Back-to-back bank collapses came after deregulatory pushThe back-to-back bank failures have unnerved investors, customers and regulators, kindling fears of a repeat of the 2008 crisis that toppled hundreds of banks
Silicon Valley Bank is not Lehman BrothersBack then, we were dealing with collapsing banks and plunging demand; these days, banking has been a back-burner issue and the big problem has seemed to be inflation
UAE banks stay strong and well-insulated against contagion risksThe profitability of the top 10 UAE lenders increased by 31.7 per cent in 2022 year-on-year as higher interest rates boost earnings
Amlak Finance annual profit drops 55% to Dh476 million in 2022 Debt settlement arrangements yielded Dh349 million net gain and contributed to total debt reduction of Dh1.07 billion including Mudaraba Instrument of Dh228 million
SVB, Signature Bank collapse: Will it affect startups in the UAE?Experts do not not rule out the possibility of entities in the UAE’s tech sector having some exposure to SVB
Silicon Valley Bank collapses; Which is the worst banking crisis world has seen so far?We asked ChatGPT which factors triggered the financial doomsday
Biden to defend US banking system after SVB, Signature collapseOn Sunday, Biden hinted at new regulation of big banks after the biggest US bank failure since the 2008 financial crisis, but faces a divided Congress unlikely to approve tougher new rules
FDIC names Tim Mayopoulos as CEO of Silicon Valley BankRegulators shuttered the startup-focused lender on Friday after a run on its deposits that left it with a dearth of capital
European stock markets fall sharply after SVB collapseThe UK arm of the tech lender was bought by HSBC for a pound