Members of the Broad Alliance Against Sanctions (BAAS), Zimbabwe\’s anti-sanctions lobby group, and their legal team arrive at the High Court to file a court application seeking reparations from the Un
Tag: losses
Innovation gives new lease on life to clay figurines in E China\’s Wuxi
Huishan clay figurines are made of black clay found at the foot of Huishan Mountain in Wuxi city, east China\’s Jiangsu Province. Dating back more than 400 years, Huishan clay figurines were listed in
Interview: Silicon Valley Bank collapse shakes confidence in U.S. banking, says expert
LONDON, March 16 (Xinhua) — The collapse of Silicon Valley Bank (SVB), once the 16th largest bank in the United States, has \”shaken confidence in U.S. banking\” as concerns have mounted over bank depo
Moody\’s downgrades outlook on U.S. banking system to negative
NEW YORK, March 14 (Xinhua) — Rating agency Moody\’s slashed its outlook on the entire U.S. banking system to negative in the wake of recent bank turmoil in the country.\”We have changed to negative fr
U.S. federal regulators investigating SVB\’s collapse: WSJ
People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 13, 2023. (Photo by Li Jianguo/Xinhua)Prosecutors and regulators often op
Experts: US bank collapse result of failure to adhere to core activities
The collapse of Silicon Valley Bank will not affect China\’s banking industry but has highlighted the importance for banks of adhering to their primary business, serving the real economy, balancing the