(Reuters) – The U.S. Federal Reserve said it will hold a closed-door meeting of its board of governors under expedited procedures on Monday. The meeting from 11:30 a.m. (0330 GMT) will primarily review and determine the advance and discount rates to be charged by the Federal Reserve banks, the Fed said in a statement. The …
U.S. Federal Reserve governors to hold closed-door Monday Read More »
WASHINGTON (Reuters) – Four crew members aboard a SpaceX Crew Dragon capsule splashed down off Florida’s Gulf coast on Saturday, returning safely from a five-month science mission on the International Space Station. The SpaceX capsule, dubbed Endurance, parachuted into waters off the coast of Tampa just after 9 p.m. EST (0200 GMT) carrying two NASA …
SpaceX capsule returns crew of four from space station mission Read More »
(Reuters) – The U.S. Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into trouble in the wake of Silicon Valley Bank’s collapse, Bloomberg News reported on Saturday. Regulators discussed the new special vehicle in conversations with …
US weighs new fund to backstop deposits if more banks fail, Bloomberg News says Read More »
(Reuters) -The managers of Silicon Valley Bank’s investment banking arm, SVB Securities, are exploring ways to buy the collapsed lender back from its parent company, Bloomberg News reported on Saturday. SVB Securities Chief Executive Officer Jeff Leerink and his team are seeking help to finance a potential management buyout of the business, the report said, …
SVB’s investment banking arm explores buying lender back, Bloomberg News reports Read More »
(Reuters) -Hedge funds are offering to buy startup deposits stranded at Silicon Valley Bank (SVB) for as little as 60 cents on the dollar, Semafor reported on Saturday, citing people familiar with the matter. Bids range from 60 to 80 cents on the dollar, the report said adding that the range reflects expectations for how …
Hedge funds offering to buy startup deposits stuck at Silicon Valley Bank -Semafor Read More »
WASHINGTON (Reuters) – U.S. President Joe Biden spoke with California Governor Gavin Newsom on Saturday about the Silicon Valley Bank failure and efforts to address the situation, the White House said after the bank’s collapse. A White House statement said Biden discussed with Newsom an emergency declaration he issued on Friday to ensure California has …
Biden speaks with California governor about Silicon Valley Bank – White House Read More »
(Reuters) – The Federal Deposit Insurance Corporation (FDIC), which is overseeing the emergency breakup of SVB Financial Group, is racing to sell assets and make a portion of clients’ uninsured deposits available as soon as Monday, Bloomberg News reported on Saturday, citing people with knowledge of the situation. (Reporting by Akanksha Khushi in Bengaluru; Editing …
By Echo Wang (Reuters) – In the middle of last week, Moody’s Investors Service Inc delivered alarming news to SVB Financial Group, the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade the bank’s credit.That phone call, described by two people familiar with the situation, began the process toward Friday’s spectacular collapse …
Silicon Valley Bank’s demise began with downgrade threat Read More »
By Alexander Villegas JULIACA, Peru (Reuters) – In a small bedroom of a tin-roofed home in Peru’s southern city of Juliaca, Asunta Jumpiri holds the torn red and black sweatshirt of her 15-year-old son, whose dark eyes stare back at her from half a dozen framed photos around the room. Â Â Â Her son Brayan was …
In Peru’s Andes, scars of protest deaths cut deep as families seek justice Read More »
By Elizabeth Howcroft and RISHABH JAISWAL LONDON (Reuters) -Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday before recovering most of its losses after Circle, the firm behind it, assured investors it would honor the peg despite exposure to failed Silicon Valley Bank. Circle said in a tweet …
Circle assures market after stablecoin USDC breaks dollar peg Read More »
