BUSINESS

Silicon Valley Bank was taken over by federal regulators on March 10, with Signature Bank following suit a few days later.

First Republic is examining how it can sell parts of its business, including some of its loan book, in a bid to raise cash and cut costs.

InDrive has a competitive advantage in the Indian market, and that is not because it was founded in Russia, a country that is much loved by Indians.

As the US central bank raised interest rates steeply over the past year to curb surging inflation, the rate-sensitive housing market has been reeling.

While US and European markets picked up on Monday, analysts say investors remain wary.

Per day average for business travelers in New York in 2022 was $796, up from $549 in 2017.

Sir Jim Ratcliffe still wants to own Manchester United but faces stiff competition.

The Pennsylvania-based money manager has reportedly informed Chinese authorities of its plans to shutter its Shanghai unit.

"MicroStrategy has survived a crypto ice age and now has an opportunity to take advantage of growing interest in DeFi and all the other crypto protocols with better growth potential," a senior market analyst said.

Last week, the NYDFS said that it intervened in the business of Signature bank because regulators lost faith in its management.

The company plans to streamline its operations and go for a "reset" after its fourth-quarter sales dipped by around 0.3% compared to the previous year.

Blackpink's Jennie is the newest face of Chanel's latest "22" collection.

Just this month, more than 20,000 tech employees lost their jobs – most of them were from Amazon and Meta.

The new incoming CEO Laxman Narasimhan has assumed the role two weeks ahead of the earlier plan.

With tax season in high gear as millions of Americans navigate the complexities of the tax code, one segment of the population is often overlooked for the unique challenges they face when filing their tax returns. American expats living across the globe whether it be for work, pleasure or family obligations, contend with the same tax requirements as their fellow citizens living stateside except in some cases they often have to file additional paperwork as well as a more costly filing process.

The parent company of the lender SVB Financial Group had on Friday filed for a reorganization under Chapter 11 bankruptcy protection.

The latest slashing focuses on Amazon's highly-profitable cloud and advertising divisions.

FTX has been at odds with Bahamian officials ever since filing for bankruptcy protection on Nov. 11.

The job cuts are said to be part of Amazon's efforts to streamline its operations and cut costs.

The company has been planning to separate its auditing and consulting businesses, though reports this month suggested the move is likely to be paused.

Bill Gates shares the wisest words he's received from his friend of three decades and it doesn't talk about business or money.

Shares of First Republic Bank slumped 13.1% on Monday, after a report the regional bank could raise more money fanned worries about its liquidity despite a $30 billion rescue last week.

As the tech industry continues to be plagued with massive layoffs amid economic uncertainty, Apple is pulling all the strings to keep its workforce intact.

While some retailers are raising egg prices for consumers to adjust higher costs, Dollar Tree does not have enough flexibility to do so.

Bitcoin investors are now bullish, especially as former Coinbase Chief Technology Officer Balaji Srinivasan predicted that the impending global banking crisis could take the world's largest crypto asset to $1 million in less than 90 days.

Flagstar Bank, a New York Community Bancorp subsidiary, has agreed to assume deposits and certain loan portfolios of Signature Bridge Bank.

Switzerland's finance minister said the deal could likely lead to thousands of job cuts for Credit Suisse, as the embattled bank and UBS offer similar services.

The Federal Deposit Insurance Corporation (FDIC) said the deal would see the subsidiary, Flagstar Bank, assume substantially all of Signature Bank's deposits, some of its loan portfolios and all 40 of its former branches.

The affected products were sold at retailers across the U.S.