Global Banking Monitor

Saturday, December 2, 2023

Dollar to Weaken Over Next 2 Years, UniCredit Says

UniCredit Research expects “moderate dollar weakness” over...

Bank of Canada Governor Indicates Potential Cease in Interest Rate Increases

Bank of Canada Governor Tiff Macklem recently...

Tag: valley

‘Party animal’ VC from Silicon Valley faces retrial over fraud charges

Mike Rothenberg, the venture capitalist once described as Silicon Valley’s “party animal,” faces a new criminal trial after a jury failed to reach a...

How First Citizens secured a $16.5 billion discount for Silicon Valley Bank takeover

Stocks of regional banks surged Monday after regulators announced a sale of Silicon Valley Bank's deposits and loans, an agreement that demonstrated how much...

Fed’s Barr cites Silicon Valley Bank failure as ‘textbook case of mismanagement’

The Federal Reserve’s top banking regulator said Monday that the failure of Silicon Valley Bank was due largely to mismanagement, though he noted that...

Silicon Valley Bank’s rapid withdrawals, management missteps created perfect storm

The run on Silicon Valley Bank (SVB) was not your average bank run; it was so fast, it shocked even the most seasoned regulators...

A closer look at the factors that led to the unforeseen collapse of Silicon Valley Bank.

Two weeks ago few people outside the tech industry had even heard of Silicon Valley Bank, the midsize California lender whose rapid implosion would...

SVB-Related Turmoil Shows Failure to Learn from Global Financial Crisis Lessons

The turmoil touched off by the collapse of Silicon Valley Bank has demolished much of what the Federal Reserve, political leaders and investors thought...

Barclays and JPMorgan Halt Deals as Anxiety Grips Junk-Debt Market

Global banks are growing wary of risky credits as turmoil envelops the industry, crushing the market for new leveraged finance deals just as it...

Credit Suisse Bailout Means Swiss Citizens Face $13,500 Liability Each

Switzerland’s tab for shoring up its reputation as a financial center could run to 12,500 Swiss francs ($13,500) for every man, woman and child...

Credit Suisse Chaos Boosts Opportunities for Bond Traders in Europe

Some of Europe’s largest banks seized on the turmoil that engulfed Credit Suisse Group AG last week by facilitating billions of dollars in bond...

First Citizens emerges as possible suitor for Silicon Valley Bank

The Federal Deposit Insurance Corp. will decide on Sunday whether to pursue a full sale or breakup of Silicon Valley Bank. One financial institution that...

Peter Thiel says he had $50M in Silicon Valley Bank when it shut down

Billionaire investor Peter Thiel says he had tens of millions of dollars in Silicon Valley Bank when the lender was seized by regulators last...

Stemming Spread of Silicon Valley Bank’s Failure is Priority for Regulators

Bank regulators raced over the weekend to avoid a broader crisis from Friday’s stunningly hasty collapse of Silicon Valley Bank by trying to sell...

Mortgage rates post big decline amid Silicon Valley Bank fallout

Mortgage rates fell sharply on Monday as the stunning collapse of Silicon Valley Bank triggered fears of a broader banking meltdown. The average rate on...

Who is Greg Becker, the CEO of the Failed Silicon Valley Bank?

Greg Becker, the chief executive officer who presided over the collapsed Silicon Valley Bank, joined the company three decades ago as a loan officer. The...

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