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US Mulling Expansion of Insurance on All Bank Deposits - Reports
The US Treasury Department is considering options to insure all deposits if the banking crisis gets worse, which may require funds from the Exchange Stabilization Fund, since any other means of emergency funding must be approved by the Congress, Bloomberg reported on Tuesday, citing sources with knowledge of the talks
News / Test Dummy Writer - 1 year ago
Pension Funds Across Globe Lose Millions of Dollars Due to SVB Collaps ..
Pension funds around the world lost millions of dollars as a result of the collapse of Silicon Valley Bank (SVB), US media reported on Tuesday
News / Sehar Sial - 1 year ago
Situation With US Banking System Will Have Almost No Effect on Russia ..
Problems in the US banking system can have almost no effect on the situation in the Russian banking sector, as Moscow is to some extent insured against the negative impact of the unfolding crisis, Kremlin spokesman Dmitry Peskov said on Tuesday
News / Zara Jawad - 1 year ago
Canada's Banking Regulator to Strengthen Control Amid Collapse of SVB ..
The Office of the Superintendent of Financial Institutions (OSFI), Canada's national banking regulator, will intensify its monitoring of the country's banks after the collapse of the United States's Silicon Valley Bank (SVB), Canadian newspaper Globe and Mail reported on Tuesday, citing sources familiar with the matter
News / Sohaib Maqsood - 1 year ago
Bankrupt Silicon Valley Bank Has Limited Presence in EU - EU Spokesman
Silicon Valley Bank (SVB), which went bankrupt last week, had a very limited presence in the European Union in general, European Commission spokesman Daniel Sheridan Ferrie said on Monday, adding that the bloc was monitoring the situation and liaising with relevant national authorities
HSBC Buys UK Branch of Bankrupt Silicon Valley Bank - Treasury
UK multinational universal bank group HSBC Holdings has bought the UK branch of Silicon Valley Bank (SVB) that went bankrupt last week, UK Chancellor of the Exchequer Jeremy Hunt said on Monday
News / Imran Iqbal - 1 year ago
US Treasury Sets Priority to Find Buyer for Collapsed SVB - Reports
The United States' Treasury Department and the Federal Deposit Insurance Corporation (FDIC) have set a priority to find a buyer for Silicon Valley Bank (SVB) that went bankrupt, US broadcaster NBC News reported referring to unnamed sources familiar with the matter
News / Sehar Sial - 1 year ago
Biden Says Set to Deliver Remarks on Banking System Situation Monday
US President Joe Biden will speak about the current banking situation on Monday, following the Silicon Valley Bank (SVB) failure, according to a statement released by the White House