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Silicon Valley's Proof Group, a renowned investment firm, is bidding to relaunch FTX, the crypto exchange that shook the industry when it collapsed nearly a year ago. Proof Group is part of the Fahrenheit consortium that successfully bid to…

Sundry Photography/iStock Editorial via Getty Images The collapse of Silicon Valley Bank earlier this year was likely not an isolated incident, and many other banks may fail, according to a Duke University business school professor.…

“People want an authority to tell them how to value things, but they choose this authority not based on facts or results –– they choose it because it seems authoritative or familiar.” -Michael Lewis, The Big Short.Renowned author…

© Reuters. FILE PHOTO: The HSBC bank logo is seen in the financial district of Canary Wharf in London, Britain, March 3, 2016. REUTERS/Reinhard Krause/File Photo (Reuters) - HSBC is set to announce next month that the UK subsidiary of…

Jeremy Hunt spoke about Britain's prospects of becoming the "world's next Silicon Valley" at a summit with creative industry leaders. The chancellor said the prime minister's ambition for the UK to become a "science and technology…

The Federal Reserve has admitted that it should have taken more action before the Silicon Valley bank collapsed on March 10.The Federal Reserve said on Friday that it was partly responsible for the collapse of the Silicon Valley bank,…

A new campaign has been launched in Silicon Valley to drive investment in the UK's trillion-dollar technology sector to support emerging technologies and economic growth, amid UK plans to increase spending on research and development…

breadcrumb links PMN Economics PMN Business Article author: Reuters Scott Murdoch and Mahnaz Yasmin Posted March 27, 2023 • 4 minutes to read Article content US regulators said Monday they…

Shares of regional banks rose Monday after a late-night agreement by First Citizens to buy the assets of failed lender Silicon Valley Bank.Updated at 6:52 AM ESTFirst Citizens BancShares (FCNCA) - Get a free reportIt agreed to buy failed…

Dow Jones futures rose slightly Sunday night, along with futures for the S&P 500 and Nasdaq futures. The banking crisis remains in focus. The headlines have been relatively muted so far this weekend, though a deal could be close for…