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Silicon Valley Bank resumes operation

STORY: Silicon Valley Bank resumes operation DATELINE: March 14, 2023 LENGTH: 00:01:46 LOCATION: SAN FRANCISCO, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of people waiting outside SVB STORYLINE: The Silicon Valley Bank (SVB), the 16th largest bank in the United States, resumed operation on Monday. SVB's website has also been restored. The U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation on Sunday evening announced joint action to stabilize the U.S. banking system, in response to the collapse of two mid-sized lenders, California's Silicon Valley Bank and New York's Signature Bank. California authorities closed SVB on Friday after the tech-focused lender reported huge losses from securities sales, sparking a run on the bank's deposits. The SVB collapse is the largest bank failure since the collapse of U.S. savings and loan association Washington Mutual in 2008. Xinhua News Agency correspondents reporting from San Francisco, U.S. (XHTV)

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U.S.-CALIFORNIA-SILICON VALLEY BANK

(230314) -- SANTA CLARA, March 14, 2023 (Xinhua) -- People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 13, 2023. The U.S. Treasury Department, the Fed, and the Federal Deposit Insurance Corporation on Sunday evening announced joint action to stabilize the U.S. banking system, in response to the collapse of two mid-sized lenders, California's Silicon Valley Bank and New York's Signature Bank. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-SILICON VALLEY BANK

(230314) -- SANTA CLARA, March 14, 2023 (Xinhua) -- People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 13, 2023. The U.S. Treasury Department, the Fed, and the Federal Deposit Insurance Corporation on Sunday evening announced joint action to stabilize the U.S. banking system, in response to the collapse of two mid-sized lenders, California's Silicon Valley Bank and New York's Signature Bank. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-SILICON VALLEY BANK

(230314) -- SANTA CLARA, March 14, 2023 (Xinhua) -- People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 13, 2023. The U.S. Treasury Department, the Fed, and the Federal Deposit Insurance Corporation on Sunday evening announced joint action to stabilize the U.S. banking system, in response to the collapse of two mid-sized lenders, California's Silicon Valley Bank and New York's Signature Bank. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-SILICON VALLEY BANK

(230314) -- SANTA CLARA, March 14, 2023 (Xinhua) -- People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 13, 2023. The U.S. Treasury Department, the Fed, and the Federal Deposit Insurance Corporation on Sunday evening announced joint action to stabilize the U.S. banking system, in response to the collapse of two mid-sized lenders, California's Silicon Valley Bank and New York's Signature Bank. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-SILICON VALLEY BANK

(230314) -- SANTA CLARA, March 14, 2023 (Xinhua) -- People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 13, 2023. The U.S. Treasury Department, the Fed, and the Federal Deposit Insurance Corporation on Sunday evening announced joint action to stabilize the U.S. banking system, in response to the collapse of two mid-sized lenders, California's Silicon Valley Bank and New York's Signature Bank. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-SILICON VALLEY BANK

(230314) -- SANTA CLARA, March 14, 2023 (Xinhua) -- People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 13, 2023. The U.S. Treasury Department, the Fed, and the Federal Deposit Insurance Corporation on Sunday evening announced joint action to stabilize the U.S. banking system, in response to the collapse of two mid-sized lenders, California's Silicon Valley Bank and New York's Signature Bank. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-SILICON VALLEY BANK

(230314) -- SANTA CLARA, March 14, 2023 (Xinhua) -- People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 13, 2023. The U.S. Treasury Department, the Fed, and the Federal Deposit Insurance Corporation on Sunday evening announced joint action to stabilize the U.S. banking system, in response to the collapse of two mid-sized lenders, California's Silicon Valley Bank and New York's Signature Bank. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-SILICON VALLEY BANK

(230314) -- SANTA CLARA, March 14, 2023 (Xinhua) -- People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 13, 2023. The U.S. Treasury Department, the Fed, and the Federal Deposit Insurance Corporation on Sunday evening announced joint action to stabilize the U.S. banking system, in response to the collapse of two mid-sized lenders, California's Silicon Valley Bank and New York's Signature Bank. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-SILICON VALLEY BANK

(230314) -- SANTA CLARA, March 14, 2023 (Xinhua) -- People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 13, 2023. The U.S. Treasury Department, the Fed, and the Federal Deposit Insurance Corporation on Sunday evening announced joint action to stabilize the U.S. banking system, in response to the collapse of two mid-sized lenders, California's Silicon Valley Bank and New York's Signature Bank. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-SILICON VALLEY BANK

(230314) -- SANTA CLARA, March 14, 2023 (Xinhua) -- People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 13, 2023. The U.S. Treasury Department, the Fed, and the Federal Deposit Insurance Corporation on Sunday evening announced joint action to stabilize the U.S. banking system, in response to the collapse of two mid-sized lenders, California's Silicon Valley Bank and New York's Signature Bank. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-SILICON VALLEY BANK

(230314) -- SANTA CLARA, March 14, 2023 (Xinhua) -- People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 13, 2023. The U.S. Treasury Department, the Fed, and the Federal Deposit Insurance Corporation on Sunday evening announced joint action to stabilize the U.S. banking system, in response to the collapse of two mid-sized lenders, California's Silicon Valley Bank and New York's Signature Bank. (Photo by Li Jianguo/Xinhua)

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Financial Services Agency OKs Sumitomo-Sakura merger

TOKYO, Japan - Sumitomo Bank President Yoshifumi Nishikawa (R) and Sakura Bank President Akishige Okada meet the press at the Financial Services Agency in Tokyo Dec. 26 after the agency approved a merger of the two lenders. The major Japanese commercial banks plan to combine as the Sumitomo Mitsui Banking Corp. in April.

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Greek households hit hard by price increases: survey

STORY: Greek households hit hard by price increases: survey DATELINE: March 25, 2022 LENGTH: 0:01:51 LOCATION: Athens CATEGORY: SOCIETY SHOTLIST: 1 National flag of Greece 2 various of markets in Greece 3 SOUNDBITE 1 (Greek): GEORGE KAVVATHAS, GSEVEE President 4 various of George Kavvathas at work 5 SOUNDBITE 2 (Greek): GEORGE KAVVATHAS, GSEVEE President 6 various of views in Greece STORYLINE: The income of one in two households in Greece lasted until the 19th of each month on average in 2021, according to the results of a survey released recently in Athens. The survey was conducted last year by the Small Enterprises' Institute (IME) of the Hellenic Confederation of Professionals, Craftsmen and Merchants (GSEVEE). One in two respondents to the survey expected their income to further shrink in 2022 due to rising inflation linked to skyrocketing energy costs, and to struggle to meet their obligations to the tax office, insurance funds and lenders. SOUNDBITE 1 (Greek): GEORGE KAVVATHAS, GSEVEE Presid

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Financial Services Agency OKs Sumitomo-Sakura merger

TOKYO, Japan - Sumitomo Bank President Yoshifumi Nishikawa (R) and Sakura Bank President Akishige Okada meet the press at the Financial Services Agency in Tokyo Dec. 26 after the agency approved a merger of the two lenders. The major Japanese commercial banks plan to combine as the Sumitomo Mitsui Banking Corp. in April.