Recognized for demonstrating business integrity through best-in-class ethics, compliance, and governance practices BENGALURU, India, March 13, 2023 /PRNewswire/ Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been recognized, by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2023 World's Most Ethical Companies. Infosys received the honour, for the third consecutive year, for demonstrating the high standards of business integrity through best-in-class ethics, compliance, and governance practices. Infosys has become the only Company in India, and one of the four companies globally, in the software and services industry to receive this recognition. This recognition is awarded to global companies that have exceptional business ethics and are committed to advancebusiness integrity. Infosys has been recognized among 135 honorees
secretary yellen approved actions enabling the fdic to complete its resolution of silicon valley bank santa clara california. in a manner that fully protects all depositors. depositors will have access to all of their money starting monday, march 13. no losses associated with the resolution silicon valley bank will be barred by the taxpayer. they go on to say that they are extending the same protections to those depositors with money at signature bank, which is banks in new york and additionally, they say that shareholders and certain unsecured debt holders will not be protected more will be senior management at this company. now, this comes as they have really been trying to seek this resolution to the issues that depositors are facing in the wake of the silicon valley bank. about 90 percent of depositors had money over $250,000. which was the previous limit that the fdic insured leaving
capitol. our options are basically to go find debt until we get access to the capitol. so eric the fdic put up this statement saying in part quote all insured depositors will have full access to their insured deposits no later than monday morning that is march 13 for the fdic s will pay uninsured depositors and advanced dividend within the next week. as you heard from that ceo the insurance limit is two and $50000. but the bank s customers were largely corporations with a lot more money in the bank than 250 grand. right now the amount of deposits above that insurance is not known. for uninsured depositors at future dividends we paid from the sale of whatever assets remain in the bank. back out here live, again 17 branches of the bank as well as the headquarters will all be open again on monday morning with normal business hours for that is when customers will be able to access the insured of funds of up to $250,000.