The US economy has created 311,000 new jobs, according to a recent report by the American Bureau of Labor Statistics (BLS). The report also indicated that the unemployment rate has fallen to 3.9 percent, the lowest it has been since before the COVID-19 pandemic began....
Art Basel Hong Kong (ABHK) 2023 recently concluded after four days of exhibitions, talks, and events. Despite uncertainty and challenges brought by the pandemic, the show was a resounding success, with strong sales and attendance from art collectors, dealers, and...
China's top fund managers have revealed their preferred stock picks following the reopening of the market after a recent downturn. The managers have shown optimism about the future of Chinese stocks despite several factors causing the market downturn, including the...
In response to the ongoing banking crisis, UBS has announced its acquisition of Credit Suisse, one of its main competitors in the Swiss financial sector. This move is seen as a significant step towards stabilizing the country's banking system. The Banking Crisis in...
UBS, the largest bank in Switzerland, is reportedly in talks to acquire Credit Suisse, one of its main rivals in the Swiss banking industry. The potential acquisition comes at a time when Credit Suisse has been struggling with financial losses and reputational damage....
HSBC, one of the world's largest banking and financial services organizations, has announced the acquisition of Silicon Valley Bank UK Limited (SVB UK), a subsidiary of Silicon Valley Bank, a leading US-based technology-focused bank. The acquisition is part of HSBC's...
Silicon Valley Bank (SVB), USA, a leading financial institution for start-ups and tech companies, is facing a financial crisis that has ripple effects worldwide. The decline in SVB's stock price and increase in loan loss provisions, brought on by the COVID-19 pandemic...
Damalion services facilitates bank accounts opening for US and international business. Please check our services here: https://www.damalion.com/open-a-bank-account/ or contact us via email. In a surprising turn of events, Silicon Valley Bank (SVB) has been closed by...
Silicon Valley Bank, a financial institution with a 40-year history in the US and the UK, has experienced a bank run as founders and investors rushed to withdraw their funds due to concerns over its liquidity. This sudden and dramatic turn of events worsened the...
Goldman Sachs Asset Management, Bain Capital, TDR Capital, and TPG are reportedly interested in acquiring the popular sandwich chain Subway, as the company explores a potential sale that could value it at more than $10 billion. Subway, headquartered in Milford,...
