Didi Chuxing said one of its drivers rammed and killed a passenger after a quarrel, according to Reuters. The murder allegations puts renewed pressure on China’s biggest ride-hailing firm which ramped up security measures after two women passenger were killed by their drivers in 2018. It could also overshadow the possibility of an initial public offering in hot capital markets if Chinese...
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Breaking Up SVB Is Hard to Do
With bids for the entity formerly known as Silicon Valley Bank due Friday, potential buyers and regulators are running into an interesting reality: Breaking up—and salvaging—SVB is hard to do. Nearly two weeks after SVB failed, the Federal Deposit Insurance Corp. has yet to find a buyer for the so-called bridge bank that took over SVB’s operations, despite being on the third...
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On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious sigh of relief.
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