As the world’s two largest economies, the United States (US) and China have been engaged in a game of economic tug-of-war for decades. But for all that, recent developments suggest that the struggle for global supremacy between these superpowers may be taking on a more political dimension. With China extending its political reach toward countries […]
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Private equity firms that acquired companies since the banking crisis started on March 8 have funded the deals mostly with their own funds, a departure from traditional leveraged buyouts that reflects their struggle to secure cheap debt. Four acquisitions of companies by private equity firms that were announced in the last two weeks were funded […]
At the turn of the year, bitcoin was in the grip of a bleak midwinter, down and out after a 2022 defined by tumbling crypto prices, bankruptcies and corporate scandals. Less than three months later, bitcoin’s got its mojo back. With gains of more than 70% so far this year, it has outpaced other major […]
In today’s digital economy, digital assets are playing an increasingly important role in helping businesses navigate economic restrictions. As the world moves towards a more globalized and interconnected economy, it has become necessary for companies to make use of digital assets to remain competitive. Could digital assets be the answer to navigating economic restrictions and […]
Regulators at the U.S. Federal Deposit Insurance Corp (FDIC) have asked banks interested in acquiring failed lenders Silicon Valley Bank and Signature Bank to submit bids by March 17, people familiar with the matter said on Wednesday. The new auctions show how the FDIC is making a concerted effort to return the lenders to the […]
Global shares fell for a sixth day on Tuesday as a brewing U.S. banking crisis prompted investors to downgrade their expectations for interest rate hikes, even ahead of key inflation data later in the day. As recently as a week ago, investors were just recovering from a reality-check that prompted many to assume that rates […]
Global shares slid on Tuesday as a brewing U.S. banking crisis prompted investors to downgrade their expectations for interest rate hikes, even ahead of key inflation data later in the day. As recently as a week ago, investors were just recovering from a reality-check that prompted many to assume that rates around the world were […]
The sudden collapse of Silicon Valley Bank on Friday sent shockwaves through the startup community, which has come to view the lender as a source of reliable capital and deposit partner, particularly for some of tech’s biggest moonshots. On Friday, tech CEOs scrambled to make payroll after SVB Financial Group was shuttered by California banking […]
Honestly, I wasn’t sure I was the right person for this interview. The article we had in mind was about a successful female banking executive in what is generally still perceived as an old boy’s club. A triumph of gender balance against the odds. Punching a hole through the glass ceiling. A woman who flew […]
2022 has been an interesting year, to say the least. And as life settled into the new normal, technological innovations became exponentially more important in our daily lives. 2022 was a hallmark year in technology-based industries, from the 5G rollout to artificial intelligence (AI) popularization. And 2023 is promising to be just as, if not […]