Hot News

Lucid Group of the U.S., a luxury electric vehicle company, announced  that it will do a massive layoffs of 1,300 employees, or about 18% of its total employees, to reduce costs. Lucid was once noted as a "second Tesla," but...

Controversy erupted as the First Republic Bank of the United States (FRB) was embroiled in rumors of a bankruptcy crisis, raising investors' concerns, and the owner's family was confirmed to have taken a large salary and sat on the money....

Silicon Valley Bank (SVB), a recently bankrupt U.S. small and medium-sized bank, significantly increased the size of loan to insiders, including executives and employees, in the fourth quarter of last year, months before bankruptcy. Bloomberg reported on the 21st (local...

The U.S. financial authorities have decided to split and sell the closed Silicon Valley Bank (SVB) by business sector, and U.S. small and medium-sized bank First Citizens Bank Shares (hereinafter referred to as First Citizens), which is mentioned as a...

While the market is relieved when Credit Suisse (CS), a global investment bank that was feared to have a global impact in the collapse, is sold to UBS, Western central banks, including the U.S., are trying to calm the market...

Following the bankruptcy of the Silicon Valley Bank (SVB), local rival UBS is expected to take over Credit Suisse, a Swiss investment bank that has been embroiled in rumors of a crisis. According to CNN and the Financial Times (FT)...

The U.S. Department of Justice and the Securities and Exchange Commission (SEC) have reportedly launched an investigation into the bankruptcy of the Silicon Valley Bank (SVB), which has strained the global financial market as well as the U.S. The focus...

HSBC Holdings will acquire a British subsidiary of Silicon Valley Bank (SVB) for only 1 pound. According to the Guardians on the 12th (local time), HSBC CEO Noel Quinn officially announced the acquisition of SVB UK branch and said, "This...

According to anonymous sources, Meta is preparing additional layoffs, including plans to reduce the level of in-house positions through reorganization and reduction. Meta will work on "flattening" to reduce the position level of the middle manager class and make the...

International oil prices plunged more than 3% due to concerns over an economic slowdown when the Federal Reserve, the U.S. central bank, said in the minutes of the last Open Market Committee (FOMC) meeting that "interest rates should be raised...