(Reuters) – British finance minister Jeremy Hunt will hand businesses a three-year tax break worth 11 billion pounds ($13.23 billion) by replacing the UK’s investment allowance with a temp[...]
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March 11, 2023
US lawmakers met Fed, FDIC to discuss Silicon Valley Bank’s collapse – Coindesk
(Reuters) – U.S. lawmakers met with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the collapse of SVB Financial Group, Coindesk reported on Saturday citing a[...]
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Who is Greg Becker, the head of failed Silicon Valley Bank?
By Hannah Lang (Reuters) -Greg Becker, the chief executive officer who presided over the collapsed Silicon Valley Bank, joined the company three decades ago as a loan officer. The executive cut his te[...]
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Elon Musk exercises options to acquire 10,500 Tesla shares – filing
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk has exercised options to acquire 10,500 shares of the electric-vehicle maker, U.S. securities filing showed on Friday. (This story has bee[...]
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SVB CEO Becker addresses employees with ‘heavy heart’ in video
By Lananh Nguyen and Pete Schroeder NEW YORK (Reuters) -Greg Becker, the chief executive of SVB Financial Group, sent a video message to employees acknowledging the “incredibly difficult”[...]
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After Silicon Valley Bank’s shutdown, uninsured depositors face tense wait
By Pete Schroeder WASHINGTON (Reuters) – Silicon Valley Bank’s high level of uninsured deposits helped kick off the run that led to the bank’s closing down, and now any of those depo[...]
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CEO of failed Silicon Valley Bank no longer a director at SF Fed
By Michael S. Derby (Reuters) – The chief executive officer of failed Silicon Valley Bank, Greg Becker, is no longer on the board of directors at the Federal Reserve Bank of San Francisco. Becke[...]
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Brazil fiscal framework to include rule to track spending, says Haddad
BRASILIA (Reuters) – Brazil’s finance chief said the government’s eagerly awaited fiscal framework would include a new rule to monitor spending but without addressing public debt, in[...]
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Moody’s downgrades credit ratings on Silicon Valley Bank, SVB Financial
(Reuters) – Rating’s agency Moody’s on Friday downgraded the ratings of SVB Financial Group and its bank subsidiary, Silicon Valley Bank. Moody’s slashed its credit ratings on[...]
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