(Reuters) - Shares of SVB Financial Group tumbled 40% in premarket trading on Friday, piling on to steep losses logged a day earlier after the embattled lender's plans for a capital-raise fueled ...
Martin Gruenberg could not have picked a more prescient time to flag risks in the U.S. banking industry. On Monday, the chairman of the Federal Deposit Insurance Corporation (FDIC)—the agency that ...
A sharp rise in the interest rates meant that “an accident was waiting to happen”, Kotak Mahindra Bank Chief Executive Officer Uday Kotak said on March 10, referring to the Silicon Valley Bank (SVB) ...
The demise of Sillicon Valley Bank (SVB) led to the share prices of far larger and more consequential banks tumbling, despite the rescue of the stricken bank in the UK being organised quickly. The ...
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