What are the lessons from SVB’s failure?
The collapse of niche lender Silicon Valley Bank (SVB) Financial Group – the largest US bank failure since the 2008 financial crisis – has shaken...
Author : Nelli Avetisyan
Moody’s warns of more pain for US banks as downgrades sector – BBC News
Ratings giant Moody’s has warned of more pain ahead for the US banking system after a run on deposits led to the collapse of Silicon...
UK Budget: why the economy has grown so slowly – The Financial Times
The UK economy is in the doldrums. The IMF has forecast it will be the worst-performing large advanced economy this year. But the problems stretch...
What the loss of Silicon Valley Bank means for Silicon Valley – The Economist
Silicon valley is a tough place to be a banker. Startup bosses call with references but no revenue. Loans can seldom be secured against physical...
The technology behind ChatGPT is about to get even more powerful – CNN
Nearly four months after OpenAI stunned the tech industry with ChatGPT, the company is releasing its next-generation version of the technology that powers the viral...
Mark Zuckerberg’s Meta to axe another 10,000 employees in a fresh round of job cuts – Euronews
Facebook’s parent company Meta is slashing a further 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs, it...
How to stop the commoditisation of container shipping – The Economist
Don’t feel bad if MSC, the Mediterranean Shipping Company, is the biggest ocean-going carrier you have never heard of. It is meant to be that...
Silicon Valley Bank’s collapse reveals regulatory flaws
Commercial banks were supposed to be big beneficiaries of rising interest rates, but that assumed they managed their balance sheets sensibly. Silicon Valley Bank did...
Inflation Report Arrives as Fed Confronts Bank Failures – WSJ
The Labor Department’s inflation reading Tuesday will inform the Federal Reserve on price pressures in the economy as the central bank confronts bank failures. The...
UK job vacancies fall for eighth month in a row – BBC News
Job vacancies in the UK fell for the eighth month in a row as companies blamed economic pressures for holding back on hiring new staff....