The Global Banking sector engulfed in a crisis as three U.S. Banks, including SVB, failed in March 2023, leading to turbulence in the banking stocks across the world. Crisis spread to European Banks also where number of bank stocks took beating and long troubled Credit Suisse Bank was acquired (rescued) by UBS Group in a Swiss government brokered deal. US Feds and Central Banks across the world had to come into action and announce extraordinary measures to calm the markets. Indian Stock Markets also fell from Mid-March due to inflation concerns and global outlook.
Key M&A and Private Equity deals include UBS Group AG acquiring Credit Suisse for 3 Billion Swiss Francs and Kauvery Hospital raising funds from PE fund managed by IIFL. To read more, Click Here.