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 / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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