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In a statement, the FDIC said that all SVB customers will automatically become customers of the bridge bank, which will have "normal banking hours and activities, including online banking." The regulator also tapped former…

March 11 (Reuters) - SVB Securities, a subsidiary of SVB Financial Group said on Saturday that the Federal Deposit Insurance Corporation (FDIC) taking control of its parent company will not have a direct impact on operations of her…

(Reuters) - The Federal Deposit Insurance Corporation (FDIC), which is overseeing the emergency breakup of SVB Financial Group, is scrambling to sell assets and part with the uninsured…

Silicon Valley Bank had approximately $209 billion in total assets and approximately $175.4 billion in total deposits, as of December 31, 2022. All Silicon Valley Bank headquarters and branches will reopen on March 13 and…

(Alliance News) - Enel Spa has announced that it has signed an agreement to sell all the interests of the Enel group in Romania to the Greek company Public Power Corporation SA. According to the agreement, PPC will pay a total…

By Adriano Marchese Intact Financial Corp said Monday that its UK business will transfer 6.5 billion pounds ($7.76 billion) of pension liabilities to Pension Insurance Corporation PLC. The Canadian…

long term tradeHe lives Admission price: ¥3360 | Target: ¥3700 | Stop-loss: ¥3210 | Potential: 10.12% Shares of Nihon Kohden Corporation are trading…

The sale includes the Sriracha oil refinery, selected distribution terminals, and a network of Esso-branded retail fuel stations. The transaction is expected to close in the second half of 2023. "ExxonMobil…

The plant is a so-called pumped storage hydropower facility that is used to pump water from a lower reservoir to an upper reservoir during periods of high electrical demand. The plant will start full production in 2028. ($1…