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Showing 11 - 20 of 48 results for "Silicon Valley"

Pension fund ousts chief over US bank losses

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... of Sweden's Alecta was let go by the fund as it looks to recover from large losses resulting from investments in Silicon Valley Bank, Signature Bank and First Republic Bank. Overnight, Magnus Billing was axed as chief executive with immediate effect. ...

Global X debuts US corporate bond ETF

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... sentiment shift that has heavily impacted fixed income markets, especially in the US, driven by events like the Silicon Valley Bank collapse and persistent interest rate hikes from the Federal Reserve. "... many investors are consequently looking to ...

We sit at a watershed moment: Paton

CHLOE WALKER  |  THURSDAY, 30 MAR 2023
... inflation, and achieve broader economic stability." Now, an additional overlay to consider is with the recent failure of Silicon Valley Bank in the US. He said: "I will only briefly talk to the SVB story with these thoughts: it is not the story of a ...

Fink warns of "slow rolling crisis"

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
... his annual letter to investors, BlackRock chair Larry Fink has said it's unclear what impact the collapse of Silicon Valley Bank and others this past week will truly have, saying they are just one element of the "price we're paying for decades ...

Credit Suisse, oil prices see ASX fall: CommSec

CASSANDRA BALDINI  |  THURSDAY, 16 MAR 2023
... and we saw Wall Street impacted as well." Felsman explained this is a separate issue from the United States and Silicon Valley Bank fallout which caused US regional banks to slump. "First Republic Bank, which seems to be at the forefront of investors' ...

No systemic risk with SVB, but issues remain: Experts

CASSANDRA BALDINI  |  WEDNESDAY, 15 MAR 2023
The failure of Silicon Valley Bank (SVB) doesn't point to a systemic issue, however the banking crisis in the US may be far from over, experts say. The failure of SVB was mainly due to an asset-liability mismatch, which resulted in material losses ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
HSBC has leapt to the rescue and purchased the embattled Silicon Valley Bank's (SVB) UK arm for a total sum of £1. The banking giant yesterday announced its UK ring-fenced subsidiary, HSBC UK Bank, would make the purchase, which excluded the assets ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... prevent a banking crisis are being implemented. It comes as local tech companies confirm minimal exposures to the Silicon Valley Bank failure. Early this morning, a joint statement from US Treasury secretary Janet Yellen, Fed chair Jerome Powell and ...

SVG invests in Australian agtech

CHLOE WALKER  |  THURSDAY, 18 AUG 2022
Silicon Valley agrifood innovation investor SVG is launching a $50 million venture fund in Melbourne to fund local agtech startups. The THRIVE Australia Venture Fund aims grow the agtech startup ecosystem in Victoria and across Australia fast-tracking ...

Moomoo launches down under

CHLOE WALKER  |  MONDAY, 7 MAR 2022
... invest in shares and ETFs locally and overseas in key markets." The platform is owned and operated by Moomoo Inc., a Silicon Valley-based technology company providing cutting-edge financial services to global retail investors, and part of Futu Holdings ...