Silicon Valley Bank shut down by regulators; assets seized

Silicon Valley Bank shut down by regulators; assets seized

Regulators rushed on Friday to seize the assets of one of Silicon Valley’s top banks, marking the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago. Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried to withdraw money this week amid anxiety over the […]

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Private cryptocurrencies can cause next financial crisis if allowed to grow, warns RBI Governor

Private cryptocurrencies can cause next financial crisis if allowed to grow, warns RBI Governor

India’s Reserve Bank Governor, Shaktikanta Das, warned the next financial crisis can be triggered by private cryptocurrencies, if allowed to grow. | Photo Credit: Reuters Pressing for the prohibition of instruments like Bitcoin, Reserve Bank Governor Shaktikanta Das on Wednesday warned that the next financial crisis can be triggered by private cryptocurrencies, if such speculative instruments […]

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Explained | Will the new 12-hour single-duty system save Kerala State RTC?

Explained | Will the new 12-hour single-duty system save Kerala State RTC?

The new system, as per the Motor Transport Workers Act 1961, envisages utilizing the optimum efficiency of employees The new system, as per the Motor Transport Workers Act 1961, envisages utilizing the optimum efficiency of employees The story so far: The public transportation system in the country has long been beset with issues, although the […]

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