Tag: Silicon Valley Bank

The biggest bank failure in the nation since 2008 occurred last month when Silicon Valley Bank fell, and the US central bank has claimed...

Due to rising interest rates that allowed the bank to charge clients more for loans, JPMorgan Chase & Co. reported a 52 percent increase...

Anthony Sarpong, a senior partner at the accounting and auditing firm KPMG Ghana, has counselled the Bank of Ghana and other central banks in Africa to view the failure of banks in developed countries as a warning to the banking industry to avoid a similar situation in the future.Maintaining sufficient liquidity to cover customer withdrawals, in his opinion, is one way to stop bank failure.He said the failure of those banks is a wake-up call that must not be disregarded in an interview with Joy Business following the collapse of US Bank, Silicon Valley Bank, and other larger financial institutions.However, he expressed assurance that the steps taken by the Bank of Ghana to support banks will be successful.“You noticed that the regulator has...

Banking stocks have dropped sharply again, as investors remain concerned following the failure of Silicon Valley Bank (SVB) in the United States last week.The...

In an exclusive interview with NBC, Rishi Sunak stated that China posed a "systemic challenge" to the global order.During an interview with Lester Holt...

Despite assurances from the US president that America's financial system is secure in the wake of the failure of two American lenders, bank shares...

The government and Bank of England intervened to "promote" a private transaction, which led to HSBC purchasing the UK division of the defunct US...