News
Silicon Valley Bank Parent SVB Financial Group Faces First Securities Class Action
Silicon Valley Bank (SVB) on Monday was hit with what appears to be the first federal securities class-action lawsuit against it, carrying allegations that the bank made false or misleading ...
Aon Updates Europe Windstorm, Severe Convective Storm Models
Aon plc, a leading global professional services firm, updated its Impact Forecasting Europe Windstorm and Severe Convective Storm (SCS) catastrophe models to incorporate emissions scenarios that ...
Allianz Restructures Global Commercial Insurance Unit as One Go-to-Market Business
Allianz Group announced it is restructuring its global commercial insurance segment as one go-to-market business under the trading name Allianz Commercial, which will encompass its Allianz Global ...
La Nina, Which Worsens Hurricanes and Drought, Is Gone
After three nasty years, the La Nina weather phenomenon that increases Atlantic hurricane activity and worsens western drought is gone, the National Oceanic and Atmospheric Administration said ...
U.S. Acts To Stem Financial Fallout From SVB Bank Collapse; Depositors Made Whole
Silicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday, as the federal government announced actions to shore up deposits and stem any ...
SVB Collapse Explained: What Caused Silicon Valley Bank’s Failure?
SVB Financial Group Inc.'s shutdown and takeover by banking regulators on Friday can be traced to the U.S. Federal Reserve raising interest rates and souring the risk appetite of investors. Here is ...
Silicon Valley Bank Seized by U.S. Regulators
U.S. regulators rushed to seize the assets of Silicon Valley Bank on Friday after a run on the bank, marking the largest failure of a financial institution since Washington Mutual collapsed at the ...
U.S. Chamber of Commerce Calls for Regulation of AI
The U.S. Chamber of Commerce on Thursday called for regulation of artificial intelligence technology to ensure it does not hurt growth or become a national security risk, a departure from the ...