Credit Suisse flags ‘material weaknesses’ in reporting, outflows not reversed

[ad_1] Delayed annual report released Auditors PwC included “adverse opinion” on bank’s internal controls Outflows “not yet reversed” ZURICH, March 14 (Reuters) – Credit Suisse (CSGN.S) said in its 2022…

SVB a casualty in ‘battle between fire and ice’ against inflation, bankers hear

[ad_1] LONDON, March 14 (Reuters) – The dramatic collapse of Silicon Valley Bank and the market turmoil it unleashed is part of the “battle between fire and ice” in global…

JPMorgan, other big U.S. banks flooded with new clients post SVB collapse-FT

[ad_1] March 14 (Reuters) – Large U.S. banks like JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) are being inundated with requests from customers trying to transfer funds from…

Silicon Valley Bank collapse: What you need to know

[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…

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…

Fitch downgrades and withdraws Signature Bank’s ratings

[ad_1] March 13 (Reuters) – Rating agency Fitch on Monday downgraded Signature Bank’s (SBNY.O) long-term corporate ratings to ‘D’ from ‘BBB+’ after state regulators closed the New York-based bank on…

Analysis: As banks break, markets hear the sound of peaking rates

[ad_1] SINGAPORE, March 13 (Reuters) – Investors scrambled to pull down global rate expectations on Monday and abandoned wagers on steep U.S. hikes next week, reckoning the biggest American bank…

Canada’s tech start ups face financing hurdles with SVB collapse

[ad_1] TORONTO, March 13 (Reuters) – Last week’s sudden collapse of Silicon Valley Bank (SVB) could choke funding for Canada’s technology start-ups and place them in the hands of domestic…

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…