Hints and tips:
Related Special Reports
...Dirk Lievens, who is head of Goldman’s financial institutions group for Europe, the Middle East and Africa, moved to Paris last month to be closer to the company’s continental European clients, including...
...“We are only seeing the tip of the iceberg of Chinese outbound investment,” Ng told the Financial Times....
...This is an audio transcript of the FT News Briefing podcast episode: ‘What we learned from the collapse of SVB’ Saffeya AhmedGood morning from the Financial Times....
...In the 24 hours after the collapse of SVB, I investigated further....
...“SVB knew their client segment really well,” said the chief financial officer of a $1bn software start-up....
...“You still have to be competitive,” Spence told the Financial Times. “I just think you’re not fighting irrationality the way maybe we would have been before.”...
...While regulators scour the balance sheets of regional banks, shares in Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group have risen about 40 per cent this year on...
...Plus, a new Bain & Co report reveals that private equity groups are sitting on a record of unsold assets....
...Forget social media; that’s a below-average-sized group text....
...When SVB’s parent company, the SVB Financial Group, collapsed Bank of England regulators warned UK depositors of wait times of at least seven days to receive their government-guaranteed deposits, capped...
...In March last year, SVB UK was hit by a liquidity crisis after its US parent was shut down by US authorities. It was eventually acquired by HSBC for £1....
...In 2022, the average spend in a Napa Valley tasting room was almost $500, again according to the SVB report....
...For further reading: JPMorgan takes almost a fifth of total US bank profits US regional banks hope for profit revival as pain from SVB fallout eases JPMorgan: the bank that never lets a crisis go to waste...
...Global regulators at the Financial Stability Board are doing a “deep dive” into rapid deposit flight and whether more buffers might be needed....
...Becker resigned from the Fed’s board the day that SVB was closed....
...Managing partner Varun Chandra told the Financial Times in an interview that governments and regulators had become more “interventionist”, fuelling demand for insight into their thinking....
...SVB Financial Group has sued the US Federal Deposit Insurance Corporation in a bid to recover $1.9bn in cash that the regulator has kept since it took over the group’s banking subsidiary in March....
...“In the failure of SVB, numerous potential bidders were excluded from the process, and as a result the cost to the FDIC deposit insurance fund might not have been minimised.”...
...Private equity group Carlyle and Abu Dhabi investment group IMI have agreed a fresh debt funding package for the Barclay family’s Very Group, the Liverpool-based retail and financial services group....
...SVB Financial Group includes the investment bank as well as an asset management business....
...At the time of SVB’s collapse, there were $43bn of USDC tokens in issue....
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...Can financial engineering lead to a sturdier company? Holcim AG, the Switzerland-based building materials group, thinks so....
...The investment group’s criticism comes after similar complaints in the FDIC’s handling of the sale of some SVB assets....
...After narrowing losses to $9.1mn in 2022, equity analysts forecast the financial technology group will this month report $1bn of annual net income for 2023....
International Edition