(Reuters) – SVB Financial Group on Monday filed a number of “First Day Motions” to seek authorization from a bankruptcy court to support the operations of the company’s SVB Cap[...]
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March 20, 2023
Stunned Credit Suisse staff fear uncertain future despite UBS rescue deal
By Yantoultra Ngui, Summer Zhen and Selena Li SINGAPORE/HONG KONG (Reuters) – Credit Suisse staff arriving to work in Asian financial centres on Monday morning fretted about retrenchments and re[...]
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Credit Suisse rescue presents ‘buyer beware’ moment for bank bondholders
By Tom Westbrook SINGAPORE (Reuters) – The rudest shock in the rushed deal to save embattled Swiss lender Credit Suisse Group AG was reserved for the holders of the bank’s riskiest tranche[...]
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Kremlin tells officials to stop using iPhones – Kommersant newspaper
MOSCOW (Reuters) -The Kremlin told officials involved in preparations for Russia’s 2024 presidential election to stop using Apple iPhones because of concerns that the devices are vulnerable to W[...]
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Financial or price stability? Fed faces calls to pause
By Paritosh Bansal and Ira Iosebashvili (Reuters) -With the U.S. and European banking crisis wreaking havoc in global markets, some financial industry executives are calling on the Federal Reserve to[...]
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Ex-Goldman CEO Blankfein says bank rout may depress growth, even with robust capital
By Lananh Nguyen NEW YORK (Reuters) -Turmoil in the banking sector will probably weigh on economic growth as lenders become more conservative, former Goldman Sachs Group Inc CEO Lloyd Blankfein said o[...]
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Marketmind: Investors adopt the brace position as banks topple
A look at the day ahead in European and global markets from Wayne Cole During the last big banking crises, an analyst was asked by a TV anchor what position he would recommend for investors? “Fe[...]
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Marketmind: Fed halt being priced as bank blaze smoulders
A look at the day ahead in U.S. and global markets from Mike Dolan Another weekend of financial firefighting has doused the whole interest rate horizon as the banking blaze smoulders. Central banks fa[...]
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Silicon Valley Bank’s parent company cut off from bank’s records
By Dietrich Knauth (Reuters) – SVB Financial, the bankrupt parent company of Silicon Valley Bank, has lost access to its financial records after the bank was placed into receivership by the Fede[...]
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