[ad_1] March 13 (Reuters) – Defunct startup-focused lender SVB Financial Group (SIVB.O) said on Monday that it was planning to explore strategic alternatives for its businesses including the holding company,…
Tag: Biz
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…
SC Biz News brings home South Carolina press awards
[ad_1] Publications by SC Biz News recently got great results at the annual South Carolina Press Association Awards which were announced March 10 in Columbia. The staff of the Columbia…
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…
Factbox: Which companies are affected by SVB collapse?
[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…
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…