UBS agrees to buy embattled Credit Suisse for more than $3 billion
Financial Times: Swiss authorities engineer deal to combine country’s two biggest banks.
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Latest from Banking and finance
Silicon Valley Bank staff handed up to $38m in bonuses after rescue deal
Telegraph: Bonus pool of many millions of dollars was described as “modest”.
Mark Lister: What makes a good financial adviser?
Make sure you understand the true worth of good advice.
UBS in talks to acquire Credit Suisse to stem crisis
Financial Times: Swiss authorities press for merger to stem crisis in banking sector.
Silicon Valley Bank parent company files for bankruptcy
The expected filing comes a week after the tech-focused bank failed in a shock collapse.
Peter Thiel had $80m in Silicon Valley Bank when it went under
Financial Times: Founders Fund among those that had warned about US bank’s risks.
Opinion: Silicon Valley Bank was destroyed by Silicon Valley tech bros
New York Times: Once the CEO whisper network got going, SVB was doomed.
Genoapay cyberattack: Thousands of customer records, documents stolen
About 100,000 driver licence copies stolen in "malicious" hack after employee login used.
Credit Suisse shares soar after announcing $87 billion central bank aid
Credit Suisse was beset by problems long before the US bank failures.
Billionaire Larry Fink raises spectre of ‘slow rolling crisis’
Financial Times: BlackRock chief executive fears ‘more seizures and shutdowns’ of banks.
Markets tumble as bank fears go global
New York Times: Shares fell sharply as Tuesday’s rally quickly faded.
Jarden Brief: Netflix bucks jitters as Credit Suisse fallout unfolds across globe
Silicon Valley Bank contagion gets complicated as bank stocks catch a cold.
Shares in major investment bank Credit Suisse plunge to historic lows
Fears of deeper problems in the world banking system spread in the wake of US failures.
'Racing against the clock': How Washington came to rescue US banks
The hope is that it will restore confidence in the US financial system.
US consumer price rise of 6% comes at tricky time for Fed
Financial Times: Data comes as central bank contends with broader concerns.
Construction crunch: More building firms fail, homeowners in the lurch
Peter Wolfkamp, Newstalk ZB’s resident builder worries about recent string of failures.
Listen: Should NZ have a banking inquiry?
And if we did what would it likely recommend?
Juha Saarinen: Did we just dodge an ‘extinction level event’ for startups?
The SVB failure has uncovered a serious vulnerability threatening an important sector.
Hamilton fast food company insolvent: Staff, bank, finance firms claim over $350k
Sales from a second outlet were lower than expected.
No deal for National’s banking inquiry
Labour Party members have rejected a proposal for it to be held via the select committee.
Jarden Brief: Contagion effect in SVB saga
Dyspeptic responses as investors digest fallout from Silicon Valley Bank collapse.
How the Federal Reserve’s rescue package for US banks differs from 2008 bailouts
Financial Times: Regulators moved to bail out SVB depositors without taxpayer help.
Joe Biden urges US to have confidence in banks after two collapse
Investors continue to dump shares in bank stocks as President calls for calm.
Banks made record $7b last year - that's up by a billion dollars
The figures are bound to stoke calls for a banking inquiry.
SVB collapse: Insiders see three major knock-on effects for NZ
A number of NZ firms have direct exposure. Insiders also see flow-on effects for all.
SVB collapse: Fed announces emergency lending facility to shore up US banks
Financial Times: All depositors of tech lender SVB can access their money.
Another American bank shut down days after SVB collapses
A third US bank has toppled as the financial disaster deepens.
The spectacular unravelling of the tech industry’s banker
Financial Times: While collapse happened quickly, problems had been festering for years.
No bailout for Silicon Valley Bank, says Treasury Secretary
Officials rule out intervention in second biggest bank failure in US history.
SVB collapse: UK finance minister scrambles to protect tech sector
Financial Times: Executives demand Downing Street step in, warn of "existential threat".
Rocket Lab has US$38m invested in collapsed Silicon Valley Bank
Kiwi space company Rocket Lab has an exposure to Silicon Valley Bank.
'Black swan failure': Crypto group Circle admits $5.4b exposure
Financial Times: Stablecoin’s value drops as crypto market reels from US bank failures.
Liam Dann: Without appetite for real change, banking inquiry is just political theatre
The history of the NZ banking sector reveals a national lack of economic confidence.
FMA warns Du Val for misleading, deceptive statements
Du Val Group would potentially seek to list a new company on the NZX.