Check out the companies making headlines in midday trading Tuesday.
Category: Finance News
Silicon Valley Bank collapse was ‘Lehman moment for technology,’ top Goldman Sachs deal-maker says
The collapse of Silicon Valley Bank was “a little bit like the Lehman moment for technology,” a top Goldman Sachs deal-maker told CNBC.
Credit Suisse bondholders prepare lawsuit after contentious $17 billion writedown
A number of Credit Suisse bondholders said they are considering legal action after the $17 billion wipeout of the embattled bank’s AT1 bonds.
Watch Treasury Secretary Janet Yellen speak live to banking conference
Yellen said authorities are prepared to extend unlimited deposit insurance to other banks if necessary.
Investor pessimism is reaching extremes, and that may be good for markets
Extreme sentiment has historically been associated with market bottoms. Right now opinions are pretty negative.
Stocks making the biggest premarket moves: Tesla, First Republic, UBS, Foot Locker and more
These are the stocks posting the largest moves in the premarket on Tuesday.
First Republic jumps 15%, leads comeback rally in regional banks Tuesday
Investors hoped for some sort of strategic action by the troubled bank or another big regulatory move to stem the downward spiral in the sector.
‘A financial banana republic’: UBS-Credit Suisse deal puts Switzerland’s reputation on the line
The demise of banking giant Credit Suisse sent shockwaves through financial markets and appears to have dealt a blow to Switzerland’s reputation for stability.
JPMorgan vs. Bank of America? Analysts say one of the stocks is set to soar 50%
For those considering big bank stocks, CNBC Pro takes a look at analyst views — and potential upside — for JPMorgan Chase and Bank of America.
To escape the rat race, this pair cycled 15,000 km along the route from Finland to Singapore
Valtteri Heinila and Alvari Poikola cycled for eight months through 21 countries. Heinila spoke to CNBC Travel about the joys and dangers of the trip.