Monday, 4th December 2023
To guardian.ng
Search

US regulators step in to shore up banking sector in wake of SVB’s collapse

By France24
19 March 2023   |   1:06 pm
The US Treasury, Federal Reserve and Federal Deposit Insurance Corporation have unveiled a plan meant to stem any contagion from Silicon Valley Bank's (SVB) failure on Friday. The Federal Reserve will provide an emergency lending facility that will ensure all of the bank's depositors are repaid in full.

Related

23 Mar 2017
Akintunde Majekodunmi, Vice President, Banking Analyst at Moody's joins CNBC Africa from London to discuss the current state of Nigeria's banking sector.
1 Jul 2017
Professor Itse Sagay alleges fraud in the banking sector.
28 Apr 2019
First quarter earnings have begun trickling into the Nigerian market and the banks are leading the pack. Off the back of the results, Chinonye Nnewuihe, Senior Analyst at Meristem Securities joins CNBC Africa to assess the health of Nigeria’s banking sector in the first quarter of the year.
20 Jul 2019
Refinitiv says Sub-Saharan African investment banking fees reached an estimated $227.3 million in the first half of the year, the lowest first-half total in three years. Franita Neuville, Market Development Manager for Investment and Advisory at Refinitiv joins CNBC Africa for more.
11 Sep 2019
Likhit Wagle, Asia-Pacific financial services sector general manager at IBM, discusses digital banking licenses in Singapore and IBM’s role in the process.
13 Oct 2019
The Central Bank of Nigeria (CBN) says the banking sector gross credit increased by 5.3 to N16.3billion as at September 26th owing to the 60 per cent Loan-to-Deposit-Ratio target set by the regulator. It also reviewed upward the LDR target to 65 per cent. To discuss this story and review today’s trading session at Nigeria’s equities market, Investment Research Analyst at Meristem Securities, Samuel Adebisi joins CNBC Africa for more.
31 Mar 2020
Moody’s Investors Service said they expect the recent measures by the Bank of Ghana to help mitigate the negative effects of the coronavirus on banks’ asset quality and liquidity. Vice President and Banking Analyst at Moody’s, Christos Theofilou joins CNBC Africa for more.
19 Nov 2020
Boeing's 737 Max has been grounded since March 2019 following two catastrophic crashes. It is now set to fly again, after US aviation regulators cleared it following a safety review.
22 Nov 2020
US regulators have cleared Boeing's 737 MAX to return to service. The fleet has been grounded around the world since March 2019 following two deadly crashes involving the model. Some 346 people lost their lives in the accidents in Indonesia and Ethiopia.
13 Apr 2021
Here are a few reasons to pick up a copy of The Guardian on Wednesday. Find these stories and much more when you grab a copy of The Guardian on Wednesday. ⁣⁣⁣
17 Aug 2021
The US government is investigating Tesla's partially automated driving system after crashes that left one person dead and 17 people injured.
19 Mar
The US Treasury, Federal Reserve and Federal Deposit Insurance Corporation have unveiled a plan meant to stem any contagion from Silicon Valley Bank's (SVB) failure on Friday. The Federal Reserve will provide an emergency lending facility that will ensure all of the bank's depositors are repaid in full.