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Showing 11 - 20 of 52 results for "Silicon Valley"

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... continuing to slash their workforce in droves, and the uncertainty and contagion risk sparked by the collapse of Silicon Valley Bank, S&P Global warns fintechs not to expect the amount of capital that flooded in before COVID-19. Worn said the issues ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... balance sheet and reduce our expenses and short-term borrowings." Banking sector turmoil began with the collapse of Silicon Valley Bank, the largest US bank failure since Washington Mutual in 2008, and then continued with the failure of New York Signature ...

Apple dives deeper into financial services

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... deposited into the account and the user can deposit additional funds into their account through a linked account. Silicon Valley's entry into the space has caused some concern for regulators, last year the Financial Conduct Authority (FCA) launched an ...

SVB, Signature Bank securities up for sale

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
A BlackRock subsidiary has been tasked with disposing the mortgage-backed assets of Silicon Valley Bank and Signature Bank that collectively amount to US$104 billion ($156.2bn). The Federal Deposit Insurance Corporation recently announced that it retained ...

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 ...