Friday, May 1, 2026
Today's Print

Tag: Silicon Valley Bank

Salceda: PH in need of measures to stop collapse of banks

Albay Rep. Joey Sarte Salceda is pushing for a set of measures to protect the country’s banking system from “financial contagion” brought about by...

SVB collapse ‘textbook case of mismanagement,’ says top Fed official

WASHINGTON, United States—The collapse of Silicon Valley Bank was a “textbook case of mismanagement” which requires tougher banking regulation, according to prepared remarks by...

First Citizens acquiring loans, assets, deposits of collapsed SVB

Washington—US bank First Citizens said Monday it agreed to purchase much of Silicon Valley Bank, whose collapse this month sparked global fears about the...

Medalla: Local banks to withstand shocks from US lenders’ collapse

Bangko Sentral ng Pilipinas Governor Felipe Medalla said Monday the strong domestic banking system can withstand the possible shocks from the collapse of two...

Fed aims to balance banking woes and inflation in decision

WASHINGTON—US central bankers face an unenviable task when they gather in Washington next week: tackling persistent inflation without adding to financial sector turmoil after...

US Fed lends banks $12b in wake of SVB

Washington, United States—The Federal Reserve has lent US banks nearly $12 billion under a new one-year lending program unveiled Sunday, as authorities moved to...

Social media frenzy causes bank-busting panic, collapse

By Juliette Michel NEW YORK, United States—Fearful Twitter posts and anxious WhatsApp exchanges coupled with online banking ease are seen as helping power an internet-age...

Diokno assures stability of banking sector

Finance Secretary Benjamin Diokno, the head of the economic team, on Wednesday assured the public that the economy and the local banking sector remain...

BAP assures depositors of local banks’ stability

The 44-member strong Bankers Association of the Philippines assured depositors on Tuesday that the domestic banking system remains strong and stable and will not...

US rushes to contain SVB fallout, Biden vows to fix mess

By Michael Mathes with Thomas Urbain in New York WASHINGTON—US authorities unveiled sweeping measures Sunday to ease fears over the health of the banking system...

Worry for tech startups after Silicon Valley Bank failure, gov’t takeover

By Thomas Urbain NEW YORK, United States—Silicon Valley Bank’s stunning collapse has led to the freezing of tens of billions of dollars stored there by...
- Advertisement -spot_img
- Advertisement -spot_img