Timeline: How the 2023 banking crisis unfolded
As two US lenders failed, Credit Suisse in Switzerland requested a government lifeline, and America’s top banks agreed to give…
Editor Currencyveda
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Fed’s Kashkari: Banking stress brings US closer to recession
WASHINGTON: Neel Kashkari, president of the Minneapolis Fed, said in remarks to the CBS broadcast Face the Nation on Sunday…
Intel co-founder Gordon Moore, prophet of the rise of the PC, dies at 94
SAN FRANCISCO: Intel Corp. co-founder Gordon Moore passed away on Friday at the age of 94, the company confirmed. Moore…
IMF chief warns risks to financial stability have increased
BEIJING: With the recent volatility in the banking sector, IMF chief Kristalina Georgieva said on Sunday that risks to financial…
Sun Pharma flags revenue hit from IT ‘incident’
BENGALURU: Due to a “IT security issue” that occurred earlier this month, drugmaker Sun Pharmaceutical Industries Ltd will experience a…
First Citizens buys Silicon Valley Bank
First Citizens BancShares Inc. has agreed to purchase Silicon Valley Bank, which was taken over by authorities after a run…
Parts of Twitter source code leaked online
Los Angeles: A legal document revealed that some of Twitter Inc.’s source code has been leaked, and the social media…
Govt looks to tweak insurance plaint rules to cut case count
The government is pushing for a number of changes, including higher limitations for the ombudsman, because insurance is the main…
Hyundai eyes local manufacturing for luxe brand Genesis
In NEW DELHI: With nearly three decades of experience under its belt in the Indian market, South Korean Hyundai is…
Paytm needs govt nod on FDI for aggregator licence
To obtain a payment aggregator licence from the RBI, Paytm Payments Services (PPSL) will require regulatory clearance for investments from…