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Over the past few months, rising interest rates amid surging inflation has dented market sentiment across the globe
The government shouldn't overreact to the banking crisis by imposing more rules on the industry, Dimon said
Samsung has said its strategy historically has been to keep spending during downturns to increase its competitive position
Customer confidence may improve if recovery time, insurance coverage is better
'The year 2023 was already shaping up to be a difficult year, even before the banking crisis'
Use the crisis to frame detailed crisis management strategies, FM to bankers
SVB's collapse kicked off a tumultuous 10 days for banks which led to the 3 billion Swiss franc ($3.2 billion) Swiss regulator-engineered takeover of Credit Suisse by rival UBS
Big money managers such as Pacific Investment Management Co. and Invesco Ltd. are among the largest holders, owning around $807 million and $370 million, respectively
The FDIC's decision to lock down the $2 billion creates jeopardy in the bankruptcy case, said Tom Lauria, a lawyer representing a large bondholder, Appaloosa LP
The surge in loans to high-up figures may draw scrutiny as the Federal Reserve and Congress investigate the breakdown of Silicon Valley Bank, the biggest US bank collapse in more than a decade
Indian IT players like TCS, Infosys, Wipro, HCL Technologies, Mphasis, and LTIMindtree have exposure to some of the troubled banks
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One legal framework under discussion for expanding FDIC insurance would use the Treasury Department's authority to take emergency action and lean on the Exchange Stabilization Fund, the people said
A number of American banks had failed recently or came under pressure
In every systemic crisis, there are initial soothing noises from regulators and commentators: There won't be contagion. Except that eventually there is contagion more often than not, writes T N Ninan
"They were being very transparent. It's the exact opposite of what you'd normally see in a scandal. But their transparency and forthright-ness did them in," one employee said
Amid the ongoing financial crunch in Pakistan, another car maker company Honda on Wednesday announced to close its plant citing severe disruption in supply chain as major reason, reported Geo News
President Ranil Wickremesinghe on Thursday said Sri Lanka was in the final stages of negotiations with the IMF on the much-awaited USD 2.9 billion bailout package that could help the debt-trapped island nation recover from the unprecedented economic crisis. Wickremesinghe also said that his government was having "direct discussions" with Beijing to restructure the country's debts with China. The International Monetary Fund (IMF) in September last year approved Sri Lanka the USD 2.9 billion bailout package for over 4 years pending the island nation's ability to restructure its debt with creditors -- both bilateral and sovereign bond holders. By the end of June 2022, Sri Lanka owed nearly USD 40 billion to bilateral, multilateral and commercial loans, according to the figures released by the Sri Lankan Treasury. With assurances from creditors, the USD 2.9 billion facility could get the IMF board approval in March, officials said. The IMF facility would enable Sri Lanka to obtain ...