March 19 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) has stepped up its pace of stock buybacks, repurchasing more than $1.8 billion of its own stock this year. In its proxy filing on Friday, Berkshire said that as of March 8 it had the equivalent of 1,455,698 Class A shares outstanding, down 4,035 from ...

NEW YORK, March 17 (Reuters) – Whipsawed U.S. stocks have gained an unexpected ally in recent days – a historic plunge in bond yields. U.S. government bond yields fell steeply this week, with some durations marking their biggest drops in decades, as investors bet the Federal Reserve would likely curb its aggressive rate hike trajectory ...

March 15 (Reuters) – The top U.S. markets regulator on Wednesday proposed a suite of new policies designed to harden the financial system against hacking, data theft and systems failure. With some dissents from Republican members, the Securities and Exchange Commission’s (SEC) five members voted at a public meeting to propose rules on protecting consumer ...

SEOUL, March 15 (Reuters) – Samsung Electronics Co Ltd (005930.KS) on Wednesday said it will invest around 300 trillion won ($230 billion) by 2042 to develop what the government called the world’s largest chip-making base, in line with efforts to enhance South Korea’s chip industry. The amount makes up most of the 550 trillion won ...

Government working to protect customers from bank’s collapse Hunt says plan could help customers with cash-flow issues Companies warn of ‘existential crisis’ if they cannot pay wages LONDON, March 12 (Reuters) – A would-be buyer for the UK arm of failed U.S. lender Silicon Valley Bank (SVB) stepped forward on Sunday as British Prime Minister ...

Tel Aviv financial share indices fall at least 4% Some Israeli tech companies say exposed to Silicon Valley Bank Bank Leumi says was able to transfer $1 billion from SVB Israel PM: Will help Israeli companies in liquidity distress JERUSALEM, March 12 (Reuters) – Israeli shares slid more than 4% on the Tel Aviv Stock ...

March 11 (Reuters) – The managers of Silicon Valley Bank’s (SIVB.O) investment banking arm, SVB Securities, are exploring ways to buy the collapsed lender back from its parent company, Bloomberg News reported on Saturday. SVB Securities Chief Executive Officer Jeff Leerink and his team are seeking help to finance a potential management buyout of the ...

LONDON, March 11 (Reuters) – Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday before recovering most of its losses after Circle, the firm behind it, assured investors it would honor the peg despite exposure to failed Silicon Valley Bank. Circle said in a tweet on Friday it ...

Deposits drop faster than forecast – SVB Capital raise, PE injection, asset restructure to help Stock tumbles over 50% in afternoon trading March 9 (Reuters) – SVB Financial Group (SIVB.O) shares plunged more than 62% on Thursday, a day after the lender launched a $1.75 billion share sale to shore up its balance sheet and ...

March 8 (Reuters) – The once high-flying fintech startups looking to go public will have a hard time attracting investor attention, even though a freeze that has gripped the market for new listings is starting to thaw. Activities related to initial public offerings (IPO) in the United States came to a standstill for more than ...