Valley National slump hits Bank Leumi
Leumi's shares in Valley National Bankcorp, which amounted to NIS 3.6 billion by the end of 2022, are worth only NIS 2 billion.
Bank Leumi (level:roomThe share…
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Federal Reserve Takes the Blame for Silicon Valley Bank Failure
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,…
Silicon Valley campaign set to promote UK’s trillion-dollar tech sector
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…
U.S. backstops Silicon Valley Bank sale to First Citizens
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…
First Citizens Buys Silicon Valley Bank Loans, Deposits From FDIC: Bank Stocks Gain
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 Rise, Silicon Valley Bank Sale Close; Microsoft, Tesla Near Buy Points
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…
Wine growers fear funding will wither after fall of Silicon Valley Bank
As venture capitalists and tech founders exchanged frenzied WhatsApp messages that fueled a historic rally on a Silicon Valley bank on March 9, the lender's other important clients were toiling in the dirt, oblivious to what was…
