Tag: US banking crisis

Credit Suisse chairman admits failure, anger to shareholders

Credit Suisse chairman admits failure, anger to shareholders

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Swiss bank Credit Suisse Chairman Axel P. Lehmann speaks during the annual shareholders’ meeting of the Swiss banking group, in Zurich, Switzerland on Tuesday, April 4, 2023. | Photo Credit: AP The chairman of Credit Suisse apologised on April 4 to shareholders for failures of the once-venerable bank and acknowledged the shock and anger felt […]

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Silicon Valley Bank depositors will have access to their money starting Monday: Treasury Secretary

Silicon Valley Bank depositors will have access to their money starting Monday: Treasury Secretary

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A sign for Silicon Valley Bank (SVB) headquarters is seen in Santa Clara, California, U.S. | Photo Credit: REUTERS In a step aimed at protecting the U.S. economy by strengthening public confidence in the country’s banking system, the Biden administration announced that depositors of the Silicon Valley Bank will have access to their money from […]

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