Saturday, March 11, 2023

Bank of London weighs rescue bid for Silicon Valley Bank's UK arm: Sky News

The news of the British bank's bid interest comes a day after the Bank of England said it was seeking a court order to place SVB UK into an insolvency procedure, after U.S. regulators took over its parent company SVB Financial Group earlier on Friday.

from Economic Times https://ift.tt/DNmRC69

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Asian shares start cautiously, dollar edges down

Asian shares opened cautiously amid anticipation of fresh trade news influencing US asset demand. The dollar weakened as trade tensions and ...