Relief over Credit Suisse rescue short-lived as bank shares sink | Business and Economy
Banking stocks and bonds plummeted on Monday after UBS Group sealed a state-backed takeover of troubled peer Credit Suisse Group
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Bankruptcy
Employees ‘shocked’ after historic bank deal in Switzerland | Business and Economy News
A bank employee association said it was deeply shocked by the potential consequences of the UBS-Credit Suisse deal. Switzerland awoke
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New York Community Bank to buy failed Signature Bank | Business and Economy
The 40 branches of Signature Bank will become Flagstar Bank, starting Monday, the FDIC said late on Sunday. New York
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US sees bank deposits stabilise even as some regional banks reel | Business and Economy News
Deposits in the country’s banking system are stabilising, Reuters reported citing unnamed US official. A United States official has said
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Silicon Valley Bank seized by FDIC as depositors pull cash | Business and Economy News
The bank failed after depositors – mostly technology workers and venture capital-backed companies – created a run on it. The
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FTX customers sue financiers for giving it ‘air of legitimacy’ | Crypto News
Complainants said Sequoia Capital, Thoma Bravo and Paradigm were ‘incentivized’ to tout FTX by their $550m investment. Former customers of
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US Treasury activates another measure to avoid debt cap breach | Business and Economy News
In a letter notifying Congress of the move, Janet Yellen did not alter a projected deadline of hitting debt cap
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Is debt cancellation the way forward for Sri Lanka? | Business and Economy News
Colombo, Sri Lanka – More than 180 prominent economists and development experts from around the world have made a global
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Former CEO of failed FTX says he’s willing to testify to Congress | Crypto News
Sam Bankman-Fried responds to a series of tweets from the chairwoman of the US House Financial Services Committee. The former
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FTX collapse: What’s next for the cryptocurrency industry? | Crypto
From: Counting the Cost Sam Bankman-Fried’s empire sank from a value of $32bn all the way to bankruptcy. FTX has
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