Silicon Valley Bank

Greek startups, including those based abroad and founded by Greek expats, have, so far this year, drawn $872 million from 83 investors. But the financial climate is more reserved than last year, and even more so than the almost free-for-all 2021.

Investment tycoon Warren Buffett has said that messaging from the U.S. government over the regional banking crisis had been "poor," suggesting that is why confidence has not returned among consumers.    

Regulators seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S.

The recent turbulence caused by the collapse of Credit Suisse, Silicon Valley Bank and First Republic Bank will probably not mark a new fiscal crisis, Deputy Head of Financial Sector and Market Analysis at the European Stability Mechanism (ESM), Paolo Fioretti, told the Delphi Economic Forum on Thursday.

Americans are finally reaping some benefit from keeping their money in the bank.

Banks are paying up for savers' deposits in a much bigger way than they have in more than a decade, based on recent earnings reports from the nation's biggest banks.

In the 2015 movie "The Big Short," a disenchanted Wall Street banker portrayed by Steve Carell discovers that the until then roaring US housing market rests on flimsy foundations, years of precarious loan-giving, creating a bubble. Our banker, utterly disappointed by the inner rot of the "system," duly proceeds to bet against it and, in doing so, wins a fortune.

The European Union on Tuesday proposed making it harder for states to pour billions of euros of aid into an ailing bank, as Italy did with Monte dei Paschi di Siena six years ago.

Proposals from the EU's executive seek to ensure that banks hold enough resources, in particular debt that can be written down to release cash in a crisis, to avoid taxpayer handouts.

US banks may become more circumspect in granting loans following recent turmoil in the sector, the country's treasury secretary said in an interview to air Sunday, while still predicting "moderate" GDP growth.    

The financial sector was rocked last month by the dramatic collapse of Californian lender Silicon Valley Bank (SVB).    

Central banks around the world should keep battling inflation by hiking interest rates despite ongoing concerns about financial stability, the head of the International Monetary Fund has told AFP.

Since last year, central banks have been raising their benchmark lending rates to tackle inflation, which rose to levels not seen for decades in many countries including the United States.

The Federal Reserve extended its year-long fight against high inflation on March 22 by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.