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Go First crisis to highest GST collection: Top five business news of the week

Here are this week's top business stories including the First Republic bank collapse, the Go First crisis and the highest ever monthly GST collection so far.

Top five business news of the week: Go First crisis and highest ever GST collection in April.
Published on May 07, 2023 08:27 PM IST

First Republic collapses: Are other US banks at risk?

Since the collapse of Silicon Valley Bank — and Signature Bank the same weekend — investors have wondered who's next.

People walk past a First Republic bank in Manhattan.(Getty Images via AFP)
Published on May 02, 2023 02:17 AM IST
AP |

US Fed admits faults and calls for stronger banking oversight after SVB collapse

The Fed will also look to strengthen the regulatory framework for banks, and consider toughening the rules

US Federal Reserve admits to failings in Silicon Valley Bank oversight
Updated on Apr 28, 2023 10:03 PM IST
AFP |

US small businesses face worst credit in a decade after SVB collapse

The collapse of four banks in March, most notably Silicon Valley Bank and Signature Bank, prompted many lenders to tighten standards on business loans.

A net 9% of owners who borrow frequently said financing was harder to get compared to three months earlier, the most since December 2012, according to a survey.(REUTERS)
Published on Apr 11, 2023 05:36 PM IST
Bloomberg |

KPMG, Goldman Sachs sued over Silicon Valley Bank collapse

Silicon Valley Bank collapsed last month following bets on bonds that lost value as interest rates rose.

People look at signs posted outside of an entrance to Silicon Valley Bank in Santa Clara, California.(AP)
Published on Apr 09, 2023 03:35 PM IST
Bloomberg | | Posted by Aryan Prakash
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