Regulator takes control of Silicon Valley Bank’s Canadian branch

[ad_1] March 12 (Reuters) – A Canadian banking regulator on Sunday said it was taking temporary control of Silicon Valley Bank’s (SIVB.O) unit in the country, as the fallout from…

Regulators close Signature bank, announce plan to make depositors whole

[ad_1] March 12 (Reuters) – New York state’s Department of Financial Services said on Sunday it has taken possession of New York-based Signature Bank (SBNY.O) and appointed the U.S. Federal…

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…

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…

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…

Israel stocks slip on SVB failure, government vows aid for tech firms

[ad_1] JERUSALEM, March 12 (Reuters) – Israeli bank and insurance company shares were more than 2.5% lower on the Tel Aviv Stock Exchange (TASE) on Sunday following the failure of…

SVB’s investment banking arm explores buying lender back, Bloomberg News reports

[ad_1] March 11 (Reuters) – The managers of Silicon Valley Bank’s (SIVB.O) investment banking arm, SVB Securities, are exploring ways to buy the collapsed lender back from its parent company,…

Circle assures market after stablecoin USDC breaks dollar peg

[ad_1] LONDON, March 11 (Reuters) – Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday before recovering most of its losses after Circle,…

UK finance minister and Bank of England work to contain SVB fallout

[ad_1] LONDON, March 11 (Reuters) – Britain’s finance ministry and the Bank of England are working together to minimise the disruption that could stem from a collapse of the UK…

Bank of London weighs rescue bid for Silicon Valley Bank’s UK arm – Sky News

[ad_1] March 11 (Reuters) – British clearing bank The Bank of London is considering a rescue bid for the UK arm of collapsed U.S. bank Silicon Valley Bank (SIVB.O), Sky…