World

Fed in spotlight as US authorities focus on stability, First…

Posted by March 22, 2023

March 22 (Reuters) - U.S. authorities are set to explore ways to bolster financial stability, along with steps to tackle the problems facing First Republic Bank

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Credit Suisse rescue eases crisis fears, First Republic shares dive

Posted by March 20, 2023

March 20 (Reuters) - Shares of U.S. lender First Republic tumbled nearly 50% on Monday on fears it will need a second rescue to stay afloat, bucking a broader r

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Silicon Valley Bank’s parent company cut off from bank’s records

Posted by March 20, 2023

March 19 (Reuters) - SVB Financial (SIVB.O), the bankrupt parent company of Silicon Valley Bank, has lost access to its financial records after the bank was pla

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Dollar gains in safe-haven buying as Credit Suisse sparks wider…

Posted by March 15, 2023

NEW YORK/LONDON, March 15 (Reuters) - The dollar rose on Wednesday on safe-haven buying after Credit Suisse's stock tumbled following the disclosure of "weaknes

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Credit Suisse leads Europe bank stock rout after short-lived SVB…

Posted by March 15, 2023

March 15 (Reuters) - Europe's bank stocks came under pressure again on Wednesday, with Credit Suisse (CSGN.S) tumbling to a new low, as investors continued to w

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Silicon Valley Bank ‘conducting business as usual’, new CEO says

Posted by March 14, 2023

March 13 (Reuters) - Silicon Valley Bank's new boss Tim Mayopoulos on Monday told clients that the lender is open and conducting business as usual, according to

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Investors tiptoe back into US bank stocks, regulators probe SVB…

Posted by March 14, 2023

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-hunti

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Etsy, other e-commerce companies feel squeeze of SVB collapse

Posted by March 13, 2023

NEW YORK, March 13 (Reuters) - Etsy (ETSY.O) on Monday resumed payments to merchants with Silicon Valley Bank accounts after the e-commerce platform paused thei

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Biden promises ‘whatever needed’ for U.S. bank system as SVB…

Posted by March 13, 2023

March 13 (Reuters) - Bank stocks around the world plunged on Monday even as President Joe Biden vowed to take whatever action was needed to ensure the safety of

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World markets set for aftershocks as SVB collapse ripples out

Posted by March 12, 2023

LONDON, March 12 (Reuters) - Markets were set for a bumpy ride this week as the fallout from collapsed startup-focused lender Silicon Valley Bank (SVB), the big

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