Investors brace for hard landing as banking woes stoke recession fears
Fears of a recession are growing on Wall Street, as stress in the banking sector following the collapse of Silicon Valley Bank and worries over the fate of Credit Suisse ...
Cypriot banks say no exposure to Credit Suisse (Updated)
President Nikos Christodoulides and Finance Minister Makis Keravnos are in constant contact with the governor of the Cyprus Central Bank as of Thursday, following a 30 per cent slump in shares ...
Euro, Swiss franc recover a touch as market mood improves, traders await ECB meet
The euro and Swiss franc regained some lost ground on Thursday, as markets reacted positively to the Swiss central bank’s support for Credit Suisse, ahead of a difficult meeting ...
Kedipes reports record inflows of €439 mln for 2022
State-owned Cyprus Asset Management Company (Kedipes) on Wednesday reported record cash inflows of €439 million for 2022, as well as a state aid repayment amount of €310 million, since the company’s creation ...
Credit Suisse secures $54 bln lifeline as authorities rush to avert global bank crisis
Credit Suisse CSGN.S on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its ...
Four CySEC licensed companies banked with SVB and Signature Bank
Four companies licensed by the Cyprus Securities and Exchange Commission (CySEC) banked with Silicon Valley Bank (SVB) and Signature Bank, the two US banks which recently collapsed, according to statements ...
SVB collapse: risk of contagion to Cypriot economy is limited
The collapse of Silicon Valley Bank has reverberated around the world, sending shockwaves through the global economy, with numerous companies in the US, Europe and the Asia-Pacific region being directly ...
NatWest limits customers’ crypto transfers, citing scam concerns
Britain’s NatWest (NWG.L) has imposed new limits on the daily and monthly amount customers can send to cryptocurrency exchanges, seeking to protect consumers from “crypto-criminals”, the bank said ...
SVB collapse unleashes Treasury volatility, whiplashing investors
Extreme volatility is rattling US Treasury markets in the wake of Silicon Valley Bank’s (SIVB.O) collapse and investors fear a prolonged bout of gyrations before calm returns to ...
US bank regulators may take wait-and-see approach before intervening again
US regulators are likely to let emergency measures announced Sunday to shore up investor confidence in the banking sector sink in and increase scrutiny of the industry before intervening with ...
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 President Joe Biden and other policymakers did little to calm markets and ...
Factbox: Which companies are affected by SVB collapse?
Startup-focused lender SVB Financial Group (SIVB.O) last week became the largest bank to fail since the 2008 financial crisis, sending ripples across the globe as billions of dollars belonging to ...
Hedge funds stand to lap up bearish profits from bank stock rout
Hedge funds ended last week positioned to scoop up winning profits from bearish positions on bank stock falls, according to a note by Goldman Sachs sent to clients late on ...
First Republic tumbles as fresh financing fails to soothe deposit outflow fears
First Republic Bank’s shares (FRC.N) more than halved in premarket trading on Monday as news of fresh financing failed to reassure investors days after SVB Financial Group’s (...
Biden pledges ‘whatever needed’ for US system as banks hit by SVB fallout
Bank stocks around the world plunged on Monday even as President Joe Biden vowed to take whatever action was needed to ensure the safety of the U.S. banking system, ...
Signature Bank becomes next casualty of banking turmoil after SVB
State regulators closed New York-based Signature Bank SBNY.O on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank SIVB.O ...
As banks break, markets hear the sound of peaking rates
Investors scrambled to pull down global rate expectations on Monday and abandoned wagers on steep US hikes next week, reckoning the biggest American bank failure since the financial crisis will ...
European bank stocks plunge again as SVB market turmoil continues
Bank shares in Europe and Asia plunged on Monday as the collapse of startup-focused Silicon Valley Bank continued to batter markets, while US large banks failed to hold onto a ...
Experts flag moral hazard risk as US intervenes in SVB crisis
US regulators may have stemmed a banking crisis by guaranteeing deposits of collapsed Silicon Valley Bank (SVB), but some experts warn that the move has encouraged bad investor behaviour.
Following ...
Bank rescue buys stability at a high price
The biggest US banks are so tied up in regulatory red tape that they couldn’t cause a crisis if they tried. The 16th largest, though? That’s a different ...
Tech execs race to save startups from ‘extinction’ after SVB collapse
Technology executives, prominent venture capitalists and founders including OpenAI CEO Sam Altman raced this weekend to keep alive companies caught up in the collapse of Silicon Valley Bank (SIVB.O).
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Silicon Valley Bank’s fall widens systemic cracks as cheap money vanishes
Cracks are appearing in the global financial system as the decade-long era of cheap money ends, with some investors worrying the shock collapse of Silicon Valley Bank signals world markets ...
Explainer: What caused Silicon Valley Bank’s failure?
SVB Financial Group Inc’s (SIVB.O) shutdown and takeover by banking regulators on Friday can be traced to the US Federal Reserve raising interest rates and souring the risk ...
US weighs new fund to backstop deposits if more banks fail
The US Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into ...