Sergio P. Ermotti, who was group chief executive at UBS for nine years until 2020, will be stepping down ...
Briefing: The Silicon Valley Bank collapse – a case for an insurtech backstop?
With the insurtech sector struggling in the current economic climate, are the twin blows of Tech Nation and the Silicon Valley Bank too much?...
With the insurtech sector struggling in the current economic climate, are the twin blows of Tech Nation and the Silicon Valley Bank too much?...
Article / 11 hours ago
What are credit default swaps and why are they causing trouble for Europe's banks? - Reuters
Turbulence in Europe's banks following the implosion of 167-year-old Credit Suisse and runs on regional banks in the U.S. has focused attention on the role...
Turbulence in Europe's banks following the implosion of 167-year-old Credit Suisse and runs on regional banks in the U.S. has focused attention on the role...
reuters.com /
Article / 14 hours ago
US bank troubles may decouple Asian central banks from the Fed
Asian central banks may get room to run their monetary policy based more on local factors as the US Federal Reserve slows its pace of tightening following the failures of Silicon Valley Bank (SVB) and...
Asian central banks may get room to run their monetary policy based more on local factors as the US Federal Reserve slows its pace of tightening following the failures of Silicon Valley Bank (SVB) and...
Article / 18 hours ago
US insurers' investment exposure to failed banks, other regionals under $5B
The US insurance industry has minimal investment exposure to banks that have recently collapsed or been placed under review for a potential ratings downgrades....
The US insurance industry has minimal investment exposure to banks that have recently collapsed or been placed under review for a potential ratings downgrades....
Article / 1 day ago
FDIC hires Newmark Group to sell billions of Signature Bank debt - Reuters
The Federal Deposit Insurance Corp (FDIC) has hired Newmark Group Inc to sell about $60 billion of Signature Bank loans, the Wall Street Journal reported...
The Federal Deposit Insurance Corp (FDIC) has hired Newmark Group Inc to sell about $60 billion of Signature Bank loans, the Wall Street Journal reported...
reuters.com /
Article / 1 day ago
US regulators face sharp questions from Congress over bank collapses - Reuters
Lawmakers demanded details from top U.S. bank regulators on the unexpected failures of regional lenders Silicon Valley Bank and Signature Bank during testimony on Tuesday...
Lawmakers demanded details from top U.S. bank regulators on the unexpected failures of regional lenders Silicon Valley Bank and Signature Bank during testimony on Tuesday...
reuters.com /
Article / 2 days ago
The consequences of a high interest rate environment for banks
The SVB has sent shock waves through the banking community with attention turning to the potential wider repercussions...
The SVB has sent shock waves through the banking community with attention turning to the potential wider repercussions...
Article / 3 days ago
PRA to scrutinise liquidity risk among insurers amid banking crisis fallout
The UK Prudential Regulation Authority (PRA) is to embark on work to understand liquidity risk across insurers, in the aftermath of liquidity crises...
The UK Prudential Regulation Authority (PRA) is to embark on work to understand liquidity risk across insurers, in the aftermath of liquidity crises...
Article / 3 days ago
First Citizens Bank to buy SVB's deposits, loans from FDIC - Reuters
First Citizens Bank & Trust Co will buy all of Silicon Valley Bank's deposits and loans from the Federal Deposit Insurance Corporation (FDIC), the regulator said in a statement...
First Citizens Bank & Trust Co will buy all of Silicon Valley Bank's deposits and loans from the Federal Deposit Insurance Corporation (FDIC), the regulator said in a statement...
reuters.com /
Article / 4 days ago
U.S. backstops Silicon Valley Bank's sale to First Citizens - Reuters
U.S. regulators said on Monday they would backstop a deal for regional lender First Citizens BancShares FCNCA.O to acquire failed Silicon Valley Bank , triggering an estimated $20 billion hit to a government insurance fund...
U.S. regulators said on Monday they would backstop a deal for regional lender First Citizens BancShares FCNCA.O to acquire failed Silicon Valley Bank , triggering an estimated $20 billion hit to a government insurance fund...
reuters.com /
Article / 4 days ago
