The deal, which could be signed as early as this evening, values Credit Suisse at around $7 billion less than its market value at Friday’s close.
Bill Gates says Warren Buffett gave the best advice he’s ever received—it’s ‘maybe the most important thing’ he’s learned
The Microsoft co-founder sat down for an interview with U.K. Prime Minister Rishi Sunak last month and the two answered questions generated by an A.I. chatbot.
These elite dividend stocks have raised their payments for over 60 consecutive years
S&P’s Howard Silverblatt shares the companies that have been raising their dividends for more than 60 years.
‘Be mindful of your risk’: Money manager tackles Silicon Valley Bank fallout on ETFs
There’s speculation bank stress could expose problems lurking in ETFs tied to specific sectors.
Fail or sale? What could be next for stricken Credit Suisse
JPMorgan’s Kian Abouhossein described a Credit Suisse takeover by UBS as “the more likely scenario.”
Elizabeth Holmes owes over $25 million to Theranos, lawsuit says
According to a lawsuit obtained by CNBC, former Theranos CEO Elizabeth Holmes has missed payments on three promisorry notes and owes Theranos creditors $25 million.
Yellen says uninsured deposits may be at risk in future bank failures. Here’s how FDIC coverage works
You may have to rely on FDIC insurance if your bank fails. Here’s how to make sure you money is fully covered.
Fed poised to approve quarter-point rate hike next week, despite market turmoil
Chairman Jerome Powell and his fellow central bankers will want to signal that it’s important to continue the fight to bring down inflation.
Stocks making the biggest moves midday: First Republic, FedEx, Nvidia, Bumble & more
First Republic tumbled again, while FedEx rose on stronger-than-expected earnings.
First Republic shares fall more than 20% despite deposit infusion, dragging down other regional banks
The losses come even after 11 other banks pledged to deposit $30 billion in First Republic as a vote of confidence in the company.