ARCHIVE April2023
What does Silicon Valley Bank’s collapse mean for the financial system?
Two ways. Gradually, then suddenly. That is how Silicon Valley Bank (svb), the 16th-largest lender in America, with about $200bn in assets, went bust. Its financial position deteriorated over several years. But […]
Muthoot Microfin CEO, ET BFSI
In the recent past, the women entrepreneurs have fared very well in the SMEs and MSMEs businesses. Multiple government schemes as well as the private lenders have been at the forefront to […]
Investors brace for fallout from Silicon Valley Bank
Editor’s note (March 12th): Since this story was published, the Federal Reserve and the Treasury have said that all depositors of Silicon Valley Bank will be fully protected. It takes the tide […]
MobiKwik appoints Gaurav Nayyar as VP of engineering, Swati Singh as VP of HR, ET BFSI
MobiKwik, a digital banking platform, has appointed Gaurav Nayyar as vice president of engineering and Swati Singh as vice president of HR. “I am delighted to welcome Gaurav Nayyar and Swati Singh […]
America’s government steps in to protect depositors at Silicon Valley Bank
WHEN ONE bank collapses, the panicked question is often “who’s next?” Other financial institutions can end up exposed because of connections to the collapsed institution, because they employ similar business models or […]
South African Employees Rewarded by YuLife for Completing Everyday Wellness Activities
YuLife, the tech-driven financial services provider on a mission to inspire life, has launched in South Africa. Founded in London in 2016, YuLife achieved rapid traction in the UK insurance market through […]
‘Me too’ fintechs likely cease to exist, ones with newer business model will take over: FinTech leaders, ET BFSI
Listed FinTech companies today are not profitable, those who have raised billions of dollars, and are unicorns are recording losses. Considering the geopolitical tensions, investors are not pouring-in money with the same […]
What the loss of Silicon Valley Bank means for Silicon Valley
Silicon valley is a tough place to be a banker. Startup bosses call with references but no revenue. Loans can seldom be secured against physical assets. Many clients fail. Silicon Valley Bank […]
Investors’ deal frequency to slow down in coming days, believes Kalaari Capital’s MD, ET BFSI
– Navya Menon Fintech leaders believe that the investors are sitting on a ‘lot of cash’ that they would like to deploy for productive use. Investors who are doing deals in days […]
For markets Silicon Valley Bank’s demise signals a painful new phase
To quell inflation, goes the adage, central bankers must tighten monetary policy until something breaks. For much of the past year this cliché has been easy to dismiss. Starting in March 2022, […]
Germany expert commission releases report recommending legalization of early-stage abortion and amended laws for later-term pregnancies – JURIST
The Commission on Reproductive Self-Determination and Reproductive Medicine in Germany on Monday submitted a final report recommending the legalization of abortion within the first 12 weeks of pregnancy in the country.The German […]
Australia judge rules in defamation trial that former government adviser raped a colleague in parliament – JURIST
Australia Federal Court Justice Michael Lee found that former government adviser Bruce Lehrmann raped a colleague in a Parliament House office on Monday. The judge dismissed a defamation lawsuit Lehrmann brought against […]
Poland classifies attack on humanitarian aid workers as murder, demands Israeli cooperation in investigation – JURIST
The Polish government on Friday labeled the death of Polish aid worker Damian Soból as murder, following the deaths of seven humanitarian aid workers from the World Central Kitchen (WCK) serving in […]
Amnesty International urges immediate investigation into war crimes in Merawi, Ethiopia – JURIST
Amnesty International asserted Friday that African and global human rights bodies must urgently investigate alleged war crimes committed by the Ethiopian National Defense Forces (ENDF) in the town of Merawi, Amhara region, […]
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