Yellen said authorities are prepared to extend unlimited deposit insurance to other banks if necessary.
Schlagwort-Archiv: CNBC
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.
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.
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.
‚A financial banana republic‘: UBS-Credit Suisse deal puts Switzerland’s reputation on the line
The demise of banking giant Credit Suisse sent shock waves through financial markets and appears to have dealt a blow to Switzerland’s reputation for stability.
Stocks making the biggest moves premarket: First Republic, UBS, Enphase Energy
Shares of regional banks ex-First Republic were mostly higher early Monday.
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.
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.
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.
UBS shares reverse losses, Credit Suisse craters 50% after takeover deal
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.