[#item_full_content]These are the stocks posting the largest moves midday.
Category: Finance
Financial Health, Fintech, Investment, Payments
Why regulators seized Signature Bank in third-biggest bank failure in U.S. history
[#item_full_content]The swift move shocked executives of Signature Bank, said board member and former congressman Barney Frank.
Why regulators seized Signature Bank in third-biggest bank failure in U.S. history
[#item_full_content]The swift move shocked executives of Signature Bank, said board member and former congressman Barney Frank.
Charles Schwab shares drop 8%, but rally off lows as firm defends financial position
[#item_full_content]Schwab defended its financial position, reiterating that it has plenty of access to liquidity and a…
Investors rush into bonds, gold in flight to safety after SVB rescue
[#item_full_content]Investors flocked to safe-haven assets amid an emergency plan to backstop the banking system and limit…
PNC decides not to bid on Silicon Valley Bank as regulators struggle to find rescue buyers, source says
[#item_full_content]PNC Financial decided against bidding on Silicon Valley Bank before regulators announced a plan to backstop uninsured…
Bitcoin jumps as much as 10% with crypto market topping $1 trillion as U.S. creates backstop for SVB depositors
[#item_full_content]Cryptocurrencies rallied on Monday as the U.S. government moved to protect depositors of the collapsed Silicon…
Silicon Valley’s ‘greed and avarice’ have ‘finally come home to roost’ in SVB collapse, trader says
[#item_full_content]”Banking should be boring, a lot like watching paint dry — and any time it’s not,…
‘A huge relief’: Startups react to Silicon Valley Bank UK’s HSBC rescue deal
[#item_full_content]”We can look our teams in the eye … and say, not only will we be…
Stocks making the biggest moves premarket: Illumina, First Republic, Seagen and more
[#item_full_content]Bank lenders saw major losses in early morning trading, stinging from the closure of Silicon Valley…
Silicon Valley’s ‘greed and avarice’ have ‘finally come home to roost’ in SVB collapse, trader says
[#item_full_content]”Banking should be boring, a lot like watching paint dry — and any time it’s not,…
Stablecoin USDC nearly regains $1 peg after Circle says $3.3 billion held with SVB will be available
[#item_full_content]Circle, which issues USD Coin (USDC), said that the $3.3 billion it held with the now-collapsed…
Silicon Valley Bank collapse hits startups as far away as China
[#item_full_content]The Silicon Valley Bank fallout has ripple effects on Chinese startups.
Bill Ackman says U.S. did the ‘right thing’ in protecting SVB depositors. Not everyone agrees
[#item_full_content]Billionaire investor and Pershing Square CEO Bill Ackman said the U.S. government’s intervention to protect depositors after…
Bitcoin jumps 10% with crypto market topping $1 trillion as U.S. creates backstop for SVB depositors
[#item_full_content]Cryptocurrencies rallied on Monday as the U.S. government moved to protect depositors of the collapsed Silicon…
In his first address, China’s new premier says ‘high quality’ growth is a priority
[#item_full_content]China’s new premier Li Qiang said China’s focus was shifting to what it calls high-quality development,…
UK’s taxes are at a 70-year high. But its finance minister won’t splash the cash at upcoming Budget
[#item_full_content]British Finance Minister Jeremy Hunt will deliver the government’s Budget commitments on Wednesday against a better-than-expected…
Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans
[#item_full_content]The funds to reimburse depositors will be paid out of the Deposit Insurance Fund, which is…
Goldman Sachs no longer expects the Fed to hike rates in March, cites stress on banking system
[#item_full_content]Goldman Sachs no longer sees a case for the Federal Reserve to deliver a rate hike…
U.S. government steps in and says people with funds deposited at SVB will be able to access their money
[#item_full_content]Banking regulators devised a plan Sunday to shore up deposits at Silicon Valley Bank, a critical…