bailout

Pakistan signed a $6.5 billion bailout package with the IMF in 2019, but has repeatedly reneged on conditions and so far just $3 billion has been released. Pakistan's economy has crumbled alongside a simmering political crisis, with the rupee plummeting and inflation at decades-high levels.…

Now that federal emergency measures are in place to protect all the depositors of failed Silicon Valley Bank, the damage to tech startups that relied on the lender has been contained. But a more cautious investment environment for enterprise technology could still materialize.The federal emergency measures that were announced Sunday to protect uninsured depositors of Silicon Valley Bank relieved pressure on corporate technology leaders who scrambled over the weekend to assess the health of their vendors. The Federal…

U.S. Treasury Secretary Janet Yellen on Sunday said that the federal government will not provide a bailout for Silicon Valley Bank's investors after the bank was abruptly shuttered, but said financial regulators are "concerned" about the impact to depositors and working to address their needs, media reports said."During the financial crisis, there were investors and owners of systemic large banks that were bailed out," Yellen said in an interview, CBS News reported."And the reforms that have been put in place means that…

The sudden collapse of Silicon Valley Bank has set the stage for the latest fight over the role of the federal government in the financial sector, with Republican 2024 presidential hopefuls threatening to make any hint of a taxpayer-funded bailout a campaign issue.The issue’s clout and staying power will likely depend heavily on whether regulators are able to successfully shield the banking system from wider fallout, and by how losses are dealt with for depositors with…

Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money.The Federal Deposit Insurance Corporation insures deposits up to $250,000, but many of the companies and wealthy people who used the bank — known for its relationships with technology startups and venture capital — had more than that amount in their account. There are fears that some workers across the country won't receive their…

The US Treasury Secretary Janet Yellen said the government is working with banking regulators to design “appropriate policies” to address the fallout of Silicon Valley Bank and is “concerned about depositors,” but she dismissed the idea of a bailout in a potential setback for the startup ecosystem that is reeling from what is the worst bank failure since the 2008 financial crisis. “Well let me be clear that during the financial crisis, there were investors and owners of systemic large banks that…

Amid growing concerns about Silicon Valley Bank's financial stability, US billionaire investor Bill Ackman said that the US government should consider a "highly dilutive" bailout for the lender.Founder and CEO of hedge fund Pershing Square Capital Management, Ackman said that the "failure of SVB could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and holding their operating cash".The failure of @SVB_Financial could destroy an important long-term driver of the economy as…

International Monetary Fund asks for more time for negotiations with Islamabad over deal that would unlock $1.1 billion in much-needed funds for the country, officials say. Stockbrokers look at the latest share prices at the Pakistan Stock Exchange in Karachi on February 9, 2023.…

Researchers at UCL and Queen Mary University of London have built an algorithm that assesses whether a bailout is the best strategy for the public purse, according to a UCL release. Governments could soon predict whether a bank bailout will ultimately save taxpayer money using an artificial intelligence tool developed at two London universities.Researchers at UCL and Queen Mary University of London have built an algorithm that assesses whether a bailout is the best strategy for the public purse, according to a UCL…

Photo: T. Schneider (Shutterstock)FTX, the bankrupt crypto exchange that mismanaged customer funds and can’t account for billions in assets, is currently imploding like a dying sun. The wave of financial destruction wrought by the meltdown now threatens to swallow other companies that did business with it, and the latest victim is BlockFi, one of the most well-known decentralized lenders in the crypto sphere.00:19Studenglass Kompact DemonstrationToday 4:09PMOnce an FTX partner, BlockFi now has plans to lay off a…