Page 9 - Bloomberg

Was the Fed too late on SVB even though it saw problem after problem?

As the upgraded crew took over, it fired off a series of formal warnings to the bank's leaders, pressing them to fix serious weaknesses in operations and technology

Elizabeth Holmes files fresh plea to put off prison as she appeals

Holmes already has initiated an appeal of last year's jury verdict finding her guilty of multiple criminal counts of defrauding investors. That process could take as long as two years

Bank turmoil poses a $600 billion question for battered investors

Bank investors have largely been selling first and leaving that question for later. Around $600 billion dollars of market value has evaporated from the 70 biggest US and European banks since March 6

Universities race to recapture international students to shore up revenue

In Australia, where education is the fourth-biggest export, more than 28,000 Chinese returned to universities last month, with another 35,000 visa holders from the country still eligible

China should share raccoon dog's genetic data in Covid Probe, says WHO

The data could have and should have been shared three years ago, WHO Director-General Tedros Adhanom Ghebreyesus said Friday at a press conference

Apple, Microsoft dominance on stock indexes grows in benchmark overhaul

Tech will remain by far the largest of the 11 industries in the S&P 500. It accounts for 29% of the S&P 500, its highest in more than a year, and up from a January low of 25.3%

Banks borrow $164.8 billion from US Fed in rush to backstop liquidity

The data also showed $11.9 billion in borrowing from the Fed's new emergency backstop known as the Bank Term Funding Program, which was launched Sunday

Middle-class India has a new obsession: Expensive pre-wedding videos

Middle-class India has a new obsession: pre-wedding videos. They're extravagantly designed and choreographed, with music, dance routines and, often, movie-style sets

PM Modi's adviser says India economy can withstand heat wave impact

Even if heat waves strike again and crops get affected, overall growth should not suffer, according to Poonam Gupta, head of the National Council of Applied Economic Research

Credit Suisse gets lifeline of $54 bn. Now it's time to win back clients

The bank has consistently said it has sufficient liquidity, a position the backstop only strengthens

South Korea's battery giants Samsung, LG in hot demand from US to Europe

Eight US states - including Kentucky, Georgia, North Carolina, Tennessee and Indiana - delivered presentations on the benefits they can offer Korean firms as a base for new manufacturing plants

IMF wants friendly nations to give funds to cash-strapped Pak before deal

This has led to a delay in concluding talks with the IMF for the program, Pakistan Finance Minister Ishaq Dar told the upper house of parliament on Thursday

Silicon Valley Bank looking for a buyer after dragged-out FDIC sale failed

It's left a mess that government officials, banking agencies and potential bidders are still trying to work out as they also navigate a deal for Signature Bank and try to bolster First Republic Bank

Credit Suisse got a $54 bn lifeline, now it needs to win back clients

In Asia, several ultra-wealthy clients continued to cut back their exposure amid the tumult this week. In the Middle East, some customers asked the bank to convert cash deposits into treasury bills

Meta starts next round of layoffs with 1,500 jobs in recruiting, HR: Report

During an internal meeting with employees, Chief Executive Officer Mark Zuckerberg told employees the economic climate of layoffs and restructuring could last many years

Boeing, Airbus boost search for India talent as demand for aircraft rises

With about 1.5 million engineering students graduating annually, India is a rich source of talent for planemakers facing record orders from airlines as travel surges again after the Covid pandemic

Zee Entertainment set to repay IndusInd $10 million to wrap Sony deal

The settling of dues of about Rs 837 million ($10 million) to the lender could happen as early as Friday and the Mumbai-based bank has agreed to withdraw its insolvency proceedings

Microsoft to bring OpenAI's chatbot tech to Outlook, Word, Power Point

AI-powered assistants called Copilots will be able to generate whole documents, emails and slide decks from knowledge the software has gained scanning corporate files and listening to conference calls

Indian industries stock up on coal to avoid shortages during summer

The fear of disruptions to mine output when monsoon rains begin a couple of months later is also a factor

Baidu's shares dive 10% after pre-recorded demo of AI chatbot disappoints

Thursday's launch was to have been a watershed moment for China's technology industry, lifting the lid on how AI has progressed in the world's largest internet economy