[ad_1] March 14 (Reuters) – Shockwaves from the collapse of Silicon Valley Bank pounded global bank stocks on Tuesday as assurances from President Joe Biden and other policymakers failed to…
Tag: BACT
Analysis: Some U.S. banks facing stock rout may need to seek partners
[ad_1] NEW YORK, March 14 (Reuters) – Some U.S. regional banks are under pressure after the collapse of two lenders within days, with industry executives and advisers saying they could…
Silicon Valley Bank ‘conducting business as usual’, new CEO says
[ad_1] 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 a letter…
Volkswagen picks Canada for first battery cell plant outside Europe
[ad_1] Move comes shortly after Scout plant announcement Plant in Canada can also qualify for IRA subsidies BASF also picked Canada for EV battery materials plant WOLFSBURG, Germany, March 13…
Vodafone plans to cut 1,000 jobs in Italy, almost a fifth of total
[ad_1] MILAN, March 13 (Reuters) – Vodafone (VOD.L) said on Monday it plans to shed 1,000 jobs in Italy — almost a fifth of its total workforce in the country…
Swiss regulator monitoring banks and insurers after SVB collapse
[ad_1] ZURICH, March 13 (Reuters) – Swiss financial regulator FINMA on Monday said it was seeking to identify any potential contagion risks for the country’s banks and insurers following the…
Credit risk surges as investors fear bank failures threaten markets
[ad_1] NEW YORK, March 13 (Reuters) – Credit risk indicators flashed red on Monday, as investors worried about contagion risks across corporate debt markets after the collapse of Silicon Valley…
Germany imposes moratorium on German SVB branch
[ad_1] FRANKFURT, March 13 (Reuters) – Germany’s financial regulator BaFin on Monday said it was imposing a moratorium on the German branch of Silicon Valley Bank in the wake of…
Charles Schwab tumbles as drop in margin balances fans concerns after SVB collapse
[ad_1] March 13 (Reuters) – Charles Schwab (SCHW.N) on Monday reported a 28% decline in average margin balances and a 4% fall in total client assets for February, piling more…