By Greg Bensinger, Anna Tong, Krystal Hu and Jeffrey Dastin (Reuters) -The sudden collapse of Silicon Valley Bank on Friday sent shockwaves through the startup community, which has come to view the le[...]
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March 12, 2023
Futures higher but world markets set for aftershocks as SVB collapse ripples out
By Dhara Ranasinghe and Scott Murdoch SYDNEY (Reuters) -Markets were set for a bumpy ride this week as the fallout from collapsed startup-focused lender Silicon Valley Bank (SVB), the biggest U.S. ban[...]
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China’s February credit grows faster than expected, supporting recovery
By Judy Hua and Kevin Yao BEIJING (Reuters) -China reported unexpectedly strong credit growth for February, with money supply expanding at the fastest pace in nearly 7 years, as Beijing looks to suppo[...]
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Silicon Valley Bank deposits to be available Monday – US officials
WASHINGTON (Reuters) – Silicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday. “Depositors will have access to all of their mone[...]
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Marketmind: Bank on some bumps
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf. Monday could kick off a rocky week in financial markets. A banking blow-up in the U.S. is sparking f[...]
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Payments firm Wise says it has ‘minimal’ exposure to Silicon Valley Bank
By Martin Coulter LONDON (Reuters) -Payments firm Wise became the biggest European company to reveal it held funds in Silicon Valley Bank on Sunday, but a spokesperson said the firm faced “minim[...]
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India’s Adani prepays $2.15 billion share-backed loans
(Reuters) – Adani Group said it had completed full prepayment of margin-linked share-backed financing worth $2.15 billion as part of its debt prepayment plan, before its deadline of March 31. Th[...]
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India tech minister plans to meet startups on SVB fallout
MUMBAI (Reuters) -India’s state minister for technology said on Sunday he will meet start-ups this week to assess the impact on them of Silicon Valley Bank’s collapse, as concerns rise abo[...]
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Government vows aid for tech firms but Israel stocks slide on SVB collapse
By Steven Scheer JERUSALEM (Reuters) – Israeli shares slid more than 4% on the Tel Aviv Stock Exchange (TASE) on Sunday led by financial firms following the failure of SVB Financial Group late l[...]
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