SVB Financial Group filed for chapter 11 protection on Friday in New York bankruptcy court, the largest bankruptcy filing stemming from a bank failure since Washington Mutual Inc. in 2008.
Silicon Valley Bank, the technology-focused lender and SVB Financial’s primary business, was taken over by federal regulators after it was crippled by a dash for the exits by depositors. The Federal Reserve stepped in to make depositors whole and reassure markets, although a number of other regional banks in the U.S. have seen their credit ratings cut and depositors pull cash.
The utility industry is facing disruption: As citizens increasingly transition to electric vehicles and adopt renewable energy sources, utility c
Cooper Companies Inc CCOO raised its annual revenue forecast on Thursday, after beating Wall Street estimates for quarterly sales on the back of strong demand
Northern Ireland is a hot spot for engineering firms of all specialties from computer hardware manufacturing to industrial development. The sector is one of the
The United Kingdom is home to thousands of cybersecurity companies. They make up a sector contributing to public and national security while also drawing the g