Credit Suisse shares soar over 20% on Swiss National Bank loan announcement
Credit Suisse shares rose over 30% at the market open after the bank said that it will borrow up to $54 billion from the Swiss National Bank.
Financial News
Credit Suisse shares slide 24% after Saudi backer rules out further assistance
Shares of embattled bank Credit Suisse hit another all-time low for a second consecutive day as the bank’s biggest backer says it can’t provide more financial help.
First Republic shares jump 20% as regional banks try to rebound from Monday’s sell-off
The stock traded 20% higher in the premarket and was one of the best-performing names in the SPDR S&P Regional Banking ETF (KRE) — which was up 5%.
First Republic drops 70%, leads decline in bank stocks despite government’s backstop of SVB
First Republic Bank led a decline in bank shares Monday that came even after regulators extraordinary actions Sunday evening.
Investors implore the government to step in after Silicon Valley Bank failure
Voices from tech and finance are increasingly calling for the federal government to push another bank to take over the failed Silicon Valley Bank.
Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours
As dust begins to settle on the biggest American bank failure since 2008, members of the VC community lament the role other investors played in SVB’s demise.
European banking stocks sink as Silicon Valley Bank jitters spread
European banking stocks sold off sharply in early trade Friday as a global contagion effect took hold after shares in U.S. bank SVB Financial plunged 60%.
The U.S. imposed semiconductor export controls on China. Now a key EU nation is set to follow suit
The Netherlands — home to critical chip firm ASML — is embroiled in political tensions between the U.S. and China over semiconductor technology.
No exit ramp for Fed’s Powell until he creates a recession, economist says
The U.S. Federal Reserve is likely to hike interest rates to at least 6.5% if the economy does not enter a mid-year recession, according to TS Lombard Chief U.S. Economist …
How China’s shifting growth picture could hit global markets
China’s economy will be forced to recalibrate because of a “fractured” global order, and the new drivers of growth will “disappoint” global markets, according to David Roche.