An Indian tech company’s stock falls after it reveals a link to Silicon Valley Bank.
Nazara Technologies, a mobile gaming company, said two of its subsidiaries had together more than $7.7 million in balances at the failed bank.
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First Republic and Others Under Pressure After SVB’s Collapse
Shares in regional lenders were under pressure, even after regulators unveiled a vast backstop for U.S. banks after Silicon Valley Bank’s collapse
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HSBC to Buy SVB UK, Silicon Valley Bank’s British Subsidiary
Prime Minister Rishi Sunak said the country’s financial system was in good health and would not suffer from the demise of Silicon Valley Bank.
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Stocks Are Poised to Rise Monday as Regulators Act on Silicon Valley Bank
Officials in Japan, South Korea and India, some of Asia’s largest economies, assuaged concerns of a global ripple effect coming from the United States.