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CNBC Financial News

'Be very vigilant': Bank of England chief says the market is testing banks to identify weakness

Tue, 03/28/2023 - 04:35
Bank of England Governor Andrew Bailey on Tuesday vowed to be "very vigilant" amid ongoing volatility.

This is not another banking crisis, analysts say — it's 'sentiment contagion' instead

Mon, 03/27/2023 - 22:59
Friday's plunge in Deutsche Bank's share price — despite relatively strong capital and liquidity positions — left many market watchers confounded.

Private equity deals in Asia plunged 44% in 2022. More uncertainty may be ahead

Mon, 03/27/2023 - 18:38
China and India accounted for a drop of $35 billion in total deal value for large growth deals for the year, Bain & Co said in a Tuesday report.

Fed's Barr calls Silicon Valley Bank failure a 'textbook case of mismanagement'

Mon, 03/27/2023 - 10:29
The Federal Reserve's top banking regulator said Monday that the failure of Silicon Valley Bank was due largely to mismanagement.

Stocks making the biggest midday moves: Coinbase, First Citizens, Roku and more

Mon, 03/27/2023 - 09:34
These are the stocks posting some of the largest moves at midday.

Here's why the U.S. had to sweeten terms to get the SVB sale done

Mon, 03/27/2023 - 08:37
The winning bidder in the government's auction of Silicon Valley Bank's main assets got several concessions to make the deal happen.

Stocks making the biggest moves premarket: Pinterest, First Citizens, Caterpillar & more

Mon, 03/27/2023 - 05:13
Regional banks rose following a report that U.S. authorities were considering expanding government support for banks to provide additional liquidity.

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

Mon, 03/27/2023 - 01:40
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.

First Citizens to buy large chunk of failed Silicon Valley Bank

Sun, 03/26/2023 - 23:26
The deal will see First Citizens Bank purchase approximately $72 billion of SVB assets at a discount of $16.5 billion.

'The first bank crisis of the Twitter generation': The pressure on banks is very different from 2008

Sun, 03/26/2023 - 23:05
Credit Suisse and Silicon Valley Bank may have collapsed but a financial crash today would be very different to the 2008 crisis.

Pfizer signs agreement with China on improving health coverage in the country

Sun, 03/26/2023 - 19:47
U.S. pharma giant Pfizer has signed an agreement with China to cooperate on improving the country's health coverage, according to the company.

China's debt-heavy local governments look for new ways to raise cash

Sun, 03/26/2023 - 18:26
Debt-heavy local governments in China need new ways to raise money under a central regime keen on reducing financial risks.

Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say

Sat, 03/25/2023 - 13:05
Uncertainty caused by the collapse of Silicon Valley Bank this month triggered outflows and plunging share prices at peers including First Republic and PacWest.

Bank turmoil is boosting appetite for specific sector ETFs. Here’s why

Sat, 03/25/2023 - 08:00
It appears a certain group of ETFs is gaining popularity as a way to cushion financial system upheaval.

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

Sat, 03/25/2023 - 06:00
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.

Nearly $100 billion in deposits pulled from banks; officials call system 'sound and resilient'

Fri, 03/24/2023 - 13:56
Regulators again assured the public that the system is safe, which came as data showed customers pulled nearly $100 billion in deposits.

Key lawmakers say upcoming hearings on bank failures aim to boost U.S. confidence in banking sector

Fri, 03/24/2023 - 10:42
Lawmakers responsible for federal oversight say upcoming hearings on the failures of Silicon Valley Bank and Signature Bank will bolster confidence in banks.

Here are a financial advisor's 4 most important money tips for parents with young kids

Fri, 03/24/2023 - 10:19
There are a few ways expectant parents and those who already have young children can set their family up for financial success.

Stocks making the biggest moves midday: Block, Deutsche Bank, GameStop, Activision and more

Fri, 03/24/2023 - 10:05
These are the stocks posting the largest moves in midday trading.

Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads

Fri, 03/24/2023 - 08:24
Central banks and regulators had hoped that the Credit Suisse rescue deal would help calm investor jitters about the stability of Europe's banks.