International Finance News and Updates – International Business Times, Singapore

Was Social Media Responsible for the Collapse of Silicon Valley Bank?

The surge of panic that spread on social media, especially Twitter and WhatsApp, undercut all efforts to capitalize the stressed bank.

Mar 29, 2023

By Jacob J

First Citizens Bank Acquires Silicon Valley Bank; $90 Billion of Securities Under FDIC Receivership

$90 billion worth of securities and other assets of SVB will remain in the receivership by the FDIC.

Mar 27, 2023

By Jacob J

US Banks Sit on Massive $1.7 Trillion of Unrealized Losses; Fears of Contagion Spread

The academic report says that unrealized losses at US banks were at $1.7 trillion at the end of 2022 and that this amount almost equals the banks' total equity of $2.1 trillion.

Mar 24, 2023

By Jacob J

Here's How Much Saudi Arabian and Qatari Investors Lost After Credit Suisse Crash

Gulf investors funded scandal-hit Credit Suisse, which went on to suffer huge losses owing largely due to the mismanagement of credit risk.

Mar 21, 2023

By Jacob J

Nearly 200 US Banks at Risk of SVB-Like Failure Triggered by a Bank Run - Report

The asset value erosion at Silicon Valley Bank (SVB) triggered a spate of withdrawals from uninsured depositors, which in turn created a bank run and eventual collapse of the 16th largest bank in the US.

Mar 20, 2023

By Jacob J

UBS to Buy Crisis-Hit Credit Suisse; New Entity to Control Whopping $5 Trillion in Total Assets

Credit Suisse shareholders will get 1 UBS share for every 22.48 Credit Suisse shares under the deal. The merger will be completed by the end of the year.

Mar 20, 2023

By Jacob J

Banking Giants Pool In $30 Billion to Rescue Crisis-Hit California Bank First Republic

The lender received a $30 billion rescue deal from some of the nation's biggest banks like JPMorgan, Citigroup, Bank of America and Wells Fargo.

Mar 17, 2023

By Jacob J

Swiss National Bank Bails Out Crisis-Hit Credit Suisse to Avert Major Banking Crisis

Earlier on Wednesday, Credit Suisse' shares plunged after Saudi National Bank, which was Credit Suisse's largest investor, refused to offer further financial assistance.

Mar 16, 2023

By Jacob J

$465 Billion Wiped Off Global Banking Stocks Following SVB Collapse - Report

Panic gripped markets following the collapse of Silicon Valley Bank last week, with investors increasingly becoming sceptical of the safety of banking stocks.

Mar 14, 2023

By Jacob J

HSBC Buys Out SVB's UK Arm With £5.5 Billion in Loans and £6.7 Billion in Deposits for Symbolic £1

HSBC is one of the world's biggest banks, and has assets worth nearly $3 trillion under its watch. It's shares were down 3.8% on Monday.

Mar 13, 2023

By Jacob J

Hong Kong Firms' Exposure to SVB Collapse Reaches About $200 Million; HKMA Steps In With Assurance

Beijing-headquartered biotech firm BeiGene, which had about $175 million in deposits at SVB was the worst hit among the Hong Kong-listed companies.

Mar 13, 2023

By Jacob J

Sam Altman, Other Tech Execs Race to Save Startups From 'Extinction' After SVB Collapse

Sam Altman, who runs one of Silicon Valley's hottest companies, bailed out some entrepreneurs from his own pocket.

Mar 12, 2023

By Reuters

Will Elon Musk Buy Failed US Bank SVB? Twitter Chatter Amid FDIC's Frantic Bid to Seal a Merger Deal

The interesting exchange comes amid reports that the FDIC is looking to find an American bank that would merge with the Silicon Valley Bank.

Mar 11, 2023

By Jacob J

Elon musk

Silicon Valley Bank Collapses, Marking Biggest US Bank Failure Since 2008

The tech-focused bank was ranked as the 16th biggest lender in the US at the end of 2022 and had more than $210 billion in assets.

Mar 11, 2023

By Jacob J

Silicon Valley Bank in Trouble After Silvergate; Banking Stocks See $80 Billion Wipeout

SVB's CEO Gregory Becker has reiterated that the bank is well capitalized.

Mar 10, 2023

By Jacob J

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A Democratic vs a Totalitarian State

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International Finance News and Updates – International Business Times, Singapore

Was Social Media Responsible for the Collapse of Silicon Valley Bank?

First Citizens Bank Acquires Silicon Valley Bank; $90 Billion of Securities Under FDIC Receivership

US Banks Sit on Massive $1.7 Trillion of Unrealized Losses; Fears of Contagion Spread

Here's How Much Saudi Arabian and Qatari Investors Lost After Credit Suisse Crash

Nearly 200 US Banks at Risk of SVB-Like Failure Triggered by a Bank Run - Report

UBS to Buy Crisis-Hit Credit Suisse; New Entity to Control Whopping $5 Trillion in Total Assets

Banking Giants Pool In $30 Billion to Rescue Crisis-Hit California Bank First Republic

Swiss National Bank Bails Out Crisis-Hit Credit Suisse to Avert Major Banking Crisis

$465 Billion Wiped Off Global Banking Stocks Following SVB Collapse - Report

HSBC Buys Out SVB's UK Arm With £5.5 Billion in Loans and £6.7 Billion in Deposits for Symbolic £1

Hong Kong Firms' Exposure to SVB Collapse Reaches About $200 Million; HKMA Steps In With Assurance

Sam Altman, Other Tech Execs Race to Save Startups From 'Extinction' After SVB Collapse

Will Elon Musk Buy Failed US Bank SVB? Twitter Chatter Amid FDIC's Frantic Bid to Seal a Merger Deal

Silicon Valley Bank Collapses, Marking Biggest US Bank Failure Since 2008

Silicon Valley Bank in Trouble After Silvergate; Banking Stocks See $80 Billion Wipeout

A Democratic vs a Totalitarian State

A Democratic vs a Totalitarian State

Charting a Responsible Future: Malaysia's National Action Plan on Business and Human Rights 2025-2030

Charting a Responsible Future: Malaysia's National Action Plan on Business and Human Rights 2025-2030

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed