• FDIC to break up SVB, aim for separate private unit sales

    March 20 (Reuters) – The Federal Deposit Insurance Corporation on Monday decided to break up Silicon Valley Bank (SVB) and hold two separate auctions for its traditional deposit division and its private bank after failing to find a buyer for the failed bank last week found a lender. It will bid for Silicon Valley Private […]

  • UBS is in talks to acquire Credit Suisse-FT

    17 March (Reuters) – Banking giant UBS (UBSG.S) is in talks to acquire all or part of Credit Suisse (CSGN.S). Times reported Friday. The Swiss National Bank and regulator FINMA are organizing the talks in an effort to build confidence in the country’s banking sector, the report said, citing people familiar with the matter. On […]

  • Silicon Valley Bank stock slides on stock sale plan to cope with cash burn

    Deposits fall faster than predicted – SVB Capital raise, PE injection, asset restructuring to help The stock plummets 42% in afternoon trading March 9 (Reuters) – Shares of SVB Financial Group (SIVB.O) fell 42% on Thursday, a day after the lender launched a $1.75 billion share sale to strengthen its balance sheet and deal with […]

  • The US will not contest Amazon.com’s plan to buy One Medical, says FTC official

    WASHINGTON, Feb. 21 (Reuters) – The US Federal Trade Commission will not file a complaint to stop Amazon.com’s (AMZN.O) plan to buy primary care provider One Medical, an FTC official said on Tuesday. Amazon.com Inc said in July it would buy One Medical for $3.49 billion, expanding the e-commerce giant’s virtual healthcare business and adding […]

  • HSBC’s dividend boom was offset by concerns that the gain from the rate hike could be over

    Q4 pre-tax profit of $5.2 billion, better than analyst estimates Return on equity target not raised, Hong Kong shares fall 2.1% Special dividend of $0.21/share once asset sale in Canada is completed New share buybacks are being considered in Q1 2023 ‘Don’t cut costs’ – CEO; $300 million hit from the sale of operations in […]