[ad_1] March 13 (Reuters) – Startup-focused lender SVB Financial Group (SIVB.O) last week became the largest bank to fail since the 2008 financial crisis, sending ripples across the globe as…
Tag: BACT
Malaysia’s Petronas posts higher Q4 profit, sees lower oil prices in 2023
[ad_1] KUALA LUMPUR, March 13 (Reuters) – Malaysia’s state oil firm Petroliam Nasional Berhad (PETR.UL) on Monday posted a 55% jump in quarterly profit on higher energy prices and bigger…
Credit Suisse shares hit new low
[ad_1] ZURICH, March 13 (Reuters) – Credit Suisse (CSGN.S) shares hit a new record low in morning trading on Switzerland’s stock exchange. Bank shares in Europe and Asia plunged on…
Mexican unicorn Clara bags $90 mln in debt financing amid Brazil expansion
[ad_1] SAO PAULO, March 13 (Reuters) – Mexican unicorn Clara has secured $90 million in fresh debt funding led by U.S. debt provider Accial Capital, the company announced on Monday,…
Finance firms with $137 trln urge boards for more environmental data
[ad_1] Biggest-ever backing for annual CDP data request Comes as regulators begin mandating disclosures Data used to assess environmental risks, opportunities LONDON, March 13 (Reuters) – Financial institutions managing $137…
Exclusive: PNC, RBC interest in SVB cools as regulators seek rescue bids
[ad_1] March 12 (Reuters) – Interest from two early suitors for Silicon Valley Bank (SIVB.O) – PNC Financial Group Inc (PNC.N) and Royal Bank of Canada (RY.TO) – had cooled…
India’s Adani prepays $2.15 billion share-backed loans
[ad_1] March 12 (Reuters) – Adani Group said it had completed full prepayment of margin-linked share-backed financing worth $2.15 billion as part of its debt prepayment plan, before its deadline…
Six Hong Kong-listed firms say their deposits at SVB are immaterial
[ad_1] HONG KONG, March 12 (Reuters) – Six Hong Kong-listed companies, mostly Chinese pharmaceutical firms, disclosed cash deposits at Silicon Valley Bank on Sunday, adding that their exposure to the…
Exclusive: Deutsche Bahn bets on Huawei for railway digitalisation despite security concerns
[ad_1] DB chooses Huawei tech for digitalisation of rail network Critics worry could allow Beijing to disrupt railway Comes amid calls to make critical infrastructure more resilient Berlin soon to…
US preparing to stem SVB fallout with ‘material action’-sources
[ad_1] NEW YORK, March 12 (Reuters) – U.S. authorities were preparing “material action” on Sunday to shore up deposits in Silicon Valley Bank and stem any broader fallout from its…