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    • A year later, lessons from Silicon Valley Bank’s epic collapse

      That call never happened. “They didn’t show up because it was the day that Silicon Valley Bank went under and one of their main banking partners was SVB,” Vogel said.

    • HSBC relaunches SVB UK as 'innovation' division

      The division, headed by former SVB UK boss Erin Platts, will include HSBC's newly-formed innovation teams in Hong Kong, Israel and the United States.

    • Why an SVB-type crisis is unlikely in India

      Traditional banking, the play of forbearance, funding and cash flow characteristics, all combine to make Indian banks less vulnerable than their US counterparts

    • Acquirer of Silicon Valley Bank announces layoffs at the failed institution; no impact on team based in India

      First Citizens Bank of Raleigh, North Carolina, said it was cutting about 500 jobs, or about 3% of its workforce.

    • Failure of Banks and Financial Institutions: Regulators can only have a roadside view of risks

      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

    • SVB’s former CEO says Fed, social media contributed to bank’s collapse

      “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.

    • Fed policy: Is the end in sight for the rate hike cycle?

      This could be an appropriate time to start portfolio construction as Fed commentary suggests that some of the financial stability concerns are abating

    • Former SVB chief Greg Becker is set to testify to senate on bank collapses

      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.

    • HSBC CEO Noel Quinn says SVB UK will form core of new global tech unit

      “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.”

    • If the banking crisis offers one lesson, let it be this

      More capital would make future disasters much less likely

    • Stable banking system, RBI regulations help avert SVB-like crisis in India: Finmin

      Indian banks appear well-placed to handle any stress emanating from the current tightening cycle.

    • Comparisons between 2008 financial crisis and SVB collapse superficial, says Howard Marks

      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

    • Start-up Street: Looking beyond Silicon Valley for capital 

      The funding winter is presenting a unique opportunity for homegrown venture capital firms to shine

    • Fed official: SVB itself was main cause of bank's failure

      SVB's failure is a textbook case of mismanagement,” Michael Barr, the Fed’s vice chair for supervision, said in written testimony that will be delivered Tuesday at a hearing of the Senate Banking Committee.

    • LIVE: Jim Rogers Exclusive | Global banking crisis, era of high interest rates, view on India & more

      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!

    • Market Live: Will SVB’s deal keep the markets up for second consecutive session | Opening Bell

      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.

    • Govt's immediate steps ensured Indian startups were not adversely impacted by SVB crisis: Ashwini Vaishnaw

      Ashwini Vaishnaw, Minister for IT and Communications, also noted the rapid strides taken by India in areas of Artificial Intelligence (AI) and quantum computing.

    • First Citizens Bank buys deposits & loans of SVB: 7 things to know about the bank holding company

      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

    • India's mcap drops below $3 trillion for the first time in nine months

      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.

    • Asia shares skittish as banks face default stress

      Helping nerves were reports First Citizens BancShares Inc was in advanced talks to acquire Silicon Valley Bank from the Federal Deposit Insurance Corp.

    • Citizens Financial eyes bid for SVB's private bank, sources say

      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.

    • Fed may hike rate again but RBI will pause after a 25 bps April hike, say economists

      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.

    • Banking stocks steady after Credit Suisse rescue as focus turns to Fed, US banks

      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.

    • Banking crisis unlikely to spare Asia growth but Indian banks fit to fight it out

      For India, the fallout so far has – like for most other emerging markets – been fairly limited

    • Before collapse of Silicon Valley Bank, the Fed spotted big problems

      The Fed repeatedly warned the bank that it had problems, according to a person familiar with the matter.

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