SVB Financial Group, the bankrupt former parent of Silicon Valley Bank (SVB), is seeking to exit court protection by Jan 1 to protect billions of dollars worth of tax benefits that would go to creditors. The timeline could be challenged by an ongoing fight with the Federal Deposit Insurance Corporation (FDIC) over US$2 billion of deposits.
- Advertisement -
Most Popular
Central banks favour gold over US dollar for reserves: survey
Central banks around the world expect their gold holdings as a proportion of their reserves to increase over the next five...
BlackRock says super-rich want private credit as PE returns lag
The super-wealthy also are increasingly bullish about infrastructure investing, with 30% saying they plan to commit more of their money to the...
BOJ to slow pace of bond taper next year as fresh risks emerge
The Bank of Japan kept interest rates steady on Tuesday and decided to decelerate the pace of its balance sheet drawdown...
