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The main office and all branches of Silicon Valley Bank will reopen on March 13 and all insured depositors will have full access to their insured deposits no later than Monday morning, the FDIC said.

The bank now has time until September 2024 to reduce stake. ICICI Bank announced on Friday that it has received approval from the RBI in a letter dated March 10, 2023 extending the deadline. Initially, the bank was required to divest its stake in ICICI Lombard General Insurance by September 2023 to 30% from 48.02%, in accordance with RBI regulations.

Following the 2008 demise of Lehman Brothers and the ensuing financial meltdown, US regulators required major banks to hold additional capital in case of trouble. US and European authorities also organize regular "stress tests" designed to uncover vulnerabilities at the largest banks.

Nonfarm payrolls increased by 311,000 last month, the Labor Department said, above the 205,000 estimate of economists polled by Reuters.

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According to sources, JPMorgan has received dozens of client calls seeking to switch from SVB to the company. But, news is not all good for potential beneficiaries

Federal Deposit Insurance Corporation was appointed as receiver

The Securities and Exchange Board of India (Sebi) announced on Friday that 10,980 entities had settled cases pertaining to alleged manipulation of illiquid stock options. The scheme was initially kept open for a period of three months from August 22 to November 21 and it was later extended till January 21, 2023, considering the interest of a large number of entities to avail the scheme. Sebi noted several instances of trades by a set of entities trading in the options segment of certain stocks listed on

During instances of high volatility in stocks, exchanges move them to short-term or long-term additional surveillance framework to safeguard investors from speculative trades.

Advisers for FTX are facing a daunting task of raising money from the collapsed crypto exchange’s wreckage to repay creditors