Credit Suisse publishes delayed 2022 report after SEC talks end

Credit Suisse Group AG on Tuesday published its annual report for last year, and confirmed previous years’ financial results, after a delay amid discussions requested by the U.S. Securities and Exchan...

PacWest Bancorp insiders have lost more than $500,000 after buying stock as it tumbled last week

A handful PacWest Bancorp insiders, including Chief Executive Paul Taylor, bought the bank’s stock late last week after it started to tumble, as SVB Financial Group’s Silicon Valley Bank’s troubles be...

Regional banks are seeing flight of deposits to too-big-to-fail megabanks

The unexpected demise of Signature Bank over the weekend, on the heels of the failure of Silicon Valley Bank, ignited a shoot-first-and-ask-questions-later reaction among regional-bank investors as cu...

Stocks of multiple banks get halted for volatility, more than once, to start the trading day

To gauge the panic-like activity of bank investors in the wake of the recent failures of SVB Financial Group’s SIVB, Silicon Valley Bank and Signature Bank SBNY, -22.87%, investors can check out the N...

Qualtrics stock gains after company agrees to $12.5 billion take-private deal

Qualtrics International Inc. shares XM, +6.13% were rising more than 6% in premarket trading Monday after the software company said it has agreed to be taken private by Silver Lake, in partnership wit...

Oil and gas stocks suffer broad selloff as crude prices drop in wake of SVB collapse

The energy sector was suffering a broad selloff Monday, as worries that the recent bank failures will trigger an economic slowdown which saps demand for crude oil. The Energy Select Sector SPDR exchan...

WSJ: Carl Icahn says Grail deal cost Illumina shareholders $50 billion

Shares of Illumina Inc. ILMN, +14.70% were up about 8% in premarket trading on Monday after the Wall Street Journal reported Sunday that Carl Icahn is planning a proxy fight. The billionaire activist ...

Charles Schwab moves to reassure investors it has plenty of liquidity and business is performing ‘exceptionally well’

Charles Schwab Corp. SCHW, -19.08% moved Monday to reassure investors that it has plenty of liquidity and does not need to sell any of its held-to-maturity securities over unrealized losses. Chief Fin...

Western Alliance Bancorp stock set to suffer record selloff of over 60% to 10-year low in wake of SVB collapse

Shares of Western Alliance Bancorp WAL, -74.87% took a 62.4% plunge toward a 10-year low in premarket trading Monday, adding to last week’s tumble in the wake of the collapse of SVB Financial Group’s ...

KBW recommends buying these 11 financial stocks, including First Republic, following federal backstop for banks

On a Monday following high-profile bank failures on Friday and Sunday, it may seem to be a strange time to recommend buying stocks of banks and other financial services companies, but Keefe, Bruyette ...

First Republic Bank’s stock slides amid continuing jitters about regional banks

First Republic Bank stock losses grew steeper in premarket trades as fears persisted of another run on the bank after the failure of SVB Financial and Silvergate last week. First Republic Bank stock F...

Pfizer to purchase Seagen in $43 billion all-cash deal, cancer biotech’s stock pops 20%

Pfizer Inc. PFE, -0.18% plans to acquire cancer biotechnology company Seagen Inc. SGEN, -0.59% in a deal with a $43 billion enterprise value, the companies announced Monday morning. Pfizer intends to ...

Hercules Capital said it has ‘ample liquidity’ to support requirements, but stock keeps falling

Hercules Capital Inc. HTGC, -11.14% looked to reassure investors on Monday by saying it was working with bondholders, stakeholders and stockholders to “navigate challenges” created by the decision by ...

Football star Terrell Owens said these are some of ‘the most idiotic’ purchases we can make. Pros say avoiding those kinds of expense traps could save you big bucks

During his NFL career, Terrell Owens says he “got sucked into wanting to be like everybody else, the guys with the Mercedes and all the flashy cars and jewelry.” Getty Images for PBABowleroCorp Former...

I plan to retire at 62. I get $1,500 a month in rental income and have $200,000 in savings. Should I get a financial adviser to help me?

I’m not sure what to do with my savings. How might a financial adviser help me? Getty Images/iStockphoto Question: I am planning to retire at 62. I have $200,000 in savings, and I have a paid off rent...

First Republic Bank shares slump 60% in premarket trade

First Republic Bank FRC, -14.84% shares fell 60% after the weekend collapse of Signature Bank and Friday’s closure of SVB Financial, even as federal regulators stepped into guarantee those deposits an...

Credit Suisse shares fall to new record low after collapse of SVB and Signature Bank

Credit Suisse shares on Monday reached a new record low, falling as much as 9% as investors continued to hammer away at the stock of the Swiss banking giant after the collapse of banks in the U.S. Whi...

European stocks slip in early trade after U.S. bank bailout package

European stocks declined in early action on Monday, while U.S. stock futures were pointing higher after a turbulent weekend which saw another major bank collapse and a new rescue package get announced...

Sanofi to buy Provention Bio in deal worth $2.9 billion

French pharmaceutical group Sanofi said Monday that it will buy Provention Bio, Inc., a U.S.-based biopharmaceutical company focused on autoimmune diseases, for $25 per share in cash, in a deal with a...

First Republic Bank gets funding boost from Fed, JPMorgan

First Republic Bank FRC, -14.84% said Sunday it had bolstered its financial position through “additional liquidity” from the Federal Reserve and JPMorgan Chase & Co. JPM, +2.54%. In a statement, t...

Did the Fed plant the seeds of destruction of Silicon Valley Bank?

Were the seeds of Silicon Valley Bank’s collapse planted by the Federal Reserve’s rapid rate increases? That is one of the debates ranging online over the weekend. Michael Green, chief strategist and ...

Treasury, Fed and FDIC joint statement on SVB and Signature Bank: full text

U.S. financial regulators on Sunday said Silicon Valley Bank SIVB, -60.41% depositors would have access to “all their money” starting Monday and that no losses associated with the bank’s resolution wo...

Crypto-friendly Signature Bank shut down by regulators, after collapses of Silicon Valley Bank, Silvergate

State authorities closed Signature Bank SBNY, -22.87% Sunday, after Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure since the 2008 financial crisis, according to ...

SVB collapse means more stock-market volatility: What investors need to know

It’s all eyes on federal banking regulators as investors sift through the aftermath of last week’s market-rattling collapse of Silicon Valley Bank. The name of the game — and the key to a near-term ma...

What’s next for stocks after SVB collapse and as crucial inflation reading looms

Investors are preparing for the release of a U.S. consumer-price index that may show no meaningful letup in inflation, leaving few safe places to hide just as systemic risks may be growing. Coming jus...

Silicon Valley Bank CEO Greg Becker cashed out $2 million just before the collapse

The chief executive of Silicon Valley Bank SIVB, -60.41% cashed out stock and options for a $2.27 million net gain in the weeks before Friday’s collapse, public filings show. CEO Greg Becker exercised...

Hedge funds and banks offer to buy deposits trapped at Silicon Valley Bank

Hedge funds are offering to buy startup deposits at Silicon Valley Bank (SVB) for as little as 60 cents on the dollar, Semafor reported on Saturday, citing people familiar with the matter. Bids range ...

What happened to Silvergate Capital? And why does it matter?

Silvergate Capital SI, -11.27% served as one of the main banks for the crypto industry, prior to its collapse earlier this week. The news came just a week after the firm delayed its annual report to t...

Stablecoin USDC falls below $1, faces $3.3 billion exposure to Silicon Valley Bank

USDC, a stablecoin that is supposed to trade one-to-one against U.S. dollars, has fallen below $1 on Saturday, after creator Circle said it had over $3.3 billion held at Silicon Valley Bank, which col...

“The government has about 48 hours to fix a-soon-to-be-irreversible mistake”: Bill Ackman warns some businesses may not be able to meet payroll after SVB’s failure

“The government has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowingSVB Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is ...

Silicon Valley Bank staff offered 45 days of work at 1.5 times salary by FDIC

Staff of Silicon Valley Bank were offered 45 days of employment at 1.5 times their salary by the Federal Deposit Insurance Corp, the regulator that took control of the collapsed lender on Friday, Reut...

Silicon Valley Bank failed for one simple reason: its key startup clients lost faith.

Silicon Valley Bank SIVB, -60.41%, a 40-year-old bank at the heart of the valley’s ecosystem, was forced to shutter Friday after its core depositors — many of them startup companies — took out $42 bil...