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Financial News Around the World

Category: Finance News

Private equity deals in Asia plunged 44% in 2022. More uncertainty may be ahead

China and India accounted for a drop of $35 billion in total deal value for large growth deals for the year, Bain & Co said in a Tuesday report.

Published 28 March 2023
Categorised as Finance News

FDIC coverage limits may be raised above $250,000 again. How experts say you can have more of your deposits insured

President Joe Biden said the FDIC may guarantee deposits above $250,000 again. Experts say it is possible to get more insurance on your deposits on your own.

Published 27 March 2023
Categorised as Finance News

The IRS has issued nearly 54 million tax refunds. Here’s the average payment

The IRS has issued nearly 54 million tax refunds worth about $158 billion, as of March 17. Here’s the average payment.

Published 27 March 2023
Categorised as Finance News

Fed’s Barr calls Silicon Valley Bank failure a ‘textbook case of mismanagement’

The Federal Reserve’s top banking regulator said Monday that the failure of Silicon Valley Bank was due largely to mismanagement.

Published 27 March 2023
Categorised as Finance News

Stocks making the biggest midday moves: Coinbase, First Citizens, Roku and more

These are the stocks posting some of the largest moves at midday.

Published 27 March 2023
Categorised as Finance News

Here’s why the U.S. had to sweeten terms to get the SVB sale done

The winning bidder in the government’s auction of Silicon Valley Bank’s main assets got several concessions to make the deal happen.

Published 27 March 2023
Categorised as Finance News

Stocks making the biggest moves premarket: Pinterest, First Citizens, Caterpillar & more

Regional banks rose following a report that U.S. authorities were considering expanding government support for banks to provide additional liquidity.

Published 27 March 2023
Categorised as Finance News

ETF trends reflect a wild first quarter for the stock market

The $7 trillion ETF business has become a barometer for investor sentiment.

Published 27 March 2023
Categorised as Finance News

Saudi National Bank chair resigns just days after Credit Suisse comments sparked sell-off

Al-Khudairy’s resignation comes days after his comments fueled investor panic and contributed to a selloff in the shares of embattled lender Credit Suisse.

Published 27 March 2023
Categorised as Finance News

First Citizens to buy large chunk of failed Silicon Valley Bank

The deal will see First Citizens Bank purchase approximately $72 billion of SVB assets at a discount of $16.5 billion.

Published 27 March 2023
Categorised as Finance News

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