Trends - SVB Financial Group - Business Recorder

SVB Financial Group

SVB agrees to sell its investment banking division

NEW YORK: SVB Financial Group said on Sunday it has entered into an agreement to sell its investment banking...

Published 19 Jun, 2023 06:55am

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

Business & Finance

Credit Suisse slides in Europe bank rout as SVB fallout grows

European bank stocks slumped on Wednesday, with embattled Credit Suisse tumbling as much as 30% to another record...

Published 15 Mar, 2023 09:33pm

Business & Finance

Moody’s changes outlook on US banking system to ‘negative’

Moody’s Investors Service on Tuesday revised its outlook on the US banking system to “negative” from “stable”,...

Updated 15 Mar, 2023 02:23pm

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

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

Markets

Aussie dollar slips, bonds enjoy biggest rally in a decade as RBA cuts priced in

SYDNEY: The Australian dollar eased on Tuesday on souring risk appetite, while bonds posted their biggest rally in...

Published 14 Mar, 2023 10:22am

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

Indian shares hit 5-month low as banks drag; await inflation data

BENGALURU: Indian shares fell to a five-month low on Monday, dragged by a selloff in financial stocks, as the...

Published 13 Mar, 2023 05:06pm

World

UK finance minister says SVB rescue necessary to protect UK tech

LONDON: Finance minister Jeremy Hunt said on Monday the rescue of SVB’s UK arm by HSBC was necessary to help protect...

Published 13 Mar, 2023 03:30pm

Markets

Biden to defend US banking system after SVB, Signature collapse

WASHINGTON: President Joe Biden will on Monday address a banking crisis that led US regulators to step in with a...

Published 13 Mar, 2023 12:06pm

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

Business & Finance

Silicon Valley Bank’s demise began with downgrade threat

In the middle of last week, Moody’s Investors Service Inc delivered alarming news to SVB Financial Group, the parent...

Published 11 Mar, 2023 04:17pm

Business & Finance

Silicon Valley Bank is largest failure since 2008 crisis, billions stranded

Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on...

Published 11 Mar, 2023 01:52pm

Business & Finance

Crypto firm Circle reveals $3.3bn exposure to Silicon Valley Bank

U.S. cryptocurrency firm Circle has $3.3 billion of its $40 billion of USD Coin reserves at the collapsed lender...

Published 11 Mar, 2023 01:41pm

World

US lawmakers met Fed, FDIC to discuss Silicon Valley Bank’s collapse

US lawmakers met with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the...

Published 11 Mar, 2023 01:37pm

World

What caused Silicon Valley Bank’s failure?

NEW YORK: SVB Financial Group Inc’s shutdown and takeover by banking regulators on Friday can be traced to the U.S....

Updated 11 Mar, 2023 06:51pm

Business & Finance

China venture of collapsed US lender SVB says its corporate structure is sound

SHANGHAI: The Chinese joint venture of failed U.S. lender SVB Financial Group said on Saturday it has a sound...

Published 11 Mar, 2023 10:30am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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SVB Financial Group

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