“Silicon Valley Bank’s CEO, Greg Becker, Faces Scrutiny as Emphasis on Technology Draws Interest, Early Profit-Taking Questioned”

Original title: Focus on technology attracts attention, early cash out is questioned, Silicon Valley Bank falls in his hands Silicon Valley Bank, which focuses on providing financial services to start-ups, suddenly went bankrupt recently, becoming the largest bank failure in the United States since the 2008 financial crisis. The sudden collapse of Silicon Valley Bank […]

Credit Suisse to be acquired by UBS for 45 billion crowns following bankruptcy – E15.cz

Bloomberg previously reported that Swiss authorities are considering partial or full nationalization of the country’s second-largest bank. Switzerland should have resorted to this extreme solution in the event that the merger with rival UBS could not be negotiated. As part of the deal, the Swiss central bank will also provide $100 billion to boost Credit […]

UBS seeks 135 billion in guarantees during acquisition of Credit Suisse – Report

According to UBS, the government guarantees should cover the costs of liquidating parts of Credit Suisse and any legal disputes. According to the Financial Times (FT), the Swiss National Bank wants to find an uncomplicated solution to the current situation before the markets open on Monday. If the banks merge, it would be the largest […]

Shares of Credit Suisse Plummet by Over 20 Percent

CNN Indonesia Wednesday, 15 March 2023 21:16 WIB Credit Suisse shares fell more than 20 percent after its biggest backer appeared to refuse to provide the Swiss bank with further funding. (AFP/FABRICE COFFINI). Jakarta, CNN Indonesia — Shares Swiss credit fell more than 20 percent on Wednesday to its lowest level, after its biggest backers […]

The American banking system is safe, Biden assured – News

“Americans can have confidence that the banking system is safe,” Biden said in a special address Monday afternoon. Pres. Biden says those who invested in failed Silicon Valley Bank and Signature Bank will not be protected: “They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how capitalism […]