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.
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.
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.
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.
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.
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.