Page 12 - Bloomberg

HSBC Holdings to buy Silicon Valley Bank's UK arm for £1 in tech repreive

The London-listed lender's "ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1," HSBC said in a statement Monday.

Russia remains India's main arms supplier but imports dip sharply

India has been the world's largest arms importer since 1993 and "tensions with Pakistan and China largely drive its demand for arms imports," the report added

Will Vladimir Putin attend India G20 summit? Russia clears diary

Kremlin defiance is growing as efforts by the US and its allies to isolate Russia over its invasion of Ukraine are stalling in the face of reluctance among other countries to join

SVB collapse brings Softbank's startup financing under investors' lens

Now investors are cautiously pulling back despite the overnight pledge from US authorities to rescue the US lender that sits at the heart of Silicon Valley's venture capital ecosystem

SVB: Indian banks stand out amid 'global gloom and doom', says Macquarie

"Despite concerns of a slowdown in loan growth and margin compression, the earnings upgrade cycle continues for the banking sector," the analyst wrote

Here's everything we know about how the Fed is handling the SVB crisis

Fearing contagion would upend the industry, the US Federal Reserve, Treasury Department and Federal Deposit Insurance Corp. moved quickly over the weekend to protect customer deposits

China could control a third of the world's Lithium supply by 2025: UBS AG

The bank expects Chinese-controlled mines, including projects in Africa, to raise output to 705,000 tons by 2025, from 194,000 tons in 2022

Xi urges lawmakers to focus on China's stability at start of third term

He vowed to oppose foreign interference on Taiwan, a veiled reference to increasing American support for the democratically elected government in Taipei

HPS, Oaktree among firms pitching deals for trapped SVB deposits

According to the report, some are offering to buy claims on the deposits of SVB clients, including startups and publicly traded companies, at discounts of between 60 cents to 75 cents on the dollar

Silicon Valley Bank fallout: A breather as USDC jumps back to $1 peg

Circle said it's possible "SVB may not return 100 per cent and that any return might take some time"

From Shanghai to Mumbai, tech chiefs race to contain SVB fallout

And while the direct impact to Asia is limited because of SVB's focus on Silicon Valley, the collapse is set to affect the banking industry's credibility

Fallout from SVB collapse spreads around world from London to Singapore

Founders are warning that the bank's failure could wipe out startups around the world without government intervention

FDIC, US Fed discuss fund to backstop deposits if more banks fail

The hope is that setting up such a vehicle would reassure depositors and help contain any panic

Safety law likely to shut UK WhatsApp services, says Will Cathcart

The Online Safety Bill before Parliament could effectively make the service's privacy features illegal

All share-backed loans prepaid, Adani executives tell investors at UK meet

But shares of two more group firms reported to be pledged

China plans to tighten grip on finance industry; watchdogs face pay cuts

Currently, China Securities Regulatory Commission and the CBIRC are among rare central government agencies that pay their staff significantly above the compensation of civil servants, said the people

Gender equality will take 300 years to achieve, says UN chief

Pay gap for women who've never got married getting bigger: Study

Sanjeev Gupta takes over assets of father's Simec Group

The business is involved in renewable energy, shipping and mining, and was founded by the magnate as an export-and-import house in India

Price cap to be raised to counter India's robust power demand

Unusually high temperatures for this time of year are fueling predictions that electricity demand might rise to a record this summer

Meta Platforms planning to lay off thousands more as early as this week

The imminent round of cuts is being driven by financial targets and is separate from the "flattening," said the people, who asked not to be identified