The initial block sale with Adani Group that attracted foreign portfolio investors (FPIs) to the Indian market has been countered by concerns about contagion among international banks. Global investors’ spirits were low as a result of the failure of Silicon Valley Bank and Signature Bank as well as a liquidity crisis affecting other US and…
SVB collapse: With the start of the Silicon Valley Bank (SVB) crisis, the equities market experienced a sharp sell-off. Yet, the SVB problem is evolving into a US banking crisis as a few additional institutions, including Signature Bank, First Republic Bank, and others, have had financial difficulties. In fact, Credit Suisse, the second-largest Swiss bank…
Rajesh Gopinathan, the outgoing MD & CEO of Tata Consultancy Services (TCS), said, “If you have to leave, it’s always better to leave when everything is good, rather than when everyone is rooting to get you out,” in response to a TOI inquiry about whether his accelerated exit was the result of any disagreement with…
This week, stress in the U.S. banking system spread to Europe, making things worse for Credit Suisse, which was already in trouble. The European lender has had trouble for a long time. But on Wednesday, the problems with the bank became very clear. After a crazy 24 hours in which the bank’s stock price dropped…
AHAN – I sold shares of Biocon in the open market on Friday, which resulted in a 9.04 percent decline in the company’s stock price. According to the NSE bulk sales data, AHAN-I sold 189,28,363 equity shares of the firm at an average price of 200.74. The transaction’s buyers are not immediately identified. The Indian…
The USD/CAD hit a new daily high of 1.3772 on Friday, as the Loonie went down and the Greenback went up and down. The pair is about to lose a small amount for the week, even though it has moved away from the bottom. Bad and ugly thingsThe Canadian Industrial Product Price Index went down…
Prior to two of the largest banking catastrophes in American history, credit-rating agencies held regional banks in high regard. Fast failures at Silicon Valley Bank and Signature Bank raise the possibility that bondholders won’t ever receive their money back. Before regulators intervened to guarantee those accounts, uninsured depositors feared they would lose their money. Both…
Ten days ago, you could have believed that the banks had recovered from the horror of the 2007–2009 financial crisis. It is now obvious that they are still capable of terrifying people. On March 9, $42 billion in deposits fled Silicon Valley Bank as a result of an aggressive run. Three American lenders failed in…
Los Angeles: First Republic Bank received a $30 billion deposit injection from large US banks on Thursday, stepping in to save the institution who was embroiled in a growing crisis brought on by the failure of two other mid-size US lenders over the previous week.After Silicon Valley Bank failed last week due to bond-related losses…
Between May 2022 and February, the Reserve Bank of India (RBI) increased the repo rate, which is used to communicate interest rates in the economy, by 2.5%. If we merely consider this data point of 2.5%, it could not mean much. It is significant, though. This is substantially faster than the preceding rate cycles, according…
