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Interest rate risk: SVB's nemesis a well-known foe in banking
Interest rate risk: SVB's nemesis a well-known foe in banking
by  AFP

Among the mysteries surrounding the collapse of Silicon Valley Bank, finance experts have fixated on the California lender's failure to practice basic risk management. SVB was a case of "management failure or malpractice," he said.

Credit Suisse at a crossroads as stocks slide again
Credit Suisse at a crossroads as stocks slide again
by  AFP

Credit Suisse shares fell again Friday despite being bolstered by the Swiss central bank as investors worry about which road the embattled lender will take to try and restore confidence. After recovering some ground on Thursday, Credit Suisse shares closed down eight percent on Friday at 1.86 Swiss francs each as the Zurich-based lender struggled to regain the confidence of investors.

Belarus jails top news site managers for 12 years
Belarus jails top news site managers for 12 years
by  AFP

Belarus on Friday handed long jail terms to senior staff at the country's largest independent news site, which was forced to shutter after historic demonstrations against strongman Alexander Lukashenko. Belarus also jailed two other perceived government critics on Friday.

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