[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…
Tag: NEWS1
First Republic secures new facility from JPMorgan
[ad_1] March 12 (Reuters) – U.S. private bank First Republic Bank (FRC.N) said on Sunday it had secured additional financing through JPMorgan Chase & Co (JPM.N), giving it access to…
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…
Exclusive: Deutsche Bahn bets on Huawei for railway digitalisation despite security concerns
[ad_1] DB chooses Huawei tech for digitalisation of rail network Critics worry could allow Beijing to disrupt railway Comes amid calls to make critical infrastructure more resilient Berlin soon to…
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…
Aramco’s Nasser says oil market tightly balanced
[ad_1] DUBAI, March 12 (Reuters) – Aramco’s chief executive Amin Nasser said on Sunday the market would remain tightly balanced in the short to medium term, adding that he was…
Saudi sovereign wealth fund near $35 billion deal for Boeing jets, WSJ says
[ad_1] March 11 (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) is close to a deal to order Boeing commercial jets for the fleet of a new national airline, the…