Bank Crisis
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Credit Suisse Ordered To Pay $926 Million To Ex Georgian PM
A Singapore court on Friday ordered Credit Suisse to pay an ex-Georgian prime minister $926 million for failing in its duty to safeguard his assets, in another blow to the fallen banking giant.
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US Regulators Seize Troubled First Republic Bank, JPMorgan To Acquire It
JPMorgan Chase & Co. won the bidding to acquire First Republic Bank in an emergency government-led intervention after private rescue efforts failed to fill a hole on the troubled lender's balance sheet and customers yanked their deposits.
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Latest Banking Crisis Will Be "Felt For Years": JPMorgan Chase CEO
While the current banking crisis isn't like 2008, it "is not yet over" and will be felt for years to come, JPMorgan Chase Chief Executive Jamie Dimon said Tuesday.
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Latest Developments In Banking Sector Crisis. All You Need To Know
Silicon Valley Bank is being largely acquired by another US lender in the latest fallout from three weeks of turbulence in the financial sector.
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Risks To Financial Stability Have Increased, Warns IMF Chief
International Monetary Fund chief Kristalina Georgieva warned on Sunday that risks to financial stability had increased and stressed "the need for vigilance" following the recent turmoil in the banking sector.
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Finance Minister Asks Indian Banks To Assess Risks Amid Global Financial Crisis
Finance Minister Nirmala Sitharaman has asked state-run banks to assess various financial health parameters amid turbulence across the global banking sector.
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Banks "In Pretty Good Shape": Biden To Investors Amid Banking Crisis In US
US President Joe Biden sought to reassure investors on Friday, saying banks are "in pretty good shape" after recent turmoil in the financial sector that dragged down stocks.
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11 Days Of Turmoil That Brought Down 4 Banks, Left A Fifth Teetering
The speed with which four banks collapsed - and one continues to struggle - has left investors reeling. While the failures came in the span of just 11 days, the scenarios that brought them down were each unique.
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Actor Sharon Stone Claims She Lost Half Her Money In Recent Banking Crisis
Actor Sharon Stone recently revealed that she was financially affected because of the recent banking crisis in the United States.
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US's Largest Banks Pledge $30 Billion To Avoid Another SVB-Like Collapse
A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.
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Decoding The Silicon Valley Crisis In 5 Simple Points
The collapse of Silicon Valley Bank and Signature Bank within a week has stoked fears of a larger financial meltdown across regional US banks.
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Rs 99: What HSBC Bank Paid To Buy Silicon Valley Bank's UK Arm
The UK arm of collapsed US lender SVB has been sold to HSBC in a private sale overseen by Britain and the Bank of England, the government said Monday.
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Yes Bank Reports Rs 18,564 Crore Loss For December Quarter
Yes Bank, which was put under moratorium by the government last week, had reported a net profit of Rs 1,000 crore in the year-ago period and a loss of Rs 629 crore in the preceding September quarter.
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Maharashtra Government Advises Departments To Shift Accounts To Nationalised Banks
Despite pleas from the Reserve Bank against it, the Maharashtra government on Friday issued a circular asking all its departments to shift their accounts to nationalised banks.
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Rana Kapoor Along With Family Owned 78 Shell Companies: Probe Agency
Arrested Yes Bank founder Rana Kapoor, who along with his family members owned 78 shell companies, was the one who handled and controlled the affairs of these companies, Enforcement Directorate (ED) officials said.
-
Credit Suisse Ordered To Pay $926 Million To Ex Georgian PM
A Singapore court on Friday ordered Credit Suisse to pay an ex-Georgian prime minister $926 million for failing in its duty to safeguard his assets, in another blow to the fallen banking giant.
-
US Regulators Seize Troubled First Republic Bank, JPMorgan To Acquire It
JPMorgan Chase & Co. won the bidding to acquire First Republic Bank in an emergency government-led intervention after private rescue efforts failed to fill a hole on the troubled lender's balance sheet and customers yanked their deposits.
-
Latest Banking Crisis Will Be "Felt For Years": JPMorgan Chase CEO
While the current banking crisis isn't like 2008, it "is not yet over" and will be felt for years to come, JPMorgan Chase Chief Executive Jamie Dimon said Tuesday.
-
Latest Developments In Banking Sector Crisis. All You Need To Know
Silicon Valley Bank is being largely acquired by another US lender in the latest fallout from three weeks of turbulence in the financial sector.
-
Risks To Financial Stability Have Increased, Warns IMF Chief
International Monetary Fund chief Kristalina Georgieva warned on Sunday that risks to financial stability had increased and stressed "the need for vigilance" following the recent turmoil in the banking sector.
-
Finance Minister Asks Indian Banks To Assess Risks Amid Global Financial Crisis
Finance Minister Nirmala Sitharaman has asked state-run banks to assess various financial health parameters amid turbulence across the global banking sector.
-
Banks "In Pretty Good Shape": Biden To Investors Amid Banking Crisis In US
US President Joe Biden sought to reassure investors on Friday, saying banks are "in pretty good shape" after recent turmoil in the financial sector that dragged down stocks.
-
11 Days Of Turmoil That Brought Down 4 Banks, Left A Fifth Teetering
The speed with which four banks collapsed - and one continues to struggle - has left investors reeling. While the failures came in the span of just 11 days, the scenarios that brought them down were each unique.
-
Actor Sharon Stone Claims She Lost Half Her Money In Recent Banking Crisis
Actor Sharon Stone recently revealed that she was financially affected because of the recent banking crisis in the United States.
-
US's Largest Banks Pledge $30 Billion To Avoid Another SVB-Like Collapse
A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.
-
Decoding The Silicon Valley Crisis In 5 Simple Points
The collapse of Silicon Valley Bank and Signature Bank within a week has stoked fears of a larger financial meltdown across regional US banks.
-
Rs 99: What HSBC Bank Paid To Buy Silicon Valley Bank's UK Arm
The UK arm of collapsed US lender SVB has been sold to HSBC in a private sale overseen by Britain and the Bank of England, the government said Monday.
-
Yes Bank Reports Rs 18,564 Crore Loss For December Quarter
Yes Bank, which was put under moratorium by the government last week, had reported a net profit of Rs 1,000 crore in the year-ago period and a loss of Rs 629 crore in the preceding September quarter.
-
Maharashtra Government Advises Departments To Shift Accounts To Nationalised Banks
Despite pleas from the Reserve Bank against it, the Maharashtra government on Friday issued a circular asking all its departments to shift their accounts to nationalised banks.
-
Rana Kapoor Along With Family Owned 78 Shell Companies: Probe Agency
Arrested Yes Bank founder Rana Kapoor, who along with his family members owned 78 shell companies, was the one who handled and controlled the affairs of these companies, Enforcement Directorate (ED) officials said.
