After shutting down one of the tech industry’s top banks Friday, federal authorities took extraordinary steps to head off a broader financial crisis before markets reopened for Monday trading.
First Republic Bank shares fall more than 60% after collapse of SVB, Signature
Shares of First Republic Bank tanked by nearly 70% in pre-market trading on Monday — just hours after federal regulators announced that they would step in and assume control of failed lenders Silicon ...
Europe’s bank shares plunge, bonds rally despite SVB rescue effort
Europe's bank shares suffered their biggest fall in over a year and bond markets saw a gigantic repricing of rate hike bets on Monday as global efforts to limit the fallout from the collapse of ...
Japan Nikkei tumbles on fears over US financials
Japan share market finished deeper into sea of red on Monday, 13 March 2023, as risk-averse mood spurred amid contagion fears after the failure of US regional lender Silicon Valley Bank. The 225-issue ...
Masks stay put in Japan even as 3-year request to wear them ends
Dropping the mask-wearing request is one of the last steps Japan’s government is taking in easing Covid-19 rules in public places as it tries to expand business and other activity. ( read original story ...)
Japan’s Kenzaburo Oe, Awarded Nobel For Poetic Fiction, Dies
Nobel literature laureate Kenzaburo Oe, who was also an outspoken anti-nuclear and peace activist, has died at age 88. ( read original story ...)
Japan’s Nidec lines up five execs as chairman contenders
Japanese electric motor company Nidec Corp on Monday lined up five contenders to eventually take the reins as chairman from the firm's no-nonsense 78-year-old founder, Shigenobu Nagamori. ( read original story ...)
South Korean plaintiffs in Japan forced labour cases reject compensation plan
The three surviving South Koreans who have won court cases over being forced to work under Japanese colonial rule have formally rejected a government compensation plan, potentially throwing up legal obstacles for Seoul as it seeks to mend ties with Tokyo. ( read original story ...)
What’s Happening With Crypto in Argentina? (Podcast)
Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or Spotify. In a way, the state of crypto can be an indicator indicative of how much confidence people have in a ...
Bitcoin jumps 10% with crypto market topping $1 trillion as U.S. creates backstop for SVB depositors
Cryptocurrencies rallied on Monday as the U.S. government moved to protect depositors of the collapsed Silicon Valley Bank and HSBC bought the bank's U.K. arm.
Crypto firm Circle hit by Signature Bank closure
Circle, the company behind stablecoin USD Coin (USDC), plans to line up a new transaction banking partner with automated minting and redemption, possibly as early as Monday, Jeremy Allaire, Co-Founder ...
UPDATE 1-Bank of Japan buys 70.1 bln yen ETFs for first time in 3 months
The Bank of Japan bought 70.1 billion yen ($521.5 million) of exchange-traded funds (ETFs) on Monday, the central bank data showed, the first such purchase since Dec. 2, 2022. Japanese shares fell, ...
Silicon Valley Bank depositors will have access to ‘all of their money,’ regulators say in effort to stem wider fallout
After shutting down one of the tech industry’s top banks Friday, federal authorities took extraordinary steps to head off a broader financial crisis before markets reopen for Monday trading.
European bank stocks plunge again as SVB market turmoil continues
Bank shares in Europe and Asia plunged on Monday as the collapse of startup-focused Silicon Valley Bank continued to batter markets, while U.S. large banks failed to hold onto a brief premarket rally ...
Japan stocks lower at close of trade; Nikkei 225 down 1.11%
Japan stocks were lower after the close on Monday, as losses in the Banking, Shipbuilding and Insurance sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 1.11%. The best ...
Colt Data Centre Services (DCS) opens new Osaka Keihanna 45MW data centre
Colt Data Centre Services (Colt DCS), a global provider of hyperscale and large enterprise data centre solutions, has today announced the opening of a major Data Centre in Osaka Keihanna, Japan . This ...