2023-11-30 13:28:47 To read the English version, click here Silicon Valley Bank (SVB) was a renowned financial institution that was taken over by federal regulators on March 10, 2023. This article examines what happened to cause the bank to fail so spectacularly and the financial lessons we can learn from its downfall. SVB primarily served … Read more
2023-05-08 14:01:56 India’s financial system remains protected from “daunting” global challenges but there is a need for constant vigil, economic affairs secretary Ajay Seth said on Monday. Briefing reporters about the outcome of the 27th meeting of the Financial Stability and Development Council (FSDC), headed by finance minister Nirmala Sitharaman, Seth said, “We see that … Read more
2023-05-07 09:19:29 Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC) on Monday. The 27th meeting of the high-level panel to be held here will be attended by all financial sector regulators, including RBI Governor Shaktikanta Das, … Read more
2023-04-29 01:34:00 A branch of First Republic Bank in San Francisco, California, USA. Archyde.com Yonhap News It is known that the US financial authorities are imminent to intervene in the US First Republic Bank, which has been engulfed in crisis rumors. Archyde.com reported on the 28th (local time), citing sources, that the Federal Deposit Insurance … Read more
2023-04-21 21:04:49 Michel Santi, your latest book “BNS (Swiss National Bank): Nothing is wrong, a central bank should not do that” was published by Editions Favre. However, at the time of its release in Switzerland, on March 24, the world of finance knew… Michel Santi, your latest book “BNS (Swiss National Bank): Nothing is wrong, … Read more
India’s financial system remains “completely” insulated from the recent developments in the US and Switzerland, RBI Governor Shaktikanta Das said, asserting that the country’s banking system is resilient, stable and healthy. The governor of the Reserve Bank of India (RBI) told a press conference here on Thursday that at the global level, the recent developments … Read more
Within days, the sector experienced the failure of three institutions in the United States, including two of the three largest bank failures in history. (Photo: 123RF) New York — The crisis that the banking sector has experienced for a month is “not over” and will have consequences “for several years”, warned the CEO of JPMorgan … Read more
In March 2023, the UAE market indices were impacted by the decline of the banking sector stocks, similar to global markets affected by the collapse of “Silicon Valley Bank”. This caused confusion among investors, resulting in the Abu Dhabi market index falling 4.2% to 9430.25 points monthly. Likewise, the Dubai Financial Market index fell 0.9% … Read more