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Deposits in the country’s banking system are stabilising, Reuters reported citing unnamed US official. A United States official has said

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

Complainants said Sequoia Capital, Thoma Bravo and Paradigm were ‘incentivized’ to tout FTX by their $550m investment. Former customers of

In a letter notifying Congress of the move, Janet Yellen did not alter a projected deadline of hitting debt cap

Colombo, Sri Lanka – More than 180 prominent economists and development experts from around the world have made a global

Sam Bankman-Fried responds to a series of tweets from the chairwoman of the US House Financial Services Committee. The former

From: Counting the Cost Sam Bankman-Fried’s empire sank from a value of $32bn all the way to bankruptcy. FTX has

If India buying oil from Russia, ‘we also have a right’, minister says as Pakistan aims to preserve its shrinking

The second such IMF visit is on Wednesday as Sri Lanka scrambles to lock in $3bn to pave its way

The country’s debt burden is considered ‘unsustainable’ leading the lender to seek assurances from creditors The International Monetary Fund (IMF)