European equities rebound on SVB sale LONDON: European stock markets rebounded slightly Monday after US lender First Citizens bought most of collapsed... Updated 27 Mar, 2023 05:13pm
World Yellen chairs closed US Financial Stability Oversight Council meeting WASHINGTON: U.S. Treasury Secretary Janet Yellen will chair a closed meeting of the Financial Stability Oversight... Published 24 Mar, 2023 08:19pm
Markets Fed delivers small rate hike, says 'some additional' tightening possible Raises interest rates by a quarter of a percentage point Published 22 Mar, 2023 11:13pm
Business & Finance SVB Financial seeks bankruptcy protection for reorganization SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy... Published 17 Mar, 2023 06:37pm
Markets Japan govt, BOJ officials to discuss markets after SVB collapse TOKYO: Japan’s Ministry of Finance (MOF), Financial Services Agency and Bank of Japan (BOJ) said on Friday their... Published 17 Mar, 2023 12:22pm
Markets S&P says SVB fallout won’t lead to rating actions on APAC banks Ratings agency S&P on Thursday said the fallout from Silicon Valley Bank’s collapse may not lead to any rating... Published 16 Mar, 2023 03:06pm
Markets Shares of US regional banks lick wounds after SVB-fueled rout Shares of U.S. regional banks rose in premarket trading on Tuesday after suffering double-digit losses over the past... Published 14 Mar, 2023 05:29pm
Markets JPMorgan, other big US banks flooded with new clients post SVB collapse A wave of customers have applied to shift their accounts to large US banks such as JPMorgan Chase & Co and... Published 14 Mar, 2023 02:13pm
Markets Moody’s downgrades Signature Bank to junk, places six US banks under review Ratings agency Moody’s on Monday downgraded the debt ratings of collapsed New York-based Signature Bank deep into... Published 14 Mar, 2023 11:40am
Markets Global bank stock rout deepens as SVB collapse fans crisis fears Shockwaves from the collapse of Silicon Valley Bank further pounded global bank stocks on Tuesday as assurances from... Published 14 Mar, 2023 11:20am
Business & Finance First Republic dives as fresh financing fails to soothe deposit outflow fears First Republic Bank’s shares plunged on Monday as news of fresh financing failed to assuage investor fears of... Published 13 Mar, 2023 08:08pm
Business & Finance SVB Financial mulls strategic options Defunct startup-focused lender SVB Financial Group said on Monday that it was planning to explore strategic... Published 13 Mar, 2023 06:15pm
Markets Credit Suisse shares sink 14% to new record low ZURICH: Credit Suisse shares plunged by more than 14 percent on Monday to hit a new historic low, as the markets... Published 13 Mar, 2023 03:44pm
Markets Dollar slides as US intervenes on SVB collapse SINGAPORE: The US dollar slid on Monday as authorities stepped in to cap the fallout from the sudden collapse of... Published 13 Mar, 2023 10:26am
Markets JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank JPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial... Published 13 Mar, 2023 10:21am
World Working to address SVB collapse, but not looking at bailout: Yellen WASHINGTON: U.S. Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to... Published 12 Mar, 2023 06:45pm
World British tech sector ‘at serious risk’ after SVB collapse: govt LONDON: Britain’s technology and life sciences sectors are at “serious risk” following the closure of the Silicon... Published 12 Mar, 2023 06:01pm
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points