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.
Why our brains are hard-wired for bank runs like those that toppled SVB, Signature
The bank run that led SVB to fail was a rational flight to safety, behavioral finance experts said. It shows how human psychology can inject financial risk.
The last chance for some retirees to avoid a 25% tax penalty is April 1
If you turned 72 in 2022, the last chance for your first required minimum distribution is April 1 or you may face a 25% tax penalty.
Stocks making the biggest moves premarket: Nvidia, First Republic, FedEx and more
These are the stocks posting the largest moves before the bell.
Tech stocks are pulling the market higher, but it’s all up to the Fed now
The S&P 500 is up 2.6%. You can largely thank the performance of tech stocks, where the bulls have once again seized the reins.