Central Bank watched for risks after SVB's collapse The Central Bank said it was closely watching for "broader spillover risks" in the aftermath of the collapse of Silicon Valley Bank (SVB). Business • 17 May
Former SVB CEO says rate hikes, withdrawals sank bank Greg Becker, the former CEO of failed lender Silicon Valley Bank, has apologised in congressional testimony for its "devastating" collapse while citing rising interest rates … Business • 16 May
HSBC rewards shareholders with dividend as profit rises HSBC Holdings said today that its quarterly profit tripled, beating expectations, as rising interest rates worldwide boosted the lender's income and helped it pay a … Business • 02 May
JPMorgan profit surges 52% on robust consumer business JPMorgan Chase & Co's profit climbed in the first quarter as higher interest rates boosted its consumer business in a period that saw two of … Business • 14 Apr
Do not panic about US banking industry - Buffett Warren Buffett today said people should not be panicked about the banking industry or the safety of US bank deposits, despite the recent failures of … Business • 12 Apr
JPMorgan's Dimon says US banking turmoil not over The US banking crisis is ongoing and will have effects for years to come, JPMorgan Chase & Co CEO Jamie Dimon wrote in a letter … Business • 04 Apr
Outlook for European banks still cloudy as storm abates European banking stocks were meant to shine in 2023, but after a two-week storm which had analysts and investors rushing to rework their spreadsheets, the … Business • 31 Mar
US regulator probes First Republic insiders stock sales Massachusetts regulators have opened an investigation into sales of company stock by top executives at First Republic Bank in the weeks leading up to the … Business • 31 Mar
Banking sector rebound remains fragile Investor confidence in the banking sector remained fragile today, with the European Central Bank saying recent volatility highlighted the need for greater regulatory scrutiny. Business • 28 Mar
Oil rises on Kurdistan output halt and banking optimism Oil prices rose today after a halt to oil exports from Iraqi Kurdistan via Turkey and moves to contain a potential banking crisis that could … Business • 27 Mar
First Citizens to buy Silicon Valley Bank - FDIC First Citizens BancShares will buy all of Silicon Valley Bank's deposits and loans from the Federal Deposit Insurance Corporation (FDIC), according to the US regulator. Business • 27 Mar
European bank shares fall as crisis leaves mark Banking shares slipped in Europe today as the instability that surged through the global banking system this month is prompting investors to adjust to more … Business • 23 Mar
Yellen vows to safeguard US bank deposits The US banking system is stabilising after strong actions from regulators, but further steps to protect bank depositors may be needed if smaller institutions suffer … Business • 21 Mar
Social media-driven bank runs a burden for regulators The speed at which depositors fled Silicon Valley Bank this month - withdrawing $42 billion in 24 hours - has left authorities confronting a new … Business • 21 Mar
What next for banking following Credit Suisse rescue? As in politics, a week is a long time in banking. A little over seven days ago, all appeared well in the world of global … Business • 20 Mar
First Republic shares fall 50% on fresh liquidity fears Shares of First Republic Bank tumbled 35% today, adding to recent losses after a report the regional bank could raise more money fanned worries about … Business • 20 Mar
FDIC to break up SVB, seeks sale of private unit The US Federal Deposit Insurance Corporation has decided to break up Silicon Valley Bank and hold two separate auctions for its traditional deposits unit and … Business • 20 Mar
SVB Financial seeks bankruptcy protection for reorg SVB Financial Group said it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets, days after its former … Business • 17 Mar
Oil prices extend losses on ECB rate hike, banking woes Oil prices extended losses today, trading near 15-month lows, after the European Central Bank raised interest rates and as fears of a global banking crisis … Business • 16 Mar
Yellen tells senators US banking system 'remains sound' The US banking system remains sound and Americans can feel confident that their deposits will be there when needed, US Treasury Secretary Janet Yellen will … Business • 16 Mar
Credit Suisse shares soar after central bank lifeline Shares of embattled Credit Suisse surged this morning after announcing it would borrow up to $53.7 billion from the Swiss central bank, calming markets following … Business • 16 Mar
ECB increases euro zone interest rates again The European Central Bank raised interest rates by 50 basis points today as promised, ignoring financial market chaos and calls by investors to dial back … Business • 16 Mar
Credit Suisse: Scandals and market panic Credit Suisse shares went into free fall today, as the banking giant battered by a series of scandals, was seen as the "weakest link" in … World • 15 Mar
Irish banking sector 'in good stead into the future' The level of capitalisation and liquidity in the Irish banking sector is very strong, the chief executive of the Irish Banking and Payments Federation Ireland … Business • 15 Mar
EU says SVB collapse has 'limited' impact on bloc Silicon Valley Bank had only a limited presence in the European Union, but its collapse shows why lightly regulated foreign lenders need to meet stricter … Business • 15 Mar
