The collapse of Silicon Valley Bank will not affect China's banking industry but has highlighted the importance for banks of adhering to their primary business, serving the real economy, balancing their asset-liability structure and steering clear of excessive liquidity risk, experts said. The bank ...
crypto-focused Silvergate was the first to announce its impending liquidation last Wednesday, followed by the SVB implosion on Friday – the largest US bank collapse since the financial crisis of 2008. Bank failures sparked concerns over
Two large banks in the US that cater to the tech industry have collapsed after a bank run. Over the last three days, the US seized the two financial institutions. Government agencies are taking emergency measures to backstop the financial system. President Joe Biden is reassuring Americans that ...
“One year ago, just after the collapse of SVB and other regional banks, the Fed set up a Bank Term Funding Program to support some other banks if necessary. This BTFP program is supposed to end in March 2024 after one year of existence,” he said. “We hear a lot of comments aroun...
Experts: US bank collapse result of failure to adhere to core activities http://t.cn/A6COsl9m @中国日报
Thierry Monasse | Getty Images News | Getty Images U.S. regulators made mistakes in failing to prevent the collapse of Silicon Valley Bank and other financial institutions, according to lawmakers in the European Union who believe this is also a moment for some self-assessment in Europe. Silverg...
Meanwhile, the Bank of England and U.K. Treasury said early Monday that they had facilitated the sale of the bank’s London-based subsidiary to HSBC, Europe’s biggest bank, ensuring the security of 6.7 billion pounds ($8.1 billion) of deposits. ...
CNN described the Russian bank’s drop in profit as a “collapse” in its headline, but then had to admit in the article that “Sberbank’s resilience in the face of sanctions helped Russia’s banking sector recover from a loss-making first half in 2022.” ...
US regulators pulled the plug on Silicon Valley Bank on Friday in a spectacular move that sent global banking shares sputtering, as markets fretted over possible contagion from America's biggest banking failure since the ...