On Friday, SVB was taken over by regulators after massive withdrawals a day earlier effectively created a bank run.
Moody’s Analytics’ Mark Zandi says Fed unlikely to hike rates in March given banking turmoil
The Federal Reserve will likely not raise interest rates at its March meeting as there is still a “boatload of uncertainty” said Mark Zandi of Moody’s Analytics.
Moody’s retains ‘negative’ outlook on China’s banks amid challenges of emerging from Covid-zero
Ratings agency Moody’s said Wednesday it maintained a “negative” outlook on China’s banking sector due to a drawn out recovery from Covid controls.
Chinese tourists are traveling again — but not the way they used to
In China, as elsewhere, the pandemic has sparked a shift in tourist behaviors, namely a preference for outdoor destinations and domestic travel.
SVB’s failure will have a ripple effect across technology ‘for years to come’
Silicon Valley Bank’s collapse is likely to be felt across the technology landscape globally over the coming years.
‘Big Short’ trader Danny Moses warns Silicon Valley Bank collapse will expose more trouble
Investor Danny Moses believes the Silicon Valley Bank collapse is exacerbating the economic slowdown despite the government’s actions to mitigate the impact.
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.”
Stocks making the biggest moves after hours: Lennar, First Republic, Western Alliance and more
See which stocks are posting big moves after the bell.
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.
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.