First Citizens acquires SVB’s deposits and loans
The Federal Deposit Insurance Corporation stated that the deal includes the purchase of $ 72 billion in SVB assets, adding ...
Tag: Silicon Valley collapse
The International Monetary Fund warns of increasing risks to financial stability
Georgieva reiterated her view that 2023 will be another challenging year, with global growth slowing to less than 3 percent ...
UBS requests $6 billion in government guarantees for the Credit Suisse deal
The source added that discussions are still ongoing and this number may change as several scenarios are still under review. ...
Gold is on the cusp of $2,000, amid demand for safe havens
Spot gold prices rose by about 3.6 percent in the Friday session, achieving weekly gains of 6.5 percent at $1989 ...
How did the Silicon Valley collapse affect the crypto market?
Bitcoin, which alone accounts for more than half of the value of the cryptocurrency market, rose by about 12 percent, ...
More dangerous than the collapse of SVB Bank.. What is a “bank panic”?
The collapse of SVB had repercussions in America and all over the world, given that many huge companies depend on ...
