This came nearly three days after the shares of Credit Suisse sank over 30% after its biggest shareholder — the Saudi National Bank — announced it would not provide more money to the Swiss lender.
SVB Financial Group, along with its CEO and its chief financial officer, were targeted this week in a class action lawsuit that claims the company didn't disclose the risks that future interest rate increases would have on its business.
Indian startups have been able to transfer funds worth $250-300 million from Silicon Valley Bank (SVB) in the past 24 hours as the US allowed depositors to withdraw their cash in full from the crisis-hit bank.
Americans can 'have confidence' US banking is safe after failures and fears of global ripple effects, US President Joe Biden said.
Silicon Valley Bank collapse: Silicon Valley Bank was badly affected by the Federal Reserve's aggressive plan to raise interest rates to combat inflation along with the decline in technology stocks over the past year.
Mahindra group chairman Anand Mahindra and Infosys co-founder Nandan Nilekani have zeroed in on 'TecHalli' as the new title for Bengaluru, days after the former asked the Twitterati to suggest new a title for the tech city, instead of calling it the 'Silicon Valley of India'.
Cloud major Oracle has announced to move its California-based headquarters to Austin, Texas and cited flexibility of employee work as the key reason behind the decision.
The next 10 years is going to be India's "golden moment" in key sectors like technology, pharmaceutical, e-commerce and manufacturing, said a top venture capitalist from Silicon Valley, pointing at the USD 20 billion foreign direct investment in the country amidst the coronavirus outbreak.
Travis Kalanick, who built Uber into a ride-hailing giant, only to be ousted as CEO over the company's sexist “bro” culture, is cashing out. Kalanick disclosed Tuesday that he has sold off all his Uber stock — estimated at more than $2.5 billion — and is resigning from the board of directors, severing ties to the company he co-founded a decade ago.
Beside organic fruits and vegetable, the couple also produces 'organic banana chips' if there is surplus banana production. The chips are then prepared by using organic oil.
A delegation from the Silicon Valley, including Amazon's Jeff Bezos, LinkedIn co-founder Reid Hoffman and Dropbox co-founder and CEO Drew Houston, recently went all the way to Italy's hillside hamlet of Solomeo for a meeting with the fashion designer.
Xterra Solutions alleged in its lawsuit that the US Citizenship and Immigration Services (USCIS) improperly denied H-1B visa to Praharsh Chandra Sai Venkata Anisetty, 28, whom it had hired as a Business System Analyst.
Kirron Kher dismissed Bansal's idea of bringing in the metro rail as "non-feasible", saying a huge financial outlay is needed for its implementation.
World Bank India head Junaid Kamal Ahmad said what drives productivity is pertinent when it comes to innovation and is a very relevant question for India as it seeks to move up the ladder from low middle income to high income country.
In an investors' call, CEO Sundar Pichai said that Google would be "making significant investments in offices across nine states, including Colorado and Michigan".
Seven of the 10 highest confidence levels in the survey are recorded in emerging Asian cities, with San Francisco being the only exception in the top 5 from the developed world.
Bengaluru has been ranked as the most dynamic city in the world by the World Economic Forum (WEF), beating even the Silicon Valley of the United States which is ranked third.
San Francisco: Speaking at the Global Indian Technology Professionals Association (GITPRO), Union Minister Nitin Gadkari invited Indian IT professionals in the Silicon Valley to actively participate in India's startup movement. Gadkari asked Indian p
New Delhi: Prime Minister Narendra Modi could meet Apple CEO Tim Cook during the latter’s likely visit to India this week, sources said. The CEO is also likely to meet Finance Minister Arun Jaitley and
New Delhi: A hacking group affiliated to dreaded terror group ISIS has ended up targeting a small Indian tech firm instead of its tall claims of hacking the world's largest search engine giant Google.The Cyber
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