silicon valley bank

Regulators seized troubled First Republic Bank early Monday and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S. San Francisco-based First Republic is the…

US authorities have reached out to several financial institutions asking them to make bids on the assets of troubled First Republic Bank, a source familiar with the matter told AFP.It’s the lasters sign that the trouble that hit US and…

washington —  The Federal Reserve blamed last month's collapse of Silicon Valley Bank on poor management, watered-down regulations and lax oversight by its own staffers, and it said the industry needs stricter policing on multiple fronts…

A bank that was saved from failing in the wake of the collapse of Silicon Valley Bank in March, is once again fighting for survival after it revealed $150 billion was withdrawn from it. Shares in First Republic Bank dropped to all-time low…

Wall Street stocks plummeted on Tuesday, as shares of First Republic Bank were battered after an earnings report that showed it lost a large amount of deposits — reviving worries over the financial sector.Investors have been eyeing the…

Crypto firms have been left scrambling to find banking partners after the collapse of three crypto-friendly lenders in the U.S. last month, creating a risk their business will become concentrated in smaller financial institutions.It is a…

Tata Consultancy Services (TCS), India's largest software services firm, sees several opportunities arising from the banking crisis. The shift of customers to large banks—considered to be more stable—is creating a new set of business…

The larger US banks who have significant presence in India through their captive arms—like Wells Fargo, JP Morgan, Bank of America, Goldman Sachs, Citi and BNY Mellon—continue to hire and backfill vacancies as businesses globally are moving…

Country's largest IT services company TCS will continue investing in research and innovation, office spaces and technology infrastructure at the same pace even as it wades through near-term volatilities, a senior official has said. The…

Yet another expert has issued a grim recession warning, predicting a downturn was “pretty likely” with far more financial turmoil ahead.Speaking with the Financial Times this week, former US Treasury Secretary Henry “Hank” Paulson joined…