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 NEWS: CNBC FINANCE
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   NEWS: CNBC FINANCE
CNBC Finance
Mar 27, 2023

First Citizens soars more than 40% after buying large chunk of failed Silicon Valley Bank
The deal will see First Citizens Bank purchase approximately $72 billion of SVB assets at a discount of $16.5 billion.

CNBC Finance
Mar 27, 2023

Stocks making the biggest moves premarket: Pinterest, First Citizens, Caterpillar & more
Regional banks rose following a report that U.S. authorities were considering expanding government support for banks to provide additional liquidity.

CNBC Finance
Mar 27, 2023

Saudi National Bank chair resigns just days after Credit Suisse comments sparked sell-off
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.

CNBC Finance
Mar 27, 2023

First Citizens to buy large chunk of failed Silicon Valley Bank
The deal will see First Citizens Bank purchase approximately $72 billion of SVB assets at a discount of $16.5 billion.

CNBC Finance
Mar 27, 2023

'The first bank crisis of the Twitter generation': The pressure on banks is very different from 2008
Credit Suisse and Silicon Valley Bank may have collapsed but a financial crash today would be very different to the 2008 crisis.

CNBC Finance
Mar 26, 2023

Pfizer signs agreement with China on improving health coverage in the country
U.S. pharma giant Pfizer has signed an agreement with China to cooperate on improving the country's health coverage, according to the company.

CNBC Finance
Mar 26, 2023

China's debt-heavy local governments look for new ways to raise cash
Debt-heavy local governments in China need new ways to raise money under a central regime keen on reducing financial risks.

CNBC Finance
Mar 25, 2023

Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say
Uncertainty caused by the collapse of Silicon Valley Bank this month triggered outflows and plunging share prices at peers including First Republic and PacWest.

CNBC Finance
Mar 25, 2023

Bank turmoil is boosting appetite for specific sector ETFs. Here's why
It appears a certain group of ETFs is gaining popularity as a way to cushion financial system upheaval.

CNBC Finance
Mar 25, 2023

Investing isn't free. But here's why 20% of investors think it is
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.

CNBC Finance
Mar 24, 2023

Nearly $100 billion in deposits pulled from banks; officials call system 'sound and resilient'
Regulators again assured the public that the system is safe, which came as data showed customers pulled nearly $100 billion in deposits.

CNBC Finance
Mar 24, 2023

Key lawmakers say upcoming hearings on bank failures aim to boost U.S. confidence in banking sector
Lawmakers responsible for federal oversight say upcoming hearings on the failures of Silicon Valley Bank and Signature Bank will bolster confidence in banks.

CNBC Finance
Mar 24, 2023

Here are a financial advisor's 4 most important money tips for parents with young kids
There are a few ways expectant parents and those who already have young children can set their family up for financial success.

CNBC Finance
Mar 24, 2023

Stocks making the biggest moves midday: Block, Deutsche Bank, GameStop, Activision and more
These are the stocks posting the largest moves in midday trading.

CNBC Finance
Mar 24, 2023

Deutsche Bank shares slide after sudden spike in the cost of insuring against its default
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.

CNBC Finance
Mar 24, 2023

Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads
Central banks and regulators had hoped that the Credit Suisse rescue deal would help calm investor jitters about the stability of Europe's banks.

CNBC Finance
Mar 24, 2023

Deutsche Bank shares slide 11% after sudden spike in the cost of insuring against its default
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.

CNBC Finance
Mar 24, 2023

Deutsche Bank shares slide 14% after sudden spike in the cost of insuring against its default
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.

CNBC Finance
Mar 24, 2023

Stocks making the biggest moves premarket: Deutsche Bank, Coinbase, Block, Marathon Oil and more
These are the stocks posting the largest moves in early morning trading.

CNBC Finance
Mar 24, 2023

Deutsche Bank shares slide 13% after sudden spike in the cost of insuring against its default
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.

CNBC Finance
Mar 24, 2023

TikTok wants to distance itself from China — but Beijing is getting involved
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.

CNBC Finance
Mar 24, 2023

The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?
Swiss authorities placed a heavy emphasis on the role of U.S. regional banking collapses in pushing Credit Suisse to the brink.

CNBC Finance
Mar 23, 2023

Ex-Morgan Stanley advisor charged with defrauding NBA players out of millions
Darryl Cohen is facing three different counts of fraud, which could amount to 20 years in prison.

CNBC Finance
Mar 23, 2023

Crypto is banned in China, but Binance employees and support volunteers tell people how to bypass the ban
The techniques have evolved to sidestep Binance's highly publicized know-your-customer controls, and focus on obscuring a user's country of origin.

CNBC Finance
Mar 23, 2023

Banks ramp up use of new Fed facility created during crisis
Banks are sitting on unrealized losses thanks to rising interest rates. That helped lead to the implosion of Silicon Valley Bank this month.

CNBC Finance
Mar 23, 2023

Ex-Morgan Stanley advisor charged with defrauding NBA players out of $13 million
Darryl Cohen is facing three different counts of fraud, which could amount to 20 years in prison.

CNBC Finance
Mar 23, 2023

Stocks making the biggest moves midday: Netflix, Block, Snap, KB Home and more
Block fell after Hindenburg Research unveiled its latest short position on the stock. KB Home popped on earnings.

CNBC Finance
Mar 23, 2023

Bank of England hikes interest rates by 25 basis points after inflation surprises
The Bank of England on Thursday hiked interest rates to their highest level since 2008 as it grapples with persistent high inflation.

CNBC Finance
Mar 23, 2023

Stocks making the biggest moves premarket: Coinbase, AMC, Chewy, First Republic and more
These are the stocks posting the largest moves in premarket trading.

CNBC Finance
Mar 23, 2023

Swiss regulator defends controversial $17 billion writedown of Credit Suisse bonds
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.

CNBC Finance
Mar 23, 2023

European lawmakers are quietly miffed at U.S. regulators over SVB's collapse
Regulators and officials across the European Union have been nervous about potential contagion to their own banking sector.

CNBC Finance
Mar 23, 2023

Swiss regulator says central bank loan to Credit Suisse justified AT1 bond writedown
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.

CNBC Finance
Mar 23, 2023

Tencent's online ad revenue grows for the first time in more than a year
Chinese tech giant Tencent reported Wednesday better-than-expected quarterly revenue, helped by growth in ads within its growing "video accounts" business.

CNBC Finance
Mar 22, 2023

Wells Fargo lists financial instability as biggest economic risk post-Fed decision
"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.

CNBC Finance
Mar 22, 2023

Stocks making the biggest moves after hours: Steelcase, Coinbase, KB Home and more
These are the stocks posting the largest moves in extended trading.

CNBC Finance
Mar 22, 2023

Regional bank shares fall as Fed persists with rate hikes despite industry turmoil
Regional bank stocks have been closely followed in recent days amid concerns over the broader sector.

CNBC Finance
Mar 22, 2023

Fed hikes rates by a quarter percentage point, indicates increases are near an end
The Federal Reserve on Wednesday released its decision on interest rates following a two-day meeting.

CNBC Finance
Mar 22, 2023

The IRS plans to tax some NFTs as collectibles — and the rich would pay up to 28% on profits
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.

CNBC Finance
Mar 22, 2023

The Fed forecasts just one more rate hike this year
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.

CNBC Finance
Mar 22, 2023

Here's what changed in the new Fed statement
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.

CNBC Finance
Mar 22, 2023

Stocks making the biggest moves midday: Nvidia, First Republic, Nike, GameStop and more
These are the stocks posting the largest moves in midday trading.

CNBC Finance
Mar 22, 2023

JPMorgan Chase buys data platform for startups in push to serve venture capital investors
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.

CNBC Finance
Mar 22, 2023

XRP cryptocurrency jumps as investors hope Ripple will win legal battle with the SEC
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.

CNBC Finance
Mar 22, 2023

Here's everything the Federal Reserve is expected to do Wednesday
The Fed will close its two-day meeting Wednesday with a heavy air of uncertainty.

CNBC Finance
Mar 22, 2023

Stocks making the biggest moves premarket: GameStop, Luminar Technologies, Virgin Orbit & more
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.

CNBC Finance
Mar 22, 2023

Goldman Sachs is using ChatGPT-style A.I. in house to assist developers with writing code
Goldman Sachs developers are internally using generative AI tools to assist their code writing, according to a top executive at the bank.

CNBC Finance
Mar 22, 2023

DCG-owned crypto exchange Luno replaces CEO, seeks outside investment after layoffs
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.

CNBC Finance
Mar 22, 2023

UK inflation rate breaks 3-month stretch of declines with surprise rise to 10.4%
U.K. inflation unexpectedly jumped in February as food and energy bills continued to soar, placing further pressure on households.

CNBC Finance
Mar 22, 2023

Give us your nominations: CNBC is ranking the world's top fintech companies
CNBC and independent research firm Statista are going to identify the world's top 200 fintech companies.

CNBC Finance
Mar 21, 2023

First Republic jumps nearly 30%, leads comeback rally in regional banks Tuesday
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.

CNBC Finance
Mar 21, 2023

Biden used first veto to save a 401(k) investment rule. Here's what it does
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.

CNBC Finance
Mar 21, 2023

Stocks making the biggest moves midday: Tesla, First Republic, KeyCorp, UBS and more
Check out the companies making headlines in midday trading Tuesday.

CNBC Finance
Mar 21, 2023

First Republic jumps 30%, leads comeback rally in regional banks Tuesday
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.

CNBC Finance
Mar 21, 2023

First Republic jumps 40%, leads comeback rally in regional banks Tuesday
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.

CNBC Finance
Mar 21, 2023

Silicon Valley Bank collapse was 'Lehman moment for technology,' top Goldman Sachs deal-maker says
The collapse of Silicon Valley Bank was "a little bit like the Lehman moment for technology," a top Goldman Sachs deal-maker told CNBC.

CNBC Finance
Mar 21, 2023

Credit Suisse bondholders prepare lawsuit after contentious $17 billion writedown
A number of Credit Suisse bondholders said they are considering legal action after the $17 billion wipeout of the embattled bank's AT1 bonds.

CNBC Finance
Mar 21, 2023

Watch Treasury Secretary Janet Yellen speak live to banking conference
Yellen said authorities are prepared to extend unlimited deposit insurance to other banks if necessary.

CNBC Finance
Mar 21, 2023

Silicon Valley Bank collapse was 'Lehman moment for technology,' top Goldman Sachs dealmaker says
The collapse of Silicon Valley Bank was "a little bit like the Lehman moment for technology," a top Goldman Sachs dealmaker told CNBC.

CNBC Finance
Mar 21, 2023

First Republic jumps 20%, leads comeback rally in regional banks Tuesday
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.

CNBC Finance
Mar 21, 2023

Stocks making the biggest premarket moves: Tesla, First Republic, UBS, Foot Locker and more
These are the stocks posting the largest moves in the premarket on Tuesday.

CNBC Finance
Mar 21, 2023

First Republic jumps more than 20%, leads comeback rally in regional banks Tuesday
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.

CNBC Finance
Mar 21, 2023

'A financial banana republic': UBS-Credit Suisse deal puts Switzerland's reputation on the line
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.

CNBC Finance
Mar 20, 2023

JPMorgan advising First Republic on strategic alternatives, including a capital raise, sources say
JPMorgan Chase is advising embattled First Republic Bank on strategic alternatives, sources tell CNBC's David Faber.

CNBC Finance
Mar 20, 2023

Stocks making the biggest moves midday: First Republic, UBS, Virgin Orbit, Dell and more
First Republic fell sharply once again, while UBS popped after acquiring rival Credit Suisse.

CNBC Finance
Mar 20, 2023

Bitcoin briefly tops $28,000 for the first time in 9 months after bank crisis sparks weekend rally
Bitcoin climbed over the weekend as some investors turned to digital currencies amid a crisis in the traditional banking sector.

CNBC Finance
Mar 20, 2023

UBS shares reverse losses, Credit Suisse craters 55% after takeover deal
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.

CNBC Finance
Mar 20, 2023

First Republic continues tanking, but other regional banks are rallying on Monday
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.

CNBC Finance
Mar 20, 2023

Stocks making the biggest moves premarket: First Republic, UBS, Enphase Energy
Shares of regional banks ex-First Republic were mostly higher early Monday.

CNBC Finance
Mar 20, 2023

First Republic shares slide 18% Monday after a credit rating downgrade
S&P cut its credit rating to B from BB on Sunday after first lowering it to junk status just last week.

CNBC Finance
Mar 20, 2023

UBS shares fall 5%, Credit Suisse craters 60% after takeover deal
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.

CNBC Finance
Mar 20, 2023

Saudi National Bank loses over $1 billion on Credit Suisse investment
Credit Suisse's largest shareholder confirmed to CNBC that it had suffered a loss of around 80% on its investment.

CNBC Finance
Mar 20, 2023

First Republic shares are sliding again Monday after a credit rating downgrade
S&P cut its credit rating to B from BB on Sunday after first lowering it to junk status just last week.

CNBC Finance
Mar 20, 2023

Bitcoin market gains $26 billion after hitting 9-month high as banking crisis sparks rally
Bitcoin jumped on Monday as some investors turned to digital currencies amid a crisis in the traditional banking sector.

CNBC Finance
Mar 20, 2023

UBS shares slide 7%, Credit Suisse craters 61% after takeover deal
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.

CNBC Finance
Mar 20, 2023

UBS shares slide 14%, Credit Suisse craters 63% after takeover deal
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.

CNBC Finance
Mar 20, 2023

Asia's regulators say banking system is robust and stable after UBS-Credit Suisse takeover deal
From Hong Kong to Australia and Singapore, authorities urged that their domestic banking systems were stable.

CNBC Finance
Mar 19, 2023

UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
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."

CNBC Finance
Mar 19, 2023

UBS agrees to buy Credit Suisse as regulators look to shore up the global banking system
Credit Suisse had already been battling a string of losses and scandals, and the last two weeks sentiment was rocked again.

CNBC Finance
Mar 19, 2023

UBS offers to buy Credit Suisse for 'substantially' more than $1 billion, sources say
A sale to UBS comes after Credit Suisse shares logged their worst weekly decline since the onset of the coronavirus pandemic.

CNBC Finance
Mar 19, 2023

SVB collapse is double-whammy for tech startups already navigating brutal market
Startup founders across the U.S. were already cutting costs and preserving cash before Silicon Valley Bank's failure this month complicated their situation.

CNBC Finance
Mar 19, 2023

UBS offers to buy Credit Suisse for up to $1 billion, the Financial Times reports
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.

CNBC Finance
Mar 18, 2023

'Be mindful of your risk': Money manager tackles Silicon Valley Bank fallout on ETFs
There's speculation bank stress could expose problems lurking in ETFs tied to specific sectors.

CNBC Finance
Mar 18, 2023

Fail or sale? What could be next for stricken Credit Suisse
JPMorgan's Kian Abouhossein described a Credit Suisse takeover by UBS as "the more likely scenario."

CNBC Finance
Mar 17, 2023

First Republic shares slid almost 33% after deposit infusion, dragging down other regional banks
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.

CNBC Finance
Mar 17, 2023

Credit Suisse sheds another 8% as traders digest emergency liquidity
Credit Suisse shares fell 8% Friday after soaring over the previous session.

CNBC Finance
Mar 17, 2023

Stocks making the biggest moves midday: First Republic, FedEx, Nvidia, Bumble & more
First Republic tumbled again, while FedEx rose on stronger-than-expected earnings.

CNBC Finance
Mar 17, 2023

First Republic shares fall more than 20% despite deposit infusion, dragging down other regional banks
The losses come even after 11 other banks pledged to deposit $30 billion in First Republic as a vote of confidence in the company.

CNBC Finance
Mar 17, 2023

Why our brains are hard-wired for bank runs like those that toppled SVB, Signature
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.

CNBC Finance
Mar 17, 2023

Credit Suisse sheds another 9% as traders digest emergency liquidity
Credit Suisse shares fell 9% Friday after soaring over the previous session.

CNBC Finance
Mar 17, 2023

Stocks making the biggest moves premarket: Nvidia, First Republic, FedEx and more
These are the stocks posting the largest moves before the bell.

CNBC Finance
Mar 17, 2023

Credit Suisse sheds another 12% as traders digest emergency liquidity
Credit Suisse shares fell 12% Friday after soaring over the previous session.

CNBC Finance
Mar 17, 2023

Moral hazard? Hawkish pause? What these terms mean and why should investors care
Here's how these four words are shaping the debate in the market around the fast-moving banking troubles.

CNBC Finance
Mar 17, 2023

Credit Suisse sheds another 5% as traders digest emergency liquidity
Credit Suisse shares opened down 5% Friday after soaring over the previous session.

CNBC Finance
Mar 17, 2023

China's Xi to go to Russia next week for his first visit since Putin ordered invasion of Ukraine
Chinese President Xi Jinping is set to visit Russia from March 20 to 22, China's Ministry of Foreign Affairs announced Friday.

CNBC Finance
Mar 17, 2023

From spying to Swiss bailout: How years of turbulence at Credit Suisse came to a head
Credit Suisse received a liquidity lifeline from the Swiss National Bank on Wednesday after its share price plunged to an all-time low.

CNBC Finance
Mar 17, 2023

Fitch says banks in Asia are resilient to risks seen in U.S. bank failures
Asia-Pacific banks are "resilient to risks" highlighted by failures seen in U.S. banking sector, Fitch Ratings said Thursday.

CNBC Finance
Mar 17, 2023

China revives ruling party control of financial oversight
The ruling Communist Party of China is establishing commissions to oversee finance and tech, state media announced Thursday.

CNBC Finance
Mar 16, 2023

Stocks making the biggest moves after hours: FedEx, First Republic Bank and more
These are the stocks posting the largest moves in extended trading.

CNBC Finance
Mar 16, 2023

Banks take advantage of Fed crisis lending programs
Financial institutions took about $300 billion in short-term loans this week from the Federal Reserve as the industry copes with a serious crisis.

CNBC Finance
Mar 16, 2023

Credit Suisse shares soar over 18% on Swiss National Bank loan announcement
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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