First Republic fell sharply once again, while UBS popped after acquiring rival Credit Suisse.
Category: Finance News
Stocks making the biggest moves premarket: First Republic, UBS, Enphase Energy
Shares of regional banks ex-First Republic were mostly higher early Monday.
UBS rescue of Credit Suisse doesn’t resolve the U.S. banking crisis
The question of whether the government should (or Congress has the will) to insure every deposit in the U.S. is still in the air.
First Republic shares are sliding again Monday after a credit rating downgrade
S&P cut its credit rating to B+ from BB+ on Sunday after first lowering it to junk status just last week.
Bitcoin market gains $26 billion after hitting 9-month high as banking crisis sparks rally
Bitcoin jumped on Monday as some investors turned to digital currencies amid a crisis in the traditional banking sector.
UBS shares slide 10%, Credit Suisse craters 60% after takeover deal
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.
Saudi National Bank loses over $1 billion on Credit Suisse investment
Credit Suisse’s largest shareholder confirmed to CNBC that it had suffered a loss of around 80% on its investment.
Asia’s regulators say banking system is robust and stable after UBS-Credit Suisse takeover deal
From Hong Kong to Australia and Singapore, authorities urged that their domestic banking systems were stable.
UBS agrees to buy Credit Suisse as regulators look to shore up the global banking system
Credit Suisse had already been battling a string of losses and scandals, and the last two weeks sentiment was rocked again.
SVB collapse is double-whammy for tech startups already navigating brutal market
Startup founders across the U.S. were already cutting costs and preserving cash before Silicon Valley Bank’s failure this month complicated their situation.