After a financial conundrum, First Citizens is ready to buy SVB
First Citizens has reportedly agreed to buy the SVB, as per the US's FDIC. However, there are many underlying crises…
A spike in European bank shares after the SVB-FNCA deal
The European banks’ share prices spiked a bit after the First Citizens Bank’s deal to acquire bankrupt US-based Silicon Valley…
Saudi National Bank chief Ammar Al Khudairy quits after controversial remark on the UBS-CS merger
Saudi National Bank's chief Ammar Al Khudairy has reportedly quit following his earlier remarks on UBS's Credit Suisse acquisition deal.
After the Hindenburg-Adani saga, Sitharaman plans to monitor PSB lending against shares
Following the collapse of the US-based Silicon Valley Bank, the Indian government plans to monitor public sector banking sector's health.
Argentina’s inflation rate surged past 102.5% in February 2023
Argentina's inflation rate surpassed 102.5% in February. This is the highest inflation rate in the country after the hyperinflations ended…
UBS to acquire competitor Credit Suisse to prevent a major crisis
UBS may be mulling acquiring the crisis-ridden 167-year-old Swiss financial giant Credit Suisse to prevent a major global financial meltdown.
SEBI mulls changing regulations for start-ups to close all loopholes
SEBI is mulling amendments in its regulations to prevent the founders and family members of tech and app-based start-ups from…
Crisis-ridden Biden asks for “tougher” action against bankers after Silicon Valley Bank collapse
Joe Biden tried a damage control following the Silicon Valley Bank collapse by asking for tougher measures against bankers from…
Union government gears up to sell IREDA stakes and ready to launch IPO
The Cabinet Committee on Economic Affairs under Prime Minister Modi has decided to sell its stakes in the IREDA through…
India plans to expand electronics production to Rs 24 trillion by 2025-26: Minister
Minister of State Rajeev Chandrasekhar claimed that Indian electronics production will be expanded to the tune of Rs 24 trillion…
