Credit Suisse said its net asset outflows had “not yet reversed,” and that “material weaknesses” were identified in its financial reporting processes.
Category: Finance News
As global stocks fall, Asia-Pacific’s benchmark index erases all of its gains for 2023
Asia-Pacific’s leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday.
SVB fallout unlikely to affect fundraising for Southeast Asia startups, venture capitalists say
Industry experts are optimistic that fundraising for Southeast Asian tech startups will keep flowing and won’t be impacted by the collapse of SVB.
Regional bank stock plunge creating key entry point for investors, top analyst says
“We have definitely slipped on a banana peel as it pertains to this deposit worry and scare,” bank Christopher Marinac told CNBC’s “Fast Money” on Monday.
‘Stress like 1987’: Evercore’s Julian Emanuel warns Silicon Valley Bank fallout could force new market low
The 2-year Treasury yield to doing something that hasn’t happened since 1987 due to the Silicon Valley Bank meltdown, according to Evercore ISI.
Stocks making the biggest moves after hours: Gitlab, United Airlines, First Republic Bank and more
These are the stocks posting the largest moves in extended trading.
Regulators may still try to find a buyer for Silicon Valley Bank, source says
There’s still an opportunity to sell Silicon Valley Bank according to the official, saying that’s not off the table.
Here’s how ‘duration risk’ came back to bite Silicon Valley Bank and led to its rapid collapse
We usually don’t get into the weeds about bond market moves, but they’re important to understanding the second-biggest bank collapse in U.S. history.
Jeffrey Gundlach says Fed will hike funds rate next week to save credibility — but shouldn’t
While Gundlach sees more tightening ahead, he doesn’t think that’s the appropriate response right now as regulators’ rescue programs are inflationary in nature.
Investing in 2023 is ‘definitely going to be rocky,’ advisor says. How to stay the course
Silicon Valley Bank is the latest example of a surprise event that may spook the markets. Investors who hang on will be rewarded, one advisor says.