from Silicon Valley Bank, which First Citizens Bank...
Tag : Silicon Valley Bank
JPMorgan Buys Embattled First Republic Bank After Being Seized by Regulators
First Republic Bank has been taken over by regulators and is set to be bought by JPMorgan Chase & Co, as rescue efforts fail to...
Top US Banks Exceed Earnings Estimates on Rising Interest Rates
Asia’s Nikkei reported that top US banks delivered solid quarterly profit growth on Friday, beating analysts’ expectations, as the sector’s biggest lenders shrugged off the...
Mphasis Shares Rise on Clarification of No Exposure to Collapsed US Banks
Mphasis shares climbed in early trading on March 29 after the company clarified that it had no exposure to the three US banks that have...
Venture Capitalists Ask Startups to Keep Money with New SVB Amid Crisis
Venture capitalists have primarily kept a promise they made the day after the bank’s precipitous collapse that they would continue to do business with the...
Silicon Valley Bank Financial Must Wait to Recover $2 Billion from FDIC
The former owner of Silicon Valley Bank, which was taken over by regulators earlier this month, will have to wait several months to know whether...
Credit Suisse and UBS Under Pressure to Merge
Credit Suisse Group AG began a make-or-break weekend as regulators urged it to strike a deal with Swiss rival UBS AG, with some rivals turning...
Wall Street Stocks Slid Sharply, Indices Saw Weekly Gains
Wall Street closed lower on Friday after a turbulent week, mainly as dark clouds gathered about an ongoing crisis in the banking sector and a...
11 US Banks Announce $30 Billion Bailout for First Republic Bank
The United States eleven biggest banks declared a $30 billion rescue package for First Republic Bank to save the California-based bank from becoming the third...
Banks Rush to Borrow $164.8 Billion from Fed to Boost Liquidity
Banks borrowed a combined $164.8 billion from the Fed’s two support facilities in the latest week, a sign of escalating funding pressures following the Silicon...