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CNBC Financial News

Credit Suisse shares slide 24% after Saudi backer rules out further assistance

Wed, 03/15/2023 - 04:17
Shares of embattled bank Credit Suisse hit another all-time low for a second consecutive day as the bank's biggest backer says it can't provide more financial help.

Moody's Analytics' Mark Zandi says Fed unlikely to hike rates in March given banking turmoil

Wed, 03/15/2023 - 01:06
The Federal Reserve will likely not raise interest rates at its March meeting as there is still a "boatload of uncertainty" said Mark Zandi of Moody's Analytics. 

Moody's retains 'negative' outlook on China's banks amid challenges of emerging from Covid-zero

Tue, 03/14/2023 - 23:59
Ratings agency Moody's said Wednesday it maintained a "negative" outlook on China's banking sector due to a drawn out recovery from Covid controls.

SVB's failure will have a ripple effect across technology 'for years to come'

Tue, 03/14/2023 - 17:40
Silicon Valley Bank's collapse is likely to be felt across the technology landscape globally over the coming years.

Stocks making the biggest moves after hours: Lennar, First Republic, Western Alliance and more

Tue, 03/14/2023 - 14:25
See which stocks are posting big moves after the bell.

SVB execs sold $84 million in stock over the past 2 years, stoking outrage over insider trading plans

Tue, 03/14/2023 - 14:24
Altogether, Silicon Valley Bank executives and directors cashed out of $84 million worth of stock over the past two years, according to Smart Insider.

Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans

Tue, 03/14/2023 - 13:01
Private equity firms Apollo Global Management and KKR are among the parties reviewing a book of loans held by Silicon Valley Bank, CNBC has learned.

Carl Icahn says our economy is breaking because of inflation and poor corporate leadership

Tue, 03/14/2023 - 12:58
Famed activist and raider Carl Icahn believes the U.S. economy is in trouble because of poor corporate leadership and stubbornly high inflation.

Morgan Stanley is testing an OpenAI-powered chatbot for its 16,000 financial advisors

Tue, 03/14/2023 - 11:36
Morgan Stanley's move is one of the first announcements by a financial incumbent after the viral success of OpenAI's ChatGPT.

SVB's new CEO urges clients to 'help us rebuild our deposit base'

Tue, 03/14/2023 - 10:34
Tim Mayopoulos, who was appointed by regulators to run SVB, sent an email to clients on Tuesday telling them the bank is in business and wants their deposits.

Stocks making the biggest moves midday: BuzzFeed, First Republic, Meta and more

Tue, 03/14/2023 - 09:32
Regional bank stocks rebounded sharply on Tuesday after being hit hard on Friday and Monday.

SEC and Justice Department reportedly investigating SVB's collapse, including insider stock sales

Tue, 03/14/2023 - 07:58
The probes are looking into the stock sales that SVB executives' conducted ahead of the tech-focused bank's collapse.

Here’s the inflation breakdown for February — in one chart

Tue, 03/14/2023 - 07:06
The annual inflation rate continues to cool gradually, according to the February inflation report issued Tuesday. But it remains high by historical standards.

Ron Baron bought Charles Schwab shares during Monday's double-digit sell-off

Tue, 03/14/2023 - 06:36
The 79-year-old investor said he "modestly increased" his position in the financial name, seeing Monday's pullback as a buying opportunity.

Stocks making the biggest moves premarket: First Republic, Western Alliance, Uber, Lyft and more

Tue, 03/14/2023 - 05:13
First Republic led a rebound in regional bank stocks. Uber and Lyft got a boost from a court ruling.

First Republic shares jump 20% as regional banks try to rebound from Monday’s sell-off

Tue, 03/14/2023 - 04:19
The stock traded 20% higher in the premarket and was one of the best-performing names in the SPDR S&P Regional Banking ETF (KRE) — which was up 5%.

Credit Suisse shares sink further 5% as 'material weaknesses' found in financial reporting

Tue, 03/14/2023 - 02:39
Credit Suisse said its net asset outflows had "not yet reversed," and that "material weaknesses" were identified in its financial reporting processes.

As global stocks fall, Asia-Pacific's benchmark index erases all of its gains for 2023

Tue, 03/14/2023 - 00:40
Asia-Pacific's leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday.

SVB fallout unlikely to affect fundraising for Southeast Asia startups, venture capitalists say

Mon, 03/13/2023 - 23:56
Industry experts are optimistic that fundraising for Southeast Asian tech startups will keep flowing and won't be impacted by the collapse of SVB.

Regional bank stock plunge creating key entry point for investors, top analyst says

Mon, 03/13/2023 - 17:57
"We have definitely slipped on a banana peel as it pertains to this deposit worry and scare," bank Christopher Marinac told CNBC's "Fast Money" on Monday.