“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...

Where Were the Regulators as SVB Crashed?

Silicon Valley Bank’s failure boils down to a simple misstep: It grew too fast using borrowed short-term money from depositors who could ask to be repaid at any time, and invested it in long-term asse...

American Express and 4 More Companies That Raised Their Stock Dividends

American Express Oracle and Johnson Controls were among the large U.S. companies that declared dividend increases this week. It was a fairly light week for such announcements, with earnings season hav...

Silicon Valley Bank’s Failure May Lead to Smaller Fed Rate Hike

The second-largest bank failure in U.S. history might help the Federal Reserve do its job of tightening credit and slowing the economy. To be sure, the sudden collapse of the Silicon Valley Bank unit ...

As Silicon Valley Bank collapses, these are the banks contrarians are buying

If the time to buy is when the blood is running in the streets—as the Baron Rothschild famously once said—then you should be buying bank stocks. That’s because Wall Street is running red with the bank...

SoFi CEO Noto makes ‘opportunistic’ million-dollar stock purchase as SVB crisis fuels selloff

As SoFi Technologies Inc. shares fell Friday amid the fallout over Silicon Valley Bank’s collapse, the financial-technology company’s chief executive bought up stock. SoFi Chief Executive Anthony Noto...

SVB Financial CEO Greg Becker Sold $3.6 Million in Stock Nearly Two Weeks Ago

Roughly two weeks before SVB Financial Group stock collapsed and its Silicon Valley Bank unit was closed by regulators, its top executive sold millions of dollars of shares. SVB (ticker: SVB) Presiden...

Silicon Valley Bank collapse: What should you do if your bank closes down?

Silicon Valley Bank, which helps fund technology startups backed by venture-capital firms, has closed its doors. The California Department of Financial Protection and Innovation made the decision to c...

20 banks that are sitting on huge potential securities losses—as was SVB

Silicon Valley Bank has failed following a run on deposits, after its parent company’s share price crashed a record 60% on Thursday. Trading of SVB Financial Group’s SIVB, -60.41% stock was halted ear...

SVB Financial stock slides 66% premarket as fears of a potential run on the bank continue

SVB Financial Group SIVB, -60.41%, the parent of Silicon Valley Bank, saw its stock tumble more than 66% in premarket trade Friday, in a continued response to reports late Thursday that several funds ...

‘I don’t see another bank stepping in to help.’ Bill Ackman suggests government intervention to save Silicon Valley Bank parent.

“The failure of Silicon Valley Bank could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and holding their operating cash. If private capital can’t p...

I’ll be 60, have $95,000 in cash and no debts — I think I can retire, but financial seminars ‘say otherwise’

I will be 60 in September, have $95,000 in cash, work part time ($30,000 yearly) for insurance and contribute 10% plus the employer match of 8% to a small 401(k). My home and car are paid for, I don’t...

Banking Selloff Goes Global After SVB Trouble. HSBC, BNP Paribas, UBS Tumble.

The selloff in the banking sector spread across the globe on Friday after SVB Financial Group said it was forced to unload assets at a loss following a decline in deposits. HSBC (ticker: HSBA.UK), Eur...

SVB Financial stock tumbles on reports of funds advising clients to pull money from bank

SVB Financial Group SIVB, -60.41% fell more than 22% in the extended session Thursday as reports surfaced that several funds are advising clients to pull their money from Silicon Valley Bank. Bloomber...

SVB Financial Realigns Portfolio—and Blows Up the Banking Sector

SVB Financial Group stock plummeted Thursday after it sold assets for a loss following a decline in deposits. The impact rippled through the banking sector, which many investors had assumed was largel...

Dow logs new 2023 low as bank sector tumbles, investors await monthly employment report

U.S. stocks finished sharply lower on Thursday, with the financial sector logging a sharp one-day drop, while investors awaited Friday’s February employment data that could help decide how large an in...

JPMorgan, Wells Fargo Stocks Tumble as SVB Woes Spark Contagion Fears

Small things can lead to big reactions, and that seems to be the case with bank stocks on Thursday, as a huge loss at SVB Financial (ticker: SIVB) has caused stocks like JPMorgan Chase (JPM), Bank of ...

Biden’s budget wants tax hikes, but expiring Trump tax cuts are the big showdown

For five years, most Americans have seen lower income-tax rates and tapped a bigger standard deduction, but without congressional action before the end of 2025, the rules could still revert to levels ...

10 banks that may face trouble in the wake of the SVB Financial Group debacle

As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always...

Biden targets crypto, real estate and oil industries, as he unveils his budget

President Joe Biden on Thursday called for ending tax subsidies for cryptocurrency investors, the real estate industry and the oil and gas sector, as he formally rolled out his proposed budget for the...

Morgan Stanley, Charles Schwab, and the Recruiting Move That Went Off the Rails

Morgan Stanley lost a multimillion dollar arbitration case last week involving several parties and which centered on a recruiting move that went off the rails nearly four years ago.  To understand how...

This fund has increased its dividend for 56 straight years. Now it’s snapping up GE.

Markets are nearing the end of a tough week, with one more hurdle to go after Fed Chairman Jerome Powell set investors straight on his willingness to go to the mat on inflation. Next up is Friday’s no...

SVB Financial stock plummets toward biggest one-day selloff in 23 years after stock offering, large losses on securities sales

Shares of SVB Financial Group SIVB, +0.16% plummeted 30.6% to pace all of the S&P 500’s SPX, +0.14% premarket losers on Thursday, which puts them on track for the worst one-day performance in 23 y...

Signature Bank stock drops sharply after Silvergate announces winddown

Signature Bank SBNY, -1.47% stock is down 11% in premarket trades as carnage from the announced wind-down of digital currency financial services company Silvergate Capital Corp. SI, -5.76% impacted th...

Asana, MongoDB, Silvergate, JD.com, GE, and More Stock Market Movers

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Credit Suisse Stock Is Falling. Annual Report Is Delayed After Call From SEC.

Credit Suisse shares were falling on Thursday after the Swiss lender said it is delaying the publication of its annual report. The stock was down 5.3% in Zurich trading. Credit Suisse (ticker: CS) Ame...

Credit Suisse to delay publication of 2022 annual report on SEC comments

Credit Suisse Group AG said Thursday that it will delay the publication of its 2022 report after a late call from U.S. market regulators over 2019 and 2020 cash-flow statements, adding a further heada...

This stock strategy is attracting lots of money. Here are its top 10 picks.

Following a year in which a rapid rise in interest rates caused stock and bond prices to tumble, investors are focusing on quality. One way to do this is to look at free cash flow — and doing so might...

‘I’m not at rock bottom yet’: I have a serious gambling addiction. I’ve maxed out my credit cards and racked up $100K in debt. Can you help?

I’ve gotten to a point where I need serious help for my gambling addiction, though I’m not at rock bottom yet. I am a journeyman-level employee with about 20 years’ experience at my current job. I am ...

Fed says interest rates poised to go ‘higher than previously anticipated.’ Here’s a simple way to profit from that

Fed Chair Jerome Powell testified before the Senate Banking, Housing and Urban Affairs Committee on Tuesday. mandel ngan/Agence France-Presse/Getty Images As part of the continued effort to reduce inf...