By Hyunsu Yim SEOUL (Reuters) – South Korean K-pop pioneer SM Entertainment Co Ltd is poised to fall under the grip of social media giant Kakao Corp after HYBE Co Ltd, the agency representing bo[...]
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March 12, 2023
SVB’s investment banking arm explores buying lender back, Bloomberg News reports
(Reuters) -The managers of Silicon Valley Bank’s investment banking arm, SVB Securities, are exploring ways to buy the collapsed lender back from its parent company, Bloomberg News reported on S[...]
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Hedge funds offering to buy startup deposits stuck at Silicon Valley Bank -Semafor
(Reuters) -Hedge funds are offering to buy startup deposits stranded at Silicon Valley Bank (SVB) for as little as 60 cents on the dollar, Semafor reported on Saturday, citing people familiar with the[...]
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Biden speaks with California governor about Silicon Valley Bank – White House
WASHINGTON (Reuters) – U.S. President Joe Biden spoke with California Governor Gavin Newsom on Saturday about the Silicon Valley Bank failure and efforts to address the situation, the White Hous[...]
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FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News says
(Reuters) – The Federal Deposit Insurance Corporation (FDIC), which is overseeing the emergency breakup of SVB Financial Group, is racing to sell assets and make a portion of clients’ unin[...]
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