Tag: Silicon Valley Bank
ECB hawks press case for more rate hikes to fight inflation
ECB hawks from Austria and Belgium support further rate hikes to control persistent eurozone inflation, which stands at 8.5%. Despite recent banking sector turbulence, the central bank raised rates by 50 basis points last week, signaling commitment to fighting price increases.
Malaysian banks rating intact despite US bank failures – RAM Ratings
RAM Ratings assesses Malaysian banking sector's strength, noting less than 25% bond investments and robust regulatory oversight differentiating local banks from SVB's risky investment strategy.
Silicon Valley Bank (SVB) Financial seeks bankruptcy protection as banking turmoil...
Silicon Valley Bank's parent company filed for bankruptcy protection, marking the largest bank collapse since 2008. The move follows regulatory takeover and aims to manage asset sales amid industry uncertainty.
Silicon Valley Bank SVB run exposes rifts in venture capital world
The failure of Silicon Valley Bank exposed deep rifts in the venture capital world, with investors publicly criticizing each other's actions during the bank run. Many VCs urged their portfolio companies to withdraw funds, potentially contributing to the bank's rapid collapse and highlighting internal industry tensions.
Singapore bank stocks hit by Credit Suisse crisis
Singapore bank stocks dropped as global markets reacted to Credit Suisse's financial turmoil and consecutive US bank failures. The Swiss bank's stock plummeted 30% after its largest shareholder declined additional investment, raising concerns about wider financial sector risks and potential systemic instability.
