[ad_1] ROME, March 13 (Reuters) – Italy’s Economy Minister Giancarlo Giorgetti is closely watching market developments following the collapse of the Silicon Valley Bank (SVB), the ministry said on Monday,…
Tag: ECON
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…
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…
UK plans 11 billion sterling business tax break in budget, Bloomberg reports
[ad_1] March 11 (Reuters) – British finance minister Jeremy Hunt will hand businesses a three-year tax break worth 11 billion pounds ($13.23 billion) by replacing the UK’s investment allowance with…
Reactions to Silicon Valley Bank meltdown
[ad_1] March 10 (Reuters) – California banking regulators on Friday closed SVB Financial Group (SIVB.O), the largest bank failure since the financial crisis, moving quickly to protect depositors as a…
Canada govt to present 2023-24 budget on March 28, finance minister says
[ad_1] OTTAWA, March 10 (Reuters) – Canada’s federal government will present its budget for fiscal year 2023-24 on March 28, Finance Minister Chrystia Freeland said on Friday. “Our government is…
SVB exploring sale as crisis triggers global banking rout
[ad_1] U.S., European banks sell off for second day Banks’ bond holdings in focus as central banks hike rates Treasury monitoring developments; investors fear ‘systemic risk’ SVB memo tells employees…
SVB turmoil a sign of pain coming from end of easy-cash era
[ad_1] LONDON, March 10 (Reuters) – The easy-cash era is over and its impact is only just being felt by world markets yet to see the end of the sharpest…