[ad_1] OSLO, March 13 (Reuters) – The collapse of Silicon Valley Bank (SVB) and some other U.S. banks is unlikely to impact Sweden’s financial stability, Sweden’s financial watchdog said on…
Tag: MCE
Italy says hopes EU acts to shore up banks if needed, after SVB collapse
[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,…
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…
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…
Garbage piles up in Paris as Macron vows to push through pension reform
[ad_1] PARIS, March 10 (Reuters) – Garbage piled up in Paris streets and fuel deliveries were blocked from refineries as workers continued rolling strikes against pension reform but President Emmanuel…
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…
Wall St Week Ahead: Inflation data on deck for markets hit by worries about Fed, banks
[ad_1] NEW YORK, March 10 (Reuters) – A critical inflation report next week will test a U.S. stock market already consumed by worries over Federal Reserve hawkishness and potential fallout…
Cathie Wood’s ARK Fund set for worst week since Sept as higher rates loom
[ad_1] NEW YORK, March 10 (Reuters) – Big declines in holdings including Tesla Inc and 2U Inc are leaving star stock picker Cathie Wood’s flagship ARK Innovation Fund (ARKK.P) on…