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SVB Financial to sell Indian arm to First Citizens

Finance

21 March, 2024

SVB Financial to sell Indian arm to First Citizens

The bankrupt parent company of Silicon Valley Bank plans to sell its entire stake in Indian subsidiary SVB Global Services ......

Global markets in 2023: Soaring stocks, roaring bonds defy the doubters

Markets

22 December, 2023

Global markets in 2023: Soaring stocks, roaring bonds defy the doubters

This year might go down as one of the most unusual ever in financial markets - mainly because everything seems ......

SoftBank exploring offering credit to tech startups

TMT

23 May, 2023

SoftBank exploring offering credit to tech startups

SoftBank Investment Advisers, which manages two Vision Funds, is exploring launching a private credit strategy that provides debt or debt-like ......

American regulator received 20 bids for SVB including big PE names

Finance

11 May, 2023

American regulator received 20 bids for SVB including big PE names

Blackstone Inc and Apollo Global Management were among about 20 bidders for some assets of collapsed Silicon Valley Bank, the ......

Silicon Valley Bank bets $16 mn on Indian audioshows platform

TMT

02 May, 2023

Silicon Valley Bank bets $16 mn on Indian audioshows platform

Gurugram-based Pocket FM, which operates an eponymous audioshows platform, on Tuesday said it has secured $16 million (around Rs 130 ......

Norway wealth fund to exit more 'rotten apple' stocks after selling Adani shares

Finance

18 April, 2023

Norway wealth fund to exit more 'rotten apple' stocks after selling Adani shares

Norway's $1.4 trillion sovereign wealth fund, one of the world's largest investors, plans to put more effort into identifying and ......

Global hedge funds move stakes out of American lenders after SVB fall

Finance

27 March, 2023

Global hedge funds move stakes out of American lenders after SVB fall

Global hedge funds cut their exposure to U.S. banking stocks to a near 10-year record low and fled lending-sensitive shares ......

First Citizens Bank agrees to buy Silicon Valley Bank

Finance

27 March, 2023

First Citizens Bank agrees to buy Silicon Valley Bank

First Citizens BancShares Inc said on Monday it will acquire Silicon Valley Bank's deposits and loans as well as certain ......

Why dealmakers expect M&A activity to pick up despite facing 'brick wall'

Finance

24 March, 2023

Why dealmakers expect M&A activity to pick up despite facing 'brick wall'

Some of the most prominent rainmakers in the world of corporate mergers struck a note of optimism about dealmaking on ......

Govt seeks data on PSU banks' bond portfolios amid global banking turmoil

Finance

23 March, 2023

Govt seeks data on PSU banks' bond portfolios amid global banking turmoil

India has asked state-owned lenders to submit details of their bond portfolios ahead of a quarterly meeting between the government ......