2023: The year of big bankruptcies
Euronews Business looks at some of the major bankruptcies seen this year and explores the reasons behind them ADVERTISEMENT This year has seen a number of big and quite unexpected … Read More
Tag: silicon valley bank
Fetterman suggests work requirements for bailed-out bank execs
Sen. John Fetterman floated the idea of work requirements for banking executives that receive taxpayer bailouts in remarks during a Senate Banking Committee hearing on Tuesday that some conservative commentators … Read More
Montana Sen. Jon Tester rakes in cash after California soiree
Sen. Jon Tester represents bright-red Montana, but most of his re-election campaign money in the first three months of this year came from deep-blue California, Federal Election Commission filings show. … Read More
Explained: Why the EU’s banking union is still unfinished business
Financial markets can’t seem to shake off the jitters sparked by the spectacular collapse of Silicon Valley Bank (SVB), the biggest American bank to fall since 2008, and the government-brokered takeover … Read More
SVB deal helps to steady banks amid credit crunch concerns
A buyer for Silicon Valley Bank’s deposits and loans helped shares in European lenders mount a partial recovery on Monday, after the sector was hammered last week by worries of … Read More
First Citizens said to be near deal for Silicon Valley Bank: report
First Citizens BancShares Inc was in advanced talks to acquire Silicon Valley Bank, a person familiar with the matter told Reuters on Sunday. First Citizens could reach a deal as soon … Read More
House GOP demands Biden reveal China ties to failed bank
House Republicans are pushing President Joe Biden to investigate the Chinese Communist Party’s ties to the collapsed Silicon Valley Bank – and demanding that he reveal any Biden family connections … Read More
Brussels my love? The Putin-Xi bromance & the EU’s banking environment
The Euronews Brussels bureau brings you its latest episode of a talk show that aims to break down European news and politics to make it more accessible to viewers. This … Read More
UBS agrees to buy troubled Credit Suisse for more than $2B to ‘secure financial stability’
UBS, Switzerland’s largest bank, has agreed to buy rival Credit Suisse for more than $2 billion in an emergency deal to avoid turmoil stemming from the current banking crisis. The … Read More
Sharon Stone lost ‘half my money to this banking thing’
Actress Sharon Stone tearfully claimed Thursday night that she lost “half” her fortune in the recent economic upheaval caused by the failure of Silicon Valley Bank and Signature Bank of … Read More
