USA

First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, potentially calming markets after the biggest U.S. banking collapse since Lehman Brothers. The deal includes purchasing approximately $72...

Tim J. Mayopoulos, a Greek-American banker, was appointed by the U.S. Federal Deposit Insurance Corporation as the new boss of Silicon Valley Bank (SVB) which collapsed last week. Mayopoulos was named CEO of the newly created entity, named Silicon Valley...

The US government has said that people and businesses who have money deposited with failed US bank Silicon Valley Bank (SVB) will be able to access all their cash from Monday. A statement from the US Treasury, the Federal Reserve...

Silicon Valey Bank, a tech startup-focused lender, was shut down by US regulators, in what is described as the largest failure since 2008.

Greece opened the Silicon Valley Greek Hub (SVGH) in San Francisco during a visit of government officials at the weekend. Members of the Greek community of the Bay Area active in the field of technology and entrepreneurs from Silicon Valley...

Covid-19 has delayed discussions with representatives from the Silicon Valley Greek Hub (SVGH) and the Greek government to acquire an organized and institutional presence in the San Francisco area. Scheduled to speak at his alma mater, the University of San...

An extremely huge agreement for the purchase of his company succeeded the Greek “magician” of Silicon Valley Tasos Arguros (photo). The big company of informative systems Teradata, officially announced that it will pay 263 million dollars to obtain the...

Tesla has shared a new clip of the Optimus robot, showing off how smoothly the humanoid bot can walk around. The 80-second video, which has already been viewed more than two million times in less than 24 hours, was captioned:...

The Department of Defense is utilizing artificial intelligence (AI) to assist service members in identifying deepfakes that may jeopardize national security. Modern AI technologies have made it incredibly easy to create convincing deepfakes, which aim to mimic the voice and...

The rivalry between the USA and China is the focus of the most critical geopolitical considerations, so it is no surprise that competition in the technological space is also a primary concern. One area of technological competition that is most...

The EU slapped Meta with a record $1.3 billion privacy fine Monday and ordered it to stop transferring user data across the Atlantic by October. The penalty fine of 1.2 billion euros from Ireland’s Data Protection Commission is the biggest...

First Republic Bank, headquartered in San Francisco, California, collapsed on Monday in the latest blow to the banking sector in the US. The Federal Deposit Insurance Corporation (FDIC) confirmed in a statement that the bank, which operates 84 offices in...

The US central bank has raised its key interest rate by 0.25 percentage points, despite fears that the move could aggravate the global banking crisis. Wednesday's rate rise is the ninth in a row by the Fed. It lifts its...

Shares of First Republic Bank continued their free-fall despite a rare move by the biggest U.S. banks to pump $30 billion into the regional lender. The company's stock plunged more than 47% on Monday, while trading was halted numerous times...

A group of big American banks has injected $30bn into a smaller regional bank, First Republic, to avert the crisis in the sector. The move came as authorities in the US are trying to quell panic over the health of...