Government - Spark Newswire

2 minute read

Biden Addresses FDIC Bank Takeovers: ‘The Banking System Is Safe’

Today, 2:40 AM

President Joe Biden reassured Americans about the stability of the financial sector on Monday morning following the recent collapse of SVB Financial Group (NASDAQ: SIVB), Signature Bank (NASDAQ: SBNY) a

SBNY

2 minute read

China Names Former Ministry of Industry and IT Official Zhang Xin as Big Tech Fund Leader

By Anusuya Lahiri

Today, 2:40 AM

China has roped in Zhang Xin as the leader of the National Integrated Circuit Industry Investment Fund Co, better known as the Big Fund or Beijing's primary vehicle for supporting the country's chipmakers.

BABA

1 minute read

Centers For Medicare & Medicaid Services Approves Transitional Pass-through Reimbursement Status For Harrow’s Iheezo (Chloroprocaine Hydrochloride Ophthalmic Gel) 3% For Ocular Surface Anesthesia

By Benzinga Newsdesk

Today, 2:40 AM

Beginning April 1, 2023, and for the three years thereafter, IHEEZO will be eligible for separate reimbursement outside of the surgical bundled payment in both the Ambulatory Surgery Center (ASC) and Hospital

HROW

1 minute read

VAALCO Energy To Intimate SEC Regarding Failure To Timely File Annual Report; Schedule Q4C Earnings Release

By Benzinga Newsdesk

Today, 2:40 AM

VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY)))) ("VAALCO" or the "Company") announced today that it plans to file a Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission

EGY

1 minute read

PNC Financial Declines A Bid On Silicon Valley Bank Assets: Report

By AJ Fabino

Today, 2:40 AM

PNC Financial Services Group (NYSE: PNC) has decided not to bid on Silicon Valley Bank (NASDAQ: SIVB) after holding initial discussions with the Federal Deposit Insurance Corp (FDIC) and conducting due diligence,

PNC

1 minute read

Signature Bank Closed By Regulators, Fed Announces Backstop To Safeguard Depositors

By AJ Fabino

Today, 2:40 AM

U.S.

SBNY

3 minute read

Is A Banking Bailout Imminent? Or A Bank Run? What We Know So Far On SVB, Regulators As Asian Open Nears

By Michael Cohen

Today, 2:40 AM

The financial world is closely monitoring the aftermath of the collapse of SVB Financial Group's (NASDAQ: SIVB) Silicon Valley Bank, Benzinga has been providing the latest updates on the biggest bank failure in over 10 years after SVB was

SIVB

2 minute read

Janet Yellen Says No To Silicon Valley Bank Bailout: ‘We’re Not Going To Do That Again’

By Shanthi Rexaline

Today, 2:40 AM

The collapse of the Silicon Valley Bank, owned by SVB Financial Group (NASDAQ: SIVB) is clearly a concern, but a bailout is out of the question, Treasury Secretary Janet Yellen suggested in an interview.

SIVB

2 minute read

FDIC To Begin Returning Some Uninsured SVB Deposits As Soon As Monday: Report

By Bibhu Pattnaik

Today, 2:40 AM

The Federal Deposit Insurance Corporation (FDIC), overseeing the emergency breakup of SVB Financial Group (NASDAQ:

SIVB

2 minute read

Bill Ackman Calls SVB Crisis A ‘Break-the-Buck Moment,’ Says Biden Will Be Blamed ‘If This Goes Down Poorly’

By Michael Cohen

Today, 2:40 AM

Pershing Square Capital Management’s Bill Ackman is calling out not only the management at Silicon Valley Bank, but also the federal government for not properly monitoring the bank’s activity, leading to the collapse of the SVB Financial Group (NASDAQ: SIVB)

SIVB