UBS Announces Massive Job Cuts Following Credit Suisse Merger, Bank Failures
The financial world has been rocked by the recent news of crypto-friendly bank failures, with UBS leading the charge by acquiring Credit Suisse in order…
Posts Tagged: Silicon Valley Bank
Around 131.00, The USD/JPY Bearish Mood Remains Unchanged
On Tuesday, the USD/JPY currency pair lost much of the ground it made on Monday. Spot prices increased a few pips from the day’s low…
First Citizens Bank Officially Purchases Silicon Valley Bank
On Sunday, March 26th, the Federal Deposit Insurance Corporation (FDIC) officially confirmed reports that Silicon Valley Bank would be sold to First Citizens Bank. Silicon…
NZD/USD Fails To Support RBNZ Optimism Near 0.6200; Fed’s Preferred Inflation Indicator in Spotlight
After a bad week, the NZD/USD pair went up to 0.6200 on Monday. The Reserve Bank of New Zealand (RBNZ) is cautiously optimistic and mildly…
EUR/USD Bullish Potential Intact, Flash Eurozone/US PMIs Eyed For Fresh Impetus
The EUR/USD currency pair is stalling the previous day’s retracement slide from 1.0930, its highest level since early February, and oscillates in a narrow trading…
USD/CAD Fluctuates in Narrow Midweek Trading Area Ahead of FOMC Meeting
Despite a general trend towards selling the US dollar (USD), the USD/CAD currency pair fell on Tuesday following a strong recovery from a two-week low….
Banks Will Have More Losses Than SVB if Depositors Exit: Report
According to a recent study, the bankrupt Silicon Valley Bank (SVB) serves as an example, according to which 10% of banks have more unrealized losses…
USD/CAD Recovers Early Losses As USD Recovers From Daily Low
Most intraday losses in the USD/CAD pair were recovered on Friday thanks to buying dips between 1.3680 and 1.3675. In the middle of the European…