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Financial News Around the World

Category: Finance News

Oakmark’s Bill Nygren sees an opportunity in bank stocks amid sector turmoil

The portfolio manager said “the consistent message we hear is that customers are behaving as they normally would. It’s business as usual.”

Published 14 March 2023
Categorised as Finance News

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

See which stocks are posting big moves after the bell.

Published 14 March 2023
Categorised as Finance News

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

Altogether, Silicon Valley Bank executives and directors cashed out of $84 million worth of stock over the past two years, according to Smart Insider.

Published 14 March 2023
Categorised as Finance News

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

Famed activist and raider Carl Icahn believes the U.S. economy is in trouble because of poor corporate leadership and stubbornly high inflation.

Published 14 March 2023
Categorised as Finance News

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

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.

Published 14 March 2023
Categorised as Finance News

This individual retirement account option ‘surprises people the most,’ says advisor

A spousal individual retirement account allows you to contribute based on your spouse’s earnings if you file taxes jointly. Here’s what couples need to know.

Published 14 March 2023
Categorised as Finance News

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

Morgan Stanley’s move is one of the first announcements by a financial incumbent after the viral success of OpenAI’s ChatGPT.

Published 14 March 2023
Categorised as Finance News

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

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.

Published 14 March 2023
Categorised as Finance News

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

Regional bank stocks rebounded sharply on Tuesday after being hit hard on Friday and Monday.

Published 14 March 2023
Categorised as Finance News

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

The probes are looking into the stock sales that SVB executives’ conducted ahead of the tech-focused bank’s collapse.

Published 14 March 2023
Categorised as Finance News

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