From the sudden collapse of the SVB to the consequences of Credit Suisse: 8 charts show turbulence in the financial markets
A tumultuous week in US financial markets ended on an uncertain note Friday after a massive $30 billion injection of large bank deposits into First Republic Bank failed to appease investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – concerns about weakness in […]
What happened to Silvergate Capital? And why does it matter?
Silvergate capital AND served as one of the most important banks for the crypto industry before it collapsed earlier this week. The news came just a week after the company delayed its annual report to the U.S. Securities and Exchange Commission, causing Silvergate Capital’s shares to collapse. Here’s a rundown of the timeline of what […]
European bank shares fall on concerns about their bond holdings
Last Updated: March 10, 2023 at 4:19 AM ET First published: March 10, 2023 at 4:17 a.m. ET Shares in European banks plummeted Friday on health concerns following a series of rate hikes around the world. The Stoxx Europe 600 XX:SX7P banking index fell more than 4%, with shares in Deutsche Bank XE:DBK up 7%, […]
Ozy Media, CEO Carlos Watson accused of fraud
Ozy Media and Chief Executive Carlos Watson were indicted on charges of lying to investors and lenders about the size of the company’s audience and other aspects of the company, a crippling blow to a once-promising start-up that gained support from early on. big brand advertisers and venture capitalists. Mr. Watson was arrested Thursday morning […]