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Moody’s downgrades the US banking system’s outlook to negative, citing a “rapidly deteriorating operating environment”
Moody's Investors Service revised its outlook on the whole banking industry from "stable" to "negative" just days after Silicon Valley...
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US Justice Department launches probe into collapse of Silicon Valley Bank: Report
According to the Wall Street Journal, US Justice Department has launched an investigation into the failure of Silicon Valley Bank....
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Facebook-parent company, Meta to lay off 10,000 employees in second round of layoffs
Meta Platforms, the parent company of Facebook, announced 10,000 job cuts on Tuesday, becoming the first Big Tech corporation to...
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Debacle at Silicon Valley Bank: UK PM abroad, global markets blocked, and HSBC’s push for a buyout
According to a new revelation, the stunning collapse of Silicon Valley Bank in the United States triggered frenetic developments in...
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Damage control mode following SVB collapse, Biden insists the American banking system is ‘safe’
Within hours after the failed Silicon Valley Bank (SVB) was auctioned off, US President Joe Biden took the podium to...
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Second American bank after SVB fails, Fed says it will keep “depositors’ savings safe”
On the same day that regulators announced the closure of a second tech-friendly bank, US authorities announced comprehensive measures to...
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Electric cars are ditching AM radio- Here’s why it is still a relevant and critical safety tool
Several electric vehicles (EV) manufacturers are removing AM radios from their vehicles, which government officials fear may endanger people in...
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Wells Fargo claims ‘technical issue’ is to blame for clients reporting missing deposits
A "technical issue" was affecting missing deposits in some Wells Fargo accounts, the bank said Friday. Some Wells Fargo clients...
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CEO of Silicon Valley Bank sold $3.6 million in stock just days before the collapse
CEO Greg Becker of Silicon Valley Bank sold $3.6 million of company stock under a trading strategy less than two...
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