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While some of America’s top banking CEOs discuss a new rescue plan and the Federal Reserve kicks off its two-day meeting.

The collapse of Silicon Valley Bank was a “Lehman moment” for the technology industry, according to a top Goldman Sachs deal-maker.

TikTok CEO Shou Zi Chew will tell lawmakers Thursday that banning the app in the U.S. would hurt American businesses and the country’s economy, according to newly released remarks prepared for his testimony before Congress.

BYD has reduced shifts at two auto assembly plants in China, people with knowledge of the matter told Reuters, in a sign of how weaker demand in the world’s largest auto market is affecting its best-selling electric vehicle brand.

A recent survey of 250 finance professionals commissioned by Flywire (Nasdaq: FLYW), a global payments enablement and software company, found that as finance professionals increasingly rely on their enterprise resource planning (ERP) systems for financial data, there’s an opportunity to integrate their ERPs with payment software to improve how their businesses gets paid.

Days before a hastily convened press conference late on Sunday that would make the world’s front pages, Switzerland’s political elite were secretly preparing a move that would jolt the globe.

Morgan Stanley’s Michael Wilson said the stress in the banking system marks what’s likely to be a painful and “vicious” start of an end to the bear market in US stocks.

European stock markets closed higher Monday as investors digested news of UBS’s takeover of Credit Suisse.

The Federal Reserve and 5 different main central banks have taken contemporary measures to enhance international entry to dollar liquidity as monetary markets reel from the turmoil hitting the banking sector.

Even with turmoil in the banking industry and uncertainty ahead, the Federal Reserve likely will approve a quarter-percentage-point interest rate increase next week, according to market pricing and many Wall Street experts.

Saudi Venture Capital Company (SVC) has announced the launch of a key product, in partnership with Capital Market Authority (CMA) and Financial Sector Development Program.

The second edition of the Financial Sector Conference (FSC 2023) has concluded in Riyadh, with a mood of optimism and energy to overcome market challenges to build a stronger, technology driven and sustainable economy of the future.