Peter Hoskins
| Use attributes for filter ! | |
| Gender | Male |
|---|---|
| Played by | Alec Baldwin |
| Movies/Shows | Prelude to a Kiss |
| Date of Reg. | |
| Date of Upd. | |
| ID | 3270363 |
Peter Hoskins Life story
Deflation: Why falling prices in China raise concerns
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WeChat: Why does Elon Musk want X to emulate China's everything-app?
...By Peter Hoskins & Fan WangBBC News Earlier this week Elon Musk rebranded Twitter to X - another step in his plan to emulate Chinese mega app WeChat...
Twitter engineering boss quits after DeSantis launch glitches
...By Peter Hoskins and Annabelle LiangBusiness reportersAn engineering chief at Twitter says he is leaving the company the day after the launch of Ron DeSantis US presidential campaign on the platform was hit with technical glitches...
Can Fox News afford the $787. 5m Dominion settlement?
...By Peter Hoskins and Michelle FleuryBBC NewsIn a last-minute deal, Fox News has settled a defamation lawsuit from voting machine firm Dominion over its coverage of the 2020 US election...
Adidas backtracks on Black Lives Matter design opposition
...By Peter Hoskins and Annabelle LiangBusiness reportersAdidas says it is withdrawing a request to the US Trademark Office to reject a Black Lives Matter (BLM) application for a trademark featuring three parallel stripes...
Silicon Valley Bank share slump rocks financial stocks
...By James Clayton, Peter Hoskins and Annabelle Liangin San Francisco and SingaporeShares in Silicon Valley Bank (SVB), a key lender to technology start-ups, plummeted on Thursday as investors moved to withdraw their deposits...
Sandwich chain Subway explores sale of business
...By Peter Hoskins and Annabelle LiangBBC NewsGlobal sandwich chain Subway says it is exploring a possible sale of the business after almost six decades of family ownership...
Elon Musk: Twitter closes offices until next week
...By James Clayton in San Francisco and Peter Hoskins in SingaporeBBC NewsTwitter has told employees that the company s office buildings will be temporarily closed, effective immediately...
Silicon Valley Bank share slump rocks financial stocks
By James Clayton , Peter Hoskins and Annabelle Liangin San Francisco and Singapore
Shares in Silicon Valley Bank (SVB), a key lender to technology start-ups, plummeted on Thursday as investors moved to withdraw their deposits.
The slide came After The Bank announced a $1. 75bn (£1. 5bn) share sale to help shore up its finances.
Shares in banks have fallen around The World - with The Four largest US banks, including JP Morgan and Wells Fargo , losing More Than $50bn in market value.
One Venture Capitalist told The Bbc The Day 's events were " wild" and " brutal".
On Friday, shares in Asian banks were also trading lower.
Shares in SVB saw their biggest one-day drop on record as they plunged by More Than 60% and lost another 20% in After -hours Trade .
After losing around $1. 8bn when it offloaded a portfolio of assets, mainly US Treasuries.
But more concerningly for The Bank , some start-ups who have money deposited have been advised to withdraw funds.
Hannah Chelkowski, founder of Blank Ventures, a fund that invests in financial technology, told The Bbc The Situation was " wild". She is advising companies in her portfolio to withdraw funds.
" It's crazy how it's just unravelled like this. . The interesting thing is that it's The Most start-up friendly bank and supported start-ups so much through Covid. Now VCs are telling their portfolio companies to pull their funds, " She Said .
" It's brutal, " she added.
A crucial lender for early-stage businesses, SVB is The banking partner for nearly half of US venture-backed technology and healthcare companies that listed on stock markets Last Year .
SVB did not immediately respond to a BBC request for further comment.
In The wider market, there were concerns about The value of bonds held by banks as rising interest rates made those bonds less valuable.
Central banks around The World - including The US Federal Reserve and The Bank of England - have sharply increased interest rates as they try to curb inflation.
Banks tend to hold large portfolios of bonds and as a result are sitting on significant potential losses. The Falls in The value of bonds held by banks is not necessarily a problem unless they are forced to sell them.
But, if like Silicon Valley Bank, lenders have to sell The bonds they hold at a loss it could have an impact on their profits.
" The Banks are casualties of The hike in interest rates, " Ray Wang, founder and chief executive of Silicon Valley -based consultancy Constellation Research told The Bbc .
" Nobody at Silicon Valley Bank and in a lot of places thought that these interest rate hikes would have lasted this long. And I think that's really What Happened . They bet wrong, " he added.
Related TopicsSource of news: bbc.com
