Jakarta – First Republic Bank in the United States (US) became one of the institutions that were on the brink of the impact of the case of the collapse of Silicon Valley Bank. The shaky trust of customers caused the bank’s shares to drop and deposits decreased. Even so, a group of large US banks … Read more
The global banking sector has witnessed a significant surge in its stocks as Credit Suisse, one of the major players in the industry, taps into the central bank for emergency funding. The move comes as the Swiss bank faces a financial crisis due to its exposure to hedge funds that collapsed in the wake of … Read more
In the world of big tech, few words are spoken as frequently and passionately as “capitalism.” The tech giants embrace it, extoll its virtues, and champion it as the surest path to societal advancement. Yet, when the going gets tough, these same companies seem to forget about their free-market principles and prioritize self-preservation above all … Read more
Senior reporter Zhong Zhipeng / Report from Taipei ▲The Indian child prodigy predicted that terror would return to China, North Korea fired another missile, the New Zealand earthquake, and Taiwan beware of 9 things. (Picture / flip from CDC, US Tsunami Warning System website) Please read on…. The prophecy of the Indian prodigy came true … Read more
The Taoiseach of Ireland, Micheál Martin, has remained calm and assured in the face of recent market jitters, which have been sparked by Credit Suisse’s involvement in a series of hedge fund losses. Despite concerns about the stability of Irish banks, Martin has stated that he is “not concerned” about the impact of the Credit … Read more
Jakarta – The Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan highlighted the bankruptcy Silicon Valley Bank (SVB). Luhut said that the world is faced with interrelated crises. “The world is currently facing a poly crisis, a multidimensional crisis that is interrelated,” he said at the 2023 Indonesia Leading Economic Forum, Jakarta, Tuesday … Read more
The fear triggered by the failure of Silicon Valley Bank and Signature Bank seems, at least for now, to have passed. Stock exchanges on both sides of the Atlantic advance strongly with gains of more than 2% thanks to the banks that are regaining momentum and US inflation in line with expectations. Piazza Affari tries … Read more
First modification: 14/03/2023 – 20:47 02:01 The US president, Joe Biden, welcomed the slowdown in inflation, although he warned that the path to stability will not be without “setbacks”. The Central Bank is facing a lot of scrutiny for its measures to curb inflation, especially now after the Silicon Valley Bank debacle and fears of … Read more
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Jakarta – Europe’s largest bank HSBC will buy branches Silicon Valley Bank (SVB) in England. This was done to secure customer deposits following the bankruptcy of its parent company in the United States (US). Reported from CNN Business, Tuesday (14/3/2023), HSBC announced a purchase agreement worth 1 pound sterling or the equivalent of IDR 18,667. … Read more