First Citizens Sues HSBC for Allegedly Poaching SVB Staff
First Citizens BancShares Inc, the acquirer of Silicon Valley Bank (SVB) after its collapse, has filed a lawsuit against HSBC Holdings PLC, alleging that HSBC...
Tag : Silicon Valley Bank (SVB)
First Republic Bank’s Depositors Withdraw $100 Billion, Share Hits New Low
First Republic Bank’s stock dropped over 50% to a record low on Tuesday after the firm disclosed that depositors withdrew more than $100 billion during...
India’s Mcap Falls Below $3 Trillion for First Time in 9-Months
India’s market capitalisation fell below $3 trillion for the first time in nine months, mainly due to persistent selling pressure from instability in the US...
Loans to Silicon Valley Bank Insiders Tripled to $219 Million Before Collapse
As Silicon Valley Bank deteriorated late last year and regulators began to point out internal flaws in its risk management, the bank opened its credit...
SVB’s Collapse Puts Softbank’s Startup Funding Under Investors’ Spotlight
As the world weighs the fallout from the Silicon Valley bank’s collapse, investors are casting wary eyes on SoftBank Group Corp, the startup’s biggest backer...
Indian Govt Bonds Soar, SVB Collapse Sparks Doubts Over Fed Rate Hike
Indian government bonds strengthened sharply, especially with shorter maturities, as US bond yields plummeted as investors flocked to the safety of US bonds after the...
Nazara Tech Shares Plunge 7% on Ties to Crisis-Hit Silicon Valley Bank
Shares of Nazara Technologies plunged 7% ahead of the market opening on March 13 after news that two subsidiaries of the Indian gaming platform held...