[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,…
Tag: NEWS1
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…
Italy shaken by earthquake close to city of Perugia
[ad_1] ROME, March 9 (Reuters) – A powerful earthquake shook a region of central Italy close to the city of Perugia on Thursday afternoon. An initial report from the European…
Exclusive: Chip equipment maker ASML’s suppliers eye Asia plants outside China amid tensions
[ad_1] HANOI/AMSTERDAM, March 10 (Reuters) – Suppliers to Dutch chip-making machines giant ASML Holding NV (ASML.AS) are considering building plants in Southeast Asia instead of China amid political tensions between…
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…
Bank of England seeks to wind up Silicon Valley Bank’s UK arm
[ad_1] LONDON, March 10 (Reuters) – The Bank of England said on Friday that it was seeking a court order to place Silicon Valley Bank UK Limited into an insolvency…
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…
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…
Yellen defends request for $29 bln increase in IRS enforcement funds
[ad_1] WASHINGTON, March 10 (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday defended a Biden administration budget request for an additional $29.1 billion in IRS enforcement funds as Republicans…