Hired to help with a capital raise, Goldman Sachs advised SVB to make a move that provoked a public panic and ended with the smaller bank collapsing.
Tag: Banking and Financial Institutions
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PacWest Says It’s Exploring Options After Shares Plunge
An intensifying challenge for bankers and regulators is how to keep the turmoil in the stock market from spilling into the lenders’ day-to-day businesses.
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European Central Bank Raises Rates Again, but Only a Quarter Point
The bank said “underlying price pressures remain strong” in the eurozone, where the annual inflation rate reached 7 percent last month.
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Born in Asia but Based in Britain, HSBC Fights to Stay in One Piece
The global bank’s biggest shareholder, the giant Chinese insurer Ping An, wants HSBC to spin off its profitable Asian operation.
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Debt Ceiling Standoff Is a New Headwind for the Fed
The central bank must consider how looming U.S. default could impact the economy as it makes a decision on raising interest rates.