Regulators may still try to find a buyer for Silicon Valley Bank, source says

Customers wait in line outside of a Silicon Valley Bank branch in Wellesley, Massachusetts, US, on Monday, March 13, 2023.  Sophie Park | Bloomberg | Getty Images Regulators could make a second attemp...

Gundlach says Fed will hike rate next week to save face, but shouldn’t

Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach believes that the Federal Reserve will still pull the tr...

Charles Schwab shares drop 8%, but rally off lows as firm defends financial position

Pedestrians pass in front of a Charles Schwab bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Charles Schwab shares cut steep losses on Monday as the financial ...

Third-biggest bank failure in U.S. history

The Signature Bank headquarters at 565 Fifth Avenue in New York, US, on Sunday, March 12, 2023. Lokman Vural Elibol | Anadolu Agency | Getty Images On Friday, Signature Bank customers spooked by the s...

Investors rush into bonds, gold in flight to safety after SVB rescue

A trader works on the floor during morning trading at the New York Stock Exchange (NYSE) on March 10, 2023 in New York City.  Spencer Platt | Getty Images Investors flocked to safe-haven assets such a...

PNC decides not to bid on Silicon Valley Bank as regulators struggle to find rescue buyers, source says

A PNC Bank branch in New York, on Wednesday, Jan. 18, 2023. Bing Guan | Bloomberg | Getty Images PNC Financial Group has decided against bidding on Silicon Valley Bank as regulators struggled to find ...

Silicon Valley Bank employees received bonuses hours before takeover

Police officers leave Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images Silicon Valley Bank employees received their annual bonuses Frida...

Silicon Valley Bank collapse: How it happened

A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images On Wednesday, Silicon V...

Fintech Brex got billions of dollars in Silicon Valley Bank deposits Thursday

Fintech startup Brex received billions of dollars in deposits from Silicon Valley Bank customers on Thursday, CNBC has learned. The company, itself a high-flying startup, has benefited after venture c...

JPMorgan Chase sues former senior banker with ties to Jeffrey Epstein

Jes Staley, CEO of Barclays Justin Solomon | CNBC JPMorgan Chase sued its former investment banking chief Jes Staley over his ties to disgraced former financier Jeffrey Epstein, alleging that Staley i...

Warren Buffett’s Berkshire Hathaway buys more Occidental Petroleum shares

Warren Buffett Gerard Miller | CNBC Warren Buffett’s Berkshire Hathaway added to its already large Occidental Petroleum stake over the past trading sessions, a regulatory filing revealed Tuesday...

Griffin’s Citadel hedge fund is up again in 2023 after a record year

Ken Griffin, the founder and CEO of Citadel, in 2014. E. Jason Wambsgans | Tribune News Service | Getty Images Billionaire investor Ken Griffin’s flagship hedge fund matched the broader market&#...

David Einhorn says investors should be ‘bearish on stocks and bullish on inflation’

Greenlight Capital’s David Einhorn said Wednesday he’s keeping his negative stance on the stock market as inflation and interest rates could shoot higher. “I think we should be beari...

Goldman CEO David Solomon says asset management is the new growth engine

Goldman Sachs CEO David Solomon said Tuesday that asset management and wealth management would be the growth engine for the bank after his efforts in consumer finance went awry. “The real story ...

Why Goldman’s Marcus project failed and what it means for CEO Solomon

David Solomon, chief executive officer of Goldman Sachs Group Inc., during an event on the sidelines on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 19, 2023. S...

Warren Buffett annual letter Berkshire Hathaway: stock buybacks

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S...

Read Warren Buffett’s annual letter to Berkshire Hathaway shareholders

Warren Buffett at a press conference during the Berkshire Hathaway Shareholders Meeting on April 30, 2022. CNBC Warren Buffett published his highly anticipated annual letter to Berkshire Hathaway shar...

Buffett’s must-read annual letter lands Saturday. What to expect

Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Warren Buffett’s loyal following of value investors is about to hear from the legend himself, at a crucial time when intere...

Black families’ net worth has grown since Covid, but wealth gap remains wide

Black families saw their wealth grow more than that of non-Black households during the pandemic, but the racial wealth gap is still vast, a new study showed. The average net worth among Black househol...

Wells Fargo lays off mortgage bankers days after rewarding some with California retreat

Palm Spring Deserts, California Lonely Planet Wells Fargo laid off hundreds of mortgage bankers this week as part of a sweeping round of cuts triggered by the bank’s recent strategic shift, CNBC...

Wells Fargo boosts digital connection with rich clients

Pedestrians pass a Wells Fargo bank branch in New York, U.S., on Thursday, Jan. 13, 2022. Victor J. Blue | Bloomberg | Getty Images Wells Fargo is unveiling a new platform to boost digital engagement ...

Charlie Munger says BYD is far ahead of Tesla in China

Charlie Munger said Wednesday that Tesla pales in comparison to BYD in China, calling the Chinese electric vehicle maker his favorite stock ever. “I have never helped do anything at Berkshire [H...

Goldman Sachs scraps idea for direct-to-consumer credit card

David Solomon, Goldman Sachs, at Marcus event Goldman Sachs has dropped plans to develop a Goldman-branded credit card for retail customers, another casualty of the firm’s strategic pivot, CNBC ...

Goldman Sachs CEO David Solomon on soft landing odds for U.S. economy

David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023.  Adam Galica | CNBC Goldman Sachs CEO David Solomon said Tuesday that th...

Ukraine plots post-war rebuilding effort with JPMorgan Chase as economic advisor

A closer shot of Ukraine President Volodymyr Zelenskyy and the Ministry of Economy (MoE) meeting with senior members of J.P. Morgan. Coutesy: JP Morgan Summit Ukraine’s government signed an agre...

Wall Street’s frozen market is thawing after stock rally

Traders work on the floor of the New York Stock Exchange on Wall Street in New York City. Angela Weiss | Afp | Getty Images Wall Street just pulled off its biggest IPO in four months, giving bankers h...

Solar tech company Nextracker expected to price at upper end of range in good sign for IPO market

choja | E+ | Getty Images The solar technology company Nextracker is expected to price its initial public offering at the high end of its stated $20 to $23 per share range, people with knowledge of th...

Here’s where the jobs are for January 2023 — in one chart

The U.S. economy added far more jobs than expected in January, boosted by a jump in leisure and hospitality employment. That one service sector saw an increase of 128,000 jobs in the month, led by 99,...

Charlie Munger: U.S. should ban cryptocurrencies

Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022. CNBC Berkshire Hathaway Vice Chairman Charlie Munger urged the U.S. government to ban cryptocurrencies like China, saying a l...

Bond king Jeffrey Gundlach says he expects one more Fed rate hike

DoubleLine Capital CEO Jeffrey Gundlach said he sees one additional rate hike from the Federal Reserve before the central bank ends its tightening cycle. “I think one more,” Gundlach said ...

Goldman Sachs CEO David Solomon gets 29% pay cut to $25 million

David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023.  Adam Galica | CNBC Goldman Sachs CEO David Solomon will get a $25 milli...

Jeff Ubben’s Inclusive Capital takes stake in Salesforce as more activists target the software giant

Signage on a Saleforce office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Jeff Ubben’s Inclusive Capital has taken a posi...