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.
In this article
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.
Latest
1 hour ago
Tunisian President Kais Saied ordered security forces to "halt the illegal migration of African migrants into the country." Has North Africa become the new go-to destination for African migrants and refugees? DW looks at the facts.
1 hour ago
In an interview with FRANCE 24 after the International Criminal Court (ICC) issued an arrest warrant for Russian President Vladimir Putin, the court’s chief prosecutor Karim Khan said it was an important day for international justice. The warrant marked “the first time ever that a head of state from a P5 has been charged” by the international court, said Khan referring to the UN Security Council’s permanent five members.
1 hour ago
It's been almost a year since the fire incident that razed millions of goods in over 500 shops and led to the immediate closure of Apongbon Bridge in Lagos. Almost a year later, this very important bridge has remained closed. But how are road users who take this route coping?
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Tuesday.
1 day ago
Michelle Yeoh battles her way through a multiverse, Angela Bassett leads a grieving nation at war, and Cate Blanchett deviously manipulates members of a world-class orchestra.