Former Treasury Secretary Steve Mnuchin Leads $1 Billion Deal to Rescue NYCB Regulators Support Injection of New Capital Former Treasury Secretary Steve Mnuchin is making a big bet that regulators don’t want NYCB to become the next SVB. He and an investor group completed their $1 billion deal to inject new capital into troubled lender … Read more
It is said that economic forecasts mainly serve to make astrologers seem a little more credible. A look at the success of last year’s predictions adds weight to this not very flattering bon mot. Instead of the most expected recession in history, the US economy expanded at a rate of 5.2 percent in the third … Read more
ANP NOS News•today, 21:48•Amended today, 21:56 The banking crisis in the United States does not seem to be over yet: for the third time in a month, a medium-sized bank is on the verge of collapse. It is on the New York Stock Exchange share of the First Republic Bank collapsed like a house of … Read more
New York The bank run at the First Republic Bank (FRB) from San Francisco was apparently more dramatic than initially thought. In March, customers of the institute withdrew deposits of a good 100 billion dollars, as the bank announced on Monday evening when it published its quarterly figures. Total deposits now stand at $104.5 billion … Read more
The global economy is facing a perilous phase as inflation becomes “much stickier,” warns the International Monetary Fund (IMF). With inflation rates picking up all over the world, the IMF is warning that the world’s economies are in danger of overheating. This marks a stark warning from the IMF, which has expressed growing concern about … Read more
The banking sector stocks pressured the UAE market indices in March 2023, similar to the global markets that were affected by the collapse of the “Silicon Valley Bank”, which caused investor confusion. The Abu Dhabi market index fell on a monthly basis by 4.2% to the level of 9430.25 points, while the Dubai Financial Market … Read more
WELT: Mr. Utermann, in a dramatic rescue operation, the Swiss UBS took over Credit Suisse. How do you rate the merger? Andreas Utermann: The role of the “Monday morning quarterback”, who analyzes the games from the weekend afterwards, has never suited me. I prefer to look ahead. And then I noticed that the markets have … Read more
23 mar 2023 . Updated at 05:00 h. He Silicon Valley Bank bankruptcy, taking away the financing and capital of many of the most advanced or at least most referenced technology companies in world technology. Or so we believe and so the marketing of the American dream tells us. Bad management by the bank managers … Read more
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 … Read more
The parent company of the bankrupt American bank Silicon Valley Bank has filed for bankruptcy protection under Chapter 11 of the US Bankruptcy Code, AP reported. A case filed under Chapter 11 of the United States Bankruptcy Code is often referred to as a “reorganization” bankruptcy. Usually, the debtor remains “in possession,” has the powers … Read more