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Mar 27, 2023
The deal will see First Citizens Bank purchase approximately $72 billion of SVB assets at a discount of $16.5 billion.
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Mar 27, 2023
Regional banks rose following a report that U.S. authorities were considering expanding government support for banks to provide additional liquidity.
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Mar 27, 2023
Al-Khudairy's resignation comes days after his comments fueled investor panic and contributed to a selloff in the shares of embattled lender Credit Suisse.
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Mar 27, 2023
The deal will see First Citizens Bank purchase approximately $72 billion of SVB assets at a discount of $16.5 billion.
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Mar 27, 2023
Credit Suisse and Silicon Valley Bank may have collapsed but a financial crash today would be very different to the 2008 crisis.
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Mar 26, 2023
U.S. pharma giant Pfizer has signed an agreement with China to cooperate on improving the country's health coverage, according to the company.
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Mar 26, 2023
Debt-heavy local governments in China need new ways to raise money under a central regime keen on reducing financial risks.
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Mar 25, 2023
Uncertainty caused by the collapse of Silicon Valley Bank this month triggered outflows and plunging share prices at peers including First Republic and PacWest.
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Mar 25, 2023
It appears a certain group of ETFs is gaining popularity as a way to cushion financial system upheaval.
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Mar 25, 2023
Investors pay fees each year for mutual funds, financial advice and other services. Many aren't aware of these costs, which add up over the long term.
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Mar 24, 2023
Regulators again assured the public that the system is safe, which came as data showed customers pulled nearly $100 billion in deposits.
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Mar 24, 2023
Lawmakers responsible for federal oversight say upcoming hearings on the failures of Silicon Valley Bank and Signature Bank will bolster confidence in banks.
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Mar 24, 2023
There are a few ways expectant parents and those who already have young children can set their family up for financial success.
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Mar 24, 2023
These are the stocks posting the largest moves in midday trading.
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Mar 24, 2023
Deutsche Bank shares fell on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe's banks persisted.
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Mar 24, 2023
Central banks and regulators had hoped that the Credit Suisse rescue deal would help calm investor jitters about the stability of Europe's banks.
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Mar 24, 2023
Deutsche Bank shares fell 11% on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe's banks persisted.
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Mar 24, 2023
Deutsche Bank shares fell 14% on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe's banks persisted.
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Mar 24, 2023
These are the stocks posting the largest moves in early morning trading.
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Mar 24, 2023
Deutsche Bank shares fell 13% on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe's banks persisted.
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Mar 24, 2023
China said that it would "strongly oppose" a forced sale of TikTok from its parent ByteDance, as the app faced intense scrutiny and a potential ban in U.S.
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Mar 24, 2023
Swiss authorities placed a heavy emphasis on the role of U.S. regional banking collapses in pushing Credit Suisse to the brink.
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Mar 23, 2023
Darryl Cohen is facing three different counts of fraud, which could amount to 20 years in prison.
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Mar 23, 2023
The techniques have evolved to sidestep Binance's highly publicized know-your-customer controls, and focus on obscuring a user's country of origin.
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Mar 23, 2023
Banks are sitting on unrealized losses thanks to rising interest rates. That helped lead to the implosion of Silicon Valley Bank this month.
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Mar 23, 2023
Darryl Cohen is facing three different counts of fraud, which could amount to 20 years in prison.
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Mar 23, 2023
Block fell after Hindenburg Research unveiled its latest short position on the stock. KB Home popped on earnings.
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Mar 23, 2023
The Bank of England on Thursday hiked interest rates to their highest level since 2008 as it grapples with persistent high inflation.
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Mar 23, 2023
These are the stocks posting the largest moves in premarket trading.
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Mar 23, 2023
Swiss regulator FINMA on Thursday defended its decision to instruct Credit Suisse to write down its AT1 bonds — a controversial part of the lender's emergency sale to UBS.
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Mar 23, 2023
Regulators and officials across the European Union have been nervous about potential contagion to their own banking sector.
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Mar 23, 2023
As a result of a more disclosure-focused tax environment under rules such as the EU mandatory disclosures and country-by-country reporting, tax directors are shying away from tax rulings and looking for new ways to achieve tax certainty.
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Mar 23, 2023
Chinese tech giant Tencent reported Wednesday better-than-expected quarterly revenue, helped by growth in ads within its growing "video accounts" business.
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Mar 22, 2023
"The Fed is not really giving enough credence to the idea that tighter credit means things weaken in a fairly quick manner," Wells Fargo's Mike Schumacher says.
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Mar 22, 2023
These are the stocks posting the largest moves in extended trading.
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Mar 22, 2023
Regional bank stocks have been closely followed in recent days amid concerns over the broader sector.
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Mar 22, 2023
The Federal Reserve on Wednesday released its decision on interest rates following a two-day meeting.
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Mar 22, 2023
The IRS intends to tax some non-fungible tokens as collectibles, it said in a notice Monday. Profits carry a higher top tax rate than stocks and crypto.
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Mar 22, 2023
The Fed will hike interest rates just one more time in 2023 before the central bank ends its battle against inflation, according to its median forecast.
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Mar 22, 2023
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on Feb. 1.
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Mar 22, 2023
These are the stocks posting the largest moves in midday trading.
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Mar 22, 2023
The deal is the latest in a string of fintech acquisitions made under CEO Jamie Dimon. Since 2020, JPMorgan has acquired a half-dozen startups.
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Mar 22, 2023
XRP, a cryptocurrency closely associated with Ripple, surged over 11% on Wednesday as investors grew hopeful the firm would win its legal battle with the SEC.
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Mar 22, 2023
The Fed will close its two-day meeting Wednesday with a heavy air of uncertainty.
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Mar 22, 2023
Shares of Richard Branson's Virgin Orbit Holdings soared on a report it is nearing a $200 million investment deal, rescuing it from potential bankruptcy.
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Mar 22, 2023
Goldman Sachs developers are internally using generative AI tools to assist their code writing, according to a top executive at the bank.
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Mar 22, 2023
Marcus Swanepoel, the CEO of crypto exchange Luno, is now executive chairman. He'll focus on helping Luno seek funding from investors other than DCG.
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Mar 22, 2023
U.K. inflation unexpectedly jumped in February as food and energy bills continued to soar, placing further pressure on households.
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Mar 22, 2023
CNBC and independent research firm Statista are going to identify the world's top 200 fintech companies.
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Mar 21, 2023
Investors hoped for some sort of strategic action by the troubled bank or another big regulatory move to stem the downward spiral in the sector.
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Mar 21, 2023
President Joe Biden vetoed a measure that would have overturned a recent 401(k) investment rule about ESG funds. The rule loosened some Trump-era restrictions.
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Mar 21, 2023
Check out the companies making headlines in midday trading Tuesday.
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Mar 21, 2023
Investors hoped for some sort of strategic action by the troubled bank or another big regulatory move to stem the downward spiral in the sector.
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Mar 21, 2023
Investors hoped for some sort of strategic action by the troubled bank or another big regulatory move to stem the downward spiral in the sector.
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Mar 21, 2023
The collapse of Silicon Valley Bank was "a little bit like the Lehman moment for technology," a top Goldman Sachs deal-maker told CNBC.
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Mar 21, 2023
A number of Credit Suisse bondholders said they are considering legal action after the $17 billion wipeout of the embattled bank's AT1 bonds.
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Mar 21, 2023
Yellen said authorities are prepared to extend unlimited deposit insurance to other banks if necessary.
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Mar 21, 2023
The collapse of Silicon Valley Bank was "a little bit like the Lehman moment for technology," a top Goldman Sachs dealmaker told CNBC.
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Mar 21, 2023
Investors hoped for some sort of strategic action by the troubled bank or another big regulatory move to stem the downward spiral in the sector.
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Mar 21, 2023
These are the stocks posting the largest moves in the premarket on Tuesday.
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Mar 21, 2023
Investors hoped for some sort of strategic action by the troubled bank or another big regulatory move to stem the downward spiral in the sector.
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Mar 21, 2023
The demise of banking giant Credit Suisse sent shockwaves through financial markets and appears to have dealt a blow to Switzerland's reputation for stability.
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Mar 20, 2023
JPMorgan Chase is advising embattled First Republic Bank on strategic alternatives, sources tell CNBC's David Faber.
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Mar 20, 2023
First Republic fell sharply once again, while UBS popped after acquiring rival Credit Suisse.
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Mar 20, 2023
Bitcoin climbed over the weekend as some investors turned to digital currencies amid a crisis in the traditional banking sector.
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Mar 20, 2023
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.
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Mar 20, 2023
S&P cut its credit rating on First Republic to B from BB on Sunday after first lowering it to junk status just last week.
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Mar 20, 2023
Shares of regional banks ex-First Republic were mostly higher early Monday.
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Mar 20, 2023
S&P cut its credit rating to B from BB on Sunday after first lowering it to junk status just last week.
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Mar 20, 2023
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.
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Mar 20, 2023
Credit Suisse's largest shareholder confirmed to CNBC that it had suffered a loss of around 80% on its investment.
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Mar 20, 2023
S&P cut its credit rating to B from BB on Sunday after first lowering it to junk status just last week.
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Mar 20, 2023
Bitcoin jumped on Monday as some investors turned to digital currencies amid a crisis in the traditional banking sector.
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Mar 20, 2023
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.
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Mar 20, 2023
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.
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Mar 20, 2023
From Hong Kong to Australia and Singapore, authorities urged that their domestic banking systems were stable.
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Mar 19, 2023
The $3.2 billion rescue deal came after a weekend of crunch talks, with the chairman of UBS describing it as "absolutely essential to ... global finance."
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Mar 19, 2023
Credit Suisse had already been battling a string of losses and scandals, and the last two weeks sentiment was rocked again.
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Mar 19, 2023
A sale to UBS comes after Credit Suisse shares logged their worst weekly decline since the onset of the coronavirus pandemic.
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Mar 19, 2023
Startup founders across the U.S. were already cutting costs and preserving cash before Silicon Valley Bank's failure this month complicated their situation.
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Mar 19, 2023
The deal, which could be signed as early as this evening, values Credit Suisse at around $7 billion less than its market value at Friday's close.
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Mar 18, 2023
There's speculation bank stress could expose problems lurking in ETFs tied to specific sectors.
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Mar 18, 2023
JPMorgan's Kian Abouhossein described a Credit Suisse takeover by UBS as "the more likely scenario."
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Mar 17, 2023
The losses came even after 11 other banks pledged to deposit $30 billion in First Republic for at least 120 days in a coordinated rescue attempt.
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Mar 17, 2023
Credit Suisse shares fell 8% Friday after soaring over the previous session.
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Mar 17, 2023
First Republic tumbled again, while FedEx rose on stronger-than-expected earnings.
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Mar 17, 2023
The losses come even after 11 other banks pledged to deposit $30 billion in First Republic as a vote of confidence in the company.
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Mar 17, 2023
The bank run that led SVB to fail was a rational flight to safety, behavioral finance experts said. It shows how human psychology can inject financial risk.
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Mar 17, 2023
Credit Suisse shares fell 9% Friday after soaring over the previous session.
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Mar 17, 2023
These are the stocks posting the largest moves before the bell.
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Mar 17, 2023
Credit Suisse shares fell 12% Friday after soaring over the previous session.
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Mar 17, 2023
Here's how these four words are shaping the debate in the market around the fast-moving banking troubles.
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Mar 17, 2023
Credit Suisse shares opened down 5% Friday after soaring over the previous session.
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Mar 17, 2023
Chinese President Xi Jinping is set to visit Russia from March 20 to 22, China's Ministry of Foreign Affairs announced Friday.
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Mar 17, 2023
Credit Suisse received a liquidity lifeline from the Swiss National Bank on Wednesday after its share price plunged to an all-time low.
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Mar 17, 2023
Asia-Pacific banks are "resilient to risks" highlighted by failures seen in U.S. banking sector, Fitch Ratings said Thursday.
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Mar 17, 2023
The ruling Communist Party of China is establishing commissions to oversee finance and tech, state media announced Thursday.
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Mar 16, 2023
These are the stocks posting the largest moves in extended trading.
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Mar 16, 2023
Financial institutions took about $300 billion in short-term loans this week from the Federal Reserve as the industry copes with a serious crisis.
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Mar 16, 2023
Credit Suisse shares rose over 30% at the market open after the bank said that it will borrow up to $54 billion from the Swiss National Bank.
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