(Reuters) -British clearing bank The Bank of London is considering a rescue bid for the UK arm of collapsed U.S. bank Silicon Valley Bank, Sky News reported on Saturday. The British bank has appointed investment bank Perella Weinberg Partners to advise it on its interest in Silicon Valley Bank UK Limited (SVB UK), the report …
Bank of London weighs rescue bid for Silicon Valley Bank’s UK arm – Sky News Read More »
LONDON (Reuters) – Following are reactions to the decision by the BBC to take “Match of the Day” presenter and former England soccer captain Gary Lineker off the air, after he strongly criticised the British government’s policy on migrants this week. BRITISH PRIME MINISTER RISHI SUNAK “I hope that the current situation between Gary Lineker …
Reaction to Lineker being pulled from presenting by the BBC Read More »
By David French, Echo Wang and Alun John (Reuters) – Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded. California banking regulators closed the bank, which did business …
Silicon Valley Bank is largest failure since 2008 crisis, billions stranded Read More »
By Pete Schroeder and Nupur Anand WASHINGTON/NEW YORK (Reuters) – The rapid unraveling of SVB Financial Group has blindsided the banking industry after years of stability. The collapse on Friday, the largest bank failure since the 2008 financial crisis, had a unique set of circumstances but raised questions about hidden weaknesses that could have consequences …
JAKARTA (Reuters) – Indonesia’s Merapi volcano erupted on Saturday, spewing hot cloud up to seven kilometres, the country’s disaster management agency said in a statement. The volcano located in Indonesia’s Yogyakarta special region erupted around 12 p.m local time (0500 GMT) and a lava flow of 1.5 km was observed, the local authority said. Residents …
Indonesia’s Merapi volcano erupts, spews hot cloud Read More »
By Laurie Chen and Tony Munroe BEIJING (Reuters) -Li Qiang, the former Communist Party chief of Shanghai, took office on Saturday as China’s premier, the country’s No.2 post, putting the close ally of President Xi Jinping in charge of reviving an economy battered by three years of COVID-19 curbs. Widely perceived to be pragmatic and …
Li Qiang becomes China’s premier, tasked with reviving economy Read More »
(Corrects date in headline and first paragraph) WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken will travel to Ethiopia and Niger from March 14-17 to discuss regional issues and meet with an African Union leader, the State Department said on Friday. In Addis Ababa, Ethiopia on March 15, Blinken will discuss implementation of the …
Blinken to travel to Ethiopia, Niger March 14-17 -State Dept Read More »
(Reuters) – Meta Platforms Inc said on Friday it is exploring strategic alternatives for customer service company Kustomer that it acquired in a process ending last year. “We are currently exploring strategic alternatives for Kustomer and will continue to support Kustomer’s product and customer base throughout this process,” the Facebook owner said in an emailed …
Meta explores strategic alternatives for Kustomer business-software firm Read More »
By Hannah Lang (Reuters) -Greg Becker, the chief executive officer who presided over the collapsed Silicon Valley Bank, joined the company three decades ago as a loan officer. The executive cut his teeth during the dotcom bubble and later steered the startup-focused lender in the wake of the 2008 global financial crisis. He became president …
Who is Greg Becker, the head of failed Silicon Valley Bank? Read More »
By Yew Lun Tian BEIJING (Reuters) -Xi Jinping secured a precedent-breaking third term as president of China on Friday during a parliamentary session in which he tightened his control of the world’s second-largest economy as it emerges from a COVID slump and diplomatic challenges mount. Nearly 3,000 members of China’s rubber-stamp parliament, the National People’s …
Xi clinches third term as China’s president amid host of challenges Read More »
