March 21 (Reuters) – A lawyer for SVB Financial Group told a judge on Tuesday it was seeking cooperation from regulators who seized its Silicon Valley Bank unit and withdrew $2 billion from its liquidity, necessary to maintain operations. SVB Financial, which filed for bankruptcy on Friday, said in court papers that the US Federal … Read more
March 21 (Reuters) – Nvidia Corp’s (NVDA.O) chief executive Jensen Huang on Tuesday unveiled a new product to accelerate semiconductor design by deploying a range of new artificial intelligence technologies based on its chips and its software. Huang made the remarks at GTC, the company’s annual conference for software developers. Analysts are waiting for the … Read more
WASHINGTON, March 20 (Reuters) – Hard-line Republicans in the House of Representatives vowed on Monday to oppose any universal federal guarantee on bank deposits above the current limit of $250,000, throwing a major hurdle to a key tool regulators could deploy if banks rush again. as financial confidence falters. The Republican House Freedom Caucus said … Read more
First Republic Bank tumbles by suspending its dividend SVB Financial files for bankruptcy protection FedEx jumps on boost to full-year earnings forecast Indices down: Dow 1.31%, S&P 1.17%, Nasdaq 0.80% NEW YORK, March 17 (Reuters) – Wall Street fell on Friday at the end of a tumultuous week marked by the unfolding crisis in the … Read more
March 16 (Reuters) – Several major banks are in talks to deposit billions of dollars at First Republic Bank (FRC.N), sources familiar with the matter said on Thursday, as the U.S. lender became the latest to be swept away by fears of a rapidly worsening banking crisis. The collapse of Silicon Valley Bank last week … Read more
WASHINGTON, March 16 (Reuters) – The U.S. banking system remains strong and Americans can be confident their deposits will be there when needed, Treasury Secretary Janet Yellen said on Thursday, although she denied that recent moves emergency following two major bank failures meant that a general government guarantee now existed for all deposits. In his … Read more
February CPI in line with expectations Regional banks rebound Meta rises on more layoff plans Indices up: Dow 1.06%, S&P 1.68%, Nasdaq 2.14% NEW YORK, March 14 (Reuters) – U.S. stocks rebounded on Tuesday as inflation data broadly in line with target and easing contagion fears in the banking sector dampened expectations for the magnitude … Read more
LOS ANGELES, March 12 (Reuters) – Hollywood stars will walk a champagne-colored carpet at the Oscars on Sunday when organizers aim to keep the spotlight on ‘Everything Everywhere All at Once’, ‘Top Gun: Maverick’ and other nominated films that brought the crowds back to the cinema. In the event of an unexpected twist, a crisis … Read more
MUMBAI, March 12 (Reuters) – India’s minister of state for technology said on Sunday he would meet with start-ups this week to assess the impact on them of the collapse of Silicon Valley Bank (SIVB. O), as concerns grow over the fallout for India. start-up sector. California banking regulators shuttered Silicon Valley Bank (SVB) on … Read more
BBC forced to cut much of Saturday sports coverage Several presenters refuse to work in support of Lineker Dispute over migration comments sparks debate over neutrality LONDON, March 11 (Reuters) – Britain’s BBC was forced to cut much of its sports coverage on Saturday after presenters refused to work in a show of solidarity with … Read more
