WASHINGTON, March 27 (Xinhua) — The U.S. Federal Deposit Insurance Corporation (FDIC) has entered a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank, Nationa
Tag: Bank
China CITIC Bank net profit up 11.61 pct in 2022
BEIJING, March 26 (Xinhua) — China CITIC Bank, one of China\’s joint-stock commercial banks, reported net profit growth of 11.61 percent in 2022.The bank raked in 62.1 billion yuan (about 9.1 billion
China\’s non-cash payments maintain steady growth in 2022
BEIJING, March 25 (Xinhua) — Non-cash payments handled by Chinese banks continued stable expansion in 2022, with electronic payments sustaining growth momentum, a central bank report said.Non-cash pa
China\’s bond market issuances hit 5.47 trln yuan in February
BEIJING, March 25 (Xinhua) — Bond issuances in China totaled 5.47 trillion yuan (about 800 billion U.S. dollars) in February, data from the central bank showed.Treasury bond issuances amounted to 673
HK financial regulators welcome UBS\’ acquisition of Credit Suisse
HONG KONG, March 20 (Xinhua) — The Hong Kong Monetary Authority (HKMA) and the Hong Kong Securities and Futures Commission (SFC) on Monday welcomed the acquisition of Credit Suisse AG by UBS AG.The S
UBS to buy Credit Suisse: Swiss gov\’t
Photo taken on March 16, 2023 shows a signage of Credit Suisse in Geneva, Switzerland. (Xinhua/Lian Yi)Swiss National Bank (SNB) will provide substantial liquidity assistance to support UBS\’s takeover
Customers line up to withdraw money at SVB
Customers stand in line outside Silicon Valley Bank (SVB) headquarter to withdraw money in Santa Clara, California, U.S., March 13, 2023. (Photo: China News Service/Liu Guanguan)Customers at Silicon V
HSBC acquires collapsed Silicon Valley Bank\’s UK subsidiary
A meal deliveryman walks to the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 10, 2023. (Photo by Li Jianguo/Xinhua)HSBC bought the UK operations o
China\’s national legislature decides on new cabinet lineup
BEIJING, March 12 (Xinhua) — China\’s national legislature on Sunday decided on the new lineup of the State Council, or the cabinet, at its ongoing annual session.Upon nomination by Premier Li Qiang,
Chinese envoy calls for immediate return of Afghanistan\’s overseas assets
UNITED NATIONS, March 8 (Xinhua) — A Chinese envoy on Wednesday called on the United States and other countries to immediately return the overseas assets of Afghanistan to the Afghan people to protec