Tag: svb
ECB hawks press case for more rate hikes to fight inflation
European Central Bank directors from Austria and Belgium support further interest rate increases to control inflation, currently at 8.5%. Despite recent banking sector uncertainties, the ECB raised rates by 50 basis points last Thursday, signaling continued commitment to price stability.
Malaysian banks rating intact despite US bank failures – RAM Ratings
RAM Ratings assesses that Malaysian banks maintain strong credit profiles despite Silicon Valley Bank's collapse. Domestic commercial banks demonstrate robust lending practices, with less than 25% of assets invested in bonds, indicating lower risk compared to US counterparts.
Silicon Valley Bank (SVB) Financial seeks bankruptcy protection as banking turmoil persists
Silicon Valley Bank (SVB) Financial Group filed for Chapter 11 bankruptcy protection after its subsidiary was seized by US regulators. The move follows the bank's collapse, which marks the largest banking failure since Washington Mutual in 2008. Market uncertainty continues as major bank stocks experience declines.
Silicon Valley Bank SVB run exposes rifts in venture capital world
SAN FRANCISCO: The failure of Silicon Valley Bank (SVB) has exposed differences within the typically close-knit venture capital (VC) industry. With some investors blaming...
Singapore bank stocks hit by Credit Suisse crisis
Singapore bank stocks fell as concerns spread about Credit Suisse's financial stability. The Swiss bank's stock dropped 30% after its largest shareholder declined additional investment, triggering market anxiety about potential global banking sector risks.
