Banking

New York: After frantic hours of trying to find a buyer for the defunct Silicon Valley Bank, the US government came up with a plan to shore up the banking...

Islamabad : A United States bank warned Pakistan that it will need to pause debt repayments if it does not secure funding from the International Monetary...

London: The UK arm of failed Silicon Valley Bank has been bought by HSBC Holdings for just 1 pound ($1.21), HSBC announced on Monday."HSBC Holdings plc...

Muscat: Bank Muscat Oryx Fund continues to reward its investors with a growing stream of dividend distributions and capital growth. The fund management body...

Washington: US Treasury Secretary, Janet Yellen has ruled out a bailout from the federal government for the now-collapsed Silicon Valley Bank."During the...

Washington: In a move that sent global banking shares into turmoil, US regulators on Friday shut down Silicon Valley Bank, as markets fretted over possible...

Islamabad : Pakistan has informed the International Monetary Fund (IMF) that Islamabad has requested China for rollover of USD 2 billion SAFE (State...

Karachi : The gap between the Pakistani rupee's value in the interbank and open markets is rising again, creating a black market where the dollar is...

Islamabad : Pakistan's external debt servicing rose by 70 per cent in the first two quarters of 2022-23, worsening the shortage of dollars, Dawn...

Muscat: HSBC Bank Oman SAOG has received approval from the Central Bank of Oman (CBO) for its proposed merger with Sohar International Bank SAOG. The...