Silicon Valley Bank Archives

bailout

First Citizens Bank to acquire SVB’s deposits, loans from FDIC

Written by Staff Writer

Mon 27 Mar 2023Mon 27 Mar 2023

Silicon Valley Bridge Bank, National Association, had approximately $167 billion in total assets and about $119 billion in total deposits as of March 10

acquisitions

UBS to buy Credit Suisse for $3.2bn in a move brokered by Swiss government

Written by Staff Writer

Mon 20 Mar 2023Mon 20 Mar 2023

Under the terms of the deal, UBS will pay 0.76 of one of its shares for each share of Credit Suisse, with the Swiss Federal Council guaranteeing liquidity for the beleaguered bank

Blockchain

Islamic crypto moves to reassure investors as Silicon Valley Bank goes bust

Written by James Mathew

Thu 16 Mar 2023Thu 16 Mar 2023

Islamic Coin to allocate $40 million for launch of a worldwide ‘Grants and Investment’ programme, while Haqq Network announces an exclusive tie-up with Holiday Swap, the world’s largest home exchange platform

Credit Suisse

Credit Suisse borrows $54bn from Swiss central bank to weather financial crisis

Written by Staff Writer

Thu 16 Mar 2023Thu 16 Mar 2023

Bank’s share dropped below 2 Swiss Francs after a sell-off triggered by Saudi National Bank saying it can’t inject more cash because of regulatory reasons