Economy and Finance

First Republic Bank underwent a liquidity crisis after customers moved billions of deposits out of the bank in distress.

Saudi National Bank, the largest shareholder of Credit Suisse said that it can't invest more capital, causing the shares of the Swiss Bank to fall by 24%

"They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how capitalism works,” said Joe Biden.

According to HSBC, SVB UK had a profit of £88m before tax for the financial year ending December 31 last year. It added that the bank had loans totalling £55 bn, deposits of around £7bn and tangible equity of around £1.4bn as of March 10, 2023.

The decision to shut down New York-based Signature Bank came on the heels of Silicon Valley Bank's failure on Friday

Swara Bhasker's wedding with Fahad Ahmed was filed with the court on 6th January 2023 under the special marriage act.

The SVC co-operative bank has a total business of over ₹31,500 crores, 2300 employees and is spread across 11 States in India.

Earlier, Bill Ackman did not shy away from casting aspersions on the integrity of the Adani group and fomenting turmoil in Indian markets

Bill Ackman had earlier conceded that his judgment was based on the cursory reading of the Hindenburg Research report and Adani's response.

On March 10, the Federal Deposit Insurance Corporation (FDIC) announced the shutdown of the US-based Silicon Valley Bank (SVB) and the seizure of its assets.