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May 26, 2023 01:10 PM IST Traditional banking, the play of forbearance, funding and cash flow characteristics, all combine to make Indian banks less vulnerable than their US counterparts
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May 25, 2023 04:24 PM IST First Citizens Bank of Raleigh, North Carolina, said it was cutting about 500 jobs, or about 3% of its workforce.
- May 22, 2023 05:42 PM IST
The root cause of the failure of banks and financial institutions has been poor governance and management, and the pursuit of short-term business while ignoring embedded risks. Risk management and compliance management have not received attention despite the regulatory thrust and imperatives
- May 16, 2023 08:03 AM IST
“The messaging from the Federal Reserve was that interest rates would remain low and that the inflation that was starting to bubble up would only be ‘transitory,’” Becker said in written testimony prepared for a US Senate Banking Committee hearing Tuesday focused on Silicon Valley Bank and Signature Bank, both of which were seized by regulators in March.
- May 04, 2023 09:11 AM IST
This could be an appropriate time to start portfolio construction as Fed commentary suggests that some of the financial stability concerns are abating
- May 03, 2023 07:49 AM IST
Gregory Becker, who led SVB from 2011 until its collapse in March, is scheduled to testify on May 16. Scott Shay and Eric Howell, the former chair and president of Signature Bank, which also failed in March, are to appear the same day, the committee said in a press release late Tuesday.
- May 02, 2023 02:14 PM IST
“I want to take that capability globally,” Quinn said in an interview with Bloomberg Television on Tuesday. “I’m also setting up teams in other parts of the world that are the equivalents of SVB in the UK. So we bought a business in the UK, but I want to create that capability globally.”
- May 01, 2023 05:55 PM IST
More capital would make future disasters much less likely
- April 25, 2023 01:11 PM IST
Indian banks appear well-placed to handle any stress emanating from the current tightening cycle.
- April 19, 2023 11:04 AM IST
The 76-year-old finds baffling the SVB management’s decision to put about half of its deposits in hold-till-maturity bonds having 'pitifully' low yields. 'How could anyone have thought rates that low were more likely to hold steady or fall than rise,' says Marks
- April 13, 2023 10:14 AM IST
The funding winter is presenting a unique opportunity for homegrown venture capital firms to shine
- March 28, 2023 03:48 PM IST
SVB's failure is a textbook case of mismanagement, Michael Barr, the Feds vice chair for supervision, said in written testimony that will be delivered Tuesday at a hearing of the Senate Banking Committee.
- March 28, 2023 01:53 PM IST
Is the worst of the global banking crisis behind us? Jim Rogers, Author of Street Smarts: Adventures on the Road and in the Markets and Chairman of Rogers Holdings shares his views on the Silicon Valley Bank (SVB) collapse and Credit Suisse turmoil, and on global central banks, and their attempts to tame soaring inflation. In an exclusive interview with Moneycontrol’s Senior Consulting Editor, N Mahalakshmi, he also shares his thoughts on where India stands when compared to other emerging markets and whether gold holds more clout over equities as an asset class at the current juncture. Watch!
- March 28, 2023 08:45 AM IST
Markets look set for a positive start tracking positive global handover as Silicon Valley Bank's assets deal lifted Wall Street On Monday. SGX Nifty indicates positive opening for the broader index in India. In the bunch of stocks we will be addressing infrastructure stocks' order win, Vedanta's dividend, Kalyan Jewellers' block deal, Emami's buyback, Aditya Birla Capital's stake sale amongst others. Catch Nickey Mirchandani in conversation with Pritesh Mehta, Senior Vice President, Research at Yes Securities and Anil Rego, Founder & CEO, Right Horizons.
- March 27, 2023 02:18 PM IST
Ashwini Vaishnaw, Minister for IT and Communications, also noted the rapid strides taken by India in areas of Artificial Intelligence (AI) and quantum computing.
- March 27, 2023 11:16 AM IST
First Citizens Bank submitted a bid for SVB immediately after its collapse and was also active in the data room the Federal Deposit Insurance Corporation (FDIC) set up for another sale process
- March 27, 2023 10:27 AM IST
India's market capitalization currently stands at $2.99 trillion, a level last seen on 23 June 2022. It is currently ranked sixth among the top 10 most valued countries.
- March 27, 2023 08:27 AM IST
Helping nerves were reports First Citizens BancShares Inc was in advanced talks to acquire Silicon Valley Bank from the Federal Deposit Insurance Corp.
- March 24, 2023 06:28 AM IST
Citizens, one of the largest U.S. regional banks, is preparing to submit an offer in the auction of the business, which is called SVB Private, the sources said.
- March 23, 2023 02:15 PM IST
The US Federal Reserve, on March 22, hiked key interest rates by 25 bps, taking it between 4.75 percent and 5 percent. Experts believe the Reserve Bank of India is likely to hike the repo rate by 25 bps in April.
- March 21, 2023 03:34 PM IST
After a tumultuous 10 days which culminated in the 3 billion Swiss franc ($3.2 billion) Swiss-regulator-engineered takeover of Credit Suisse by its rival UBS, attention has now shifted to this week's meeting of the U.S. Federal Reserve.
- March 20, 2023 03:06 PM IST
For India, the fallout so far has – like for most other emerging markets – been fairly limited
- March 20, 2023 01:46 PM IST
The Fed repeatedly warned the bank that it had problems, according to a person familiar with the matter.
- March 20, 2023 01:46 PM IST
India's benchmark Sensex fell 1.49% or 865 points to 57124 points while Nifty lost 1.53% or 265 points to 16834 points.
- March 21, 2023 06:43 AM IST
There are important lessons for Indian banks on risk management and concentration risk from the unfolding global banking crisis
