Silicon Valley Bank Collapses Due to Risk Management Failures
Silicon Valley Bank’s Collapse: Lessons Learned for Risk Management and Regulation Silicon Valley Bank, a bank catering to the technology…
Month: March 2023
Europe’s banking stocks tumble amid contagion fears
Europe’s Stoxx Europe 600 Banks index fell 5%, with Deutsche Bank down 14%. Rising insurances costs and wider economic concerns…
Accenture to Cut 19,000 Jobs Worldwide in Cost-Cutting Effort Amid Economic Downturn
Accenture plans to reduce its workforce by 2.5% and consolidate office space, spending $1.5 billion to cut costs amid a…
Burger King Closes More Than Two Dozen Locations in Michigan
Michigan’s Fast-Food Fans Suffer Major Blow as Burger King Locations Permanently Close Over two dozen Burger King locations in Michigan…
Binance Faces Mounting Problems as Traders Pull 2.1 Billions
Binance Loses 2.1 Billions in Outflows Amid Mounting Problems Traders have withdrawn billions of dollars from Binance as the world’s…
Disney Begins First Round of Layoffs, Cutting 7,000 employees
The Walt Disney Co. has initiated the first of three rounds of job cuts that were previously announced earlier this…
Tornado Hits Troup County, Georgia; Widespread Damage Reported
Severe Damage Caused by Tornado in Troup County, Georgia On Sunday, a powerful tornado hit Troup County, Georgia, causing severe…
Biden’s approval rating hits all-time low in new poll
President Joe Biden’s approval rating has dipped to 38%, with Americans giving him poor marks for his handling of the…
Twitter to Wind Down Legacy Verified Program, Pushes Users to Twitter Blue
Twitter has announced that it will be winding down its legacy verified program and removing legacy verified checkmarks starting on…
Deposits at US small banks drop by record amount after Silicon Valley Bank collapse
According to data released by the Federal Reserve on Friday, deposits at small banks in the United States experienced a…