Energy & Utilities Roundup: Market Talk

wsj.com The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0757 GMT – The FTSE 100 rises 0.5% to…

Financial Services Roundup: Market Talk

wsj.com The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0757 GMT – The FTSE 100 rises 0.5% to 7510 points…

Silicon Valley Bank’s Risks Went Deep. Congress Wants to Know Why

nytimes.com The Senate Banking and House Financial Services Committees will hold hearings Tuesday and Wednesday on the collapse of Silicon Valley Bank. Lapses at the bank will be a…

What to expect from the Senate hearings on recent bank failures

cnn.com Silicon Valley Bank’s liquidity crisis and subsequent downfall sent waves of panic through the financial system in early March, setting off a chain reaction of chaos with…

Here's how First Citizens should approach the SVB acquisition, according to experts

fortune.com “SVB had the golden jewel of Silicon Valley tech community as clients, and that is an attractive customer case to go after,” Wedbush Securities analyst Dan Ives, who covers…

How To Beat The Market With Boring Stocks

forbes.com The shares of sleepy companies have recently bested those of exciting ones. This is just the beginning of a big trend, says Cliff Asness, the billionaire cofounder of AQR.…

Fed Vice Chair Calls Silicon Valley Bank a ‘Textbook Case of Mismanagement’

nytimes.com Michael Barr, the Federal Reserve’s vice chair for supervision, acknowledged in his written testimony that bank supervision and regulation might need to change in the wake…

Asian Stocks Advance on Easing Global Banks Crisis Fears

asiafinancial.com Asian stocks edged ahead on Tuesday with investors reassured by an apparent easing in the threat of a banking sector crisis. Global stocks and US bond yields rose after a US…

Silicon Valley Bank's sale to First Citizens has boosted trust in regional banks

fortune.com First Citizens Bank is buying much of Silicon Valley Bank, the tech-focused financial institution whose failure this month set off a chain reaction that helped rattle faith…

Opinion: As Credit Suisse fades, is corporate Canada underbanked?

theglobeandmail.com Between homegrown investment dealers, the Wall Street firms and global players based in London, Zurich, Frankfurt, Hong Kong and Tokyo, a domestic CEO had more banks to…

Asian shares mostly rise on relief over US bank strength

washingtonpost.com TOKYO — Asian shares were mostly higher on Tuesday as investors got some relief from worries over troubled U.S. lenders with a planned takeover of failed Silicon Valley…

The Fed and Bank Failures

promarket.org Viral Acharya and Raghuram Rajan explain how quantitative easing contributed to the problems underlying the recent bank failures such as that of Silicon Valley Bank (SVB).…

Fed official: SVB itself was main cause of bank’s failure

seattletimes.com The nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s failure earlier this month and says the…

Sale of Silicon Valley Bank in U.S. will not include Canadian operations

theglobeandmail.com The fate of Silicon Valley Bank’s Canadian operation is in the hands of its court-appointed liquidator, after the division was left out of First Citizens BancShares Inc.’s…

Bitcoin surge brings new hope to miners after months of slumping profits

ambcrypto.com Increased block space demand on the BTC network has led to a rise in transaction fees. • This has resulted in a jump in total miners’ revenue. The recent surge in the price…

U.S. stocks end mostly higher as banks helped buoy S&P 500 after First Citizens deal

marketwatch.com U.S. stocks closed mostly higher Monday, as bank shares climbed after First Citizens BancShares Inc. FCNCA, agreed to buy failed Silicon Valley Bank’s deposits and loans.…

SVB failure classic ‘mismanagement,’ officials says

bostonherald.com WASHINGTON — The nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s failure earlier this month and…

How do current bank woes compare with troubles of centuries past? The situation is ‘relatively rare,’ researchers say

marketwatch.com Banking-sector jitters are on the minds of depositors, investors and policy makers, but how do the current problems compare with bank troubles through history? Over the past…

First Citizens grows bigger with Silicon Valley Bank deal, but not big enough to move to next regulatory level

marketwatch.com First Citizens BancShares Inc. will become much larger on the national stage with its acquisition of Silicon Valley Bank, but not large enough to trigger more layers of…

Business Highlights: Silicon Valley Bank; Kia, Hyundai

washingtonpost.com Deal to buy Silicon Valley Bank calms bank fears, for now NEW YORK — First Citizens will acquire much of Silicon Valley Bank, the tech-focused financial institution whose…

Dow Climbs 200 Points As SVB Purchase Spurs Bank Rebound

forbes.com A bounce back from badly bleeding bank stocks anchored a mostly positive trading session Monday, with shares of Silicon Valley Bank's new owner First Citizens BancShares…

FDIC spent $20 billion to handle Silicon Valley Bank collapse

thehill.com The collapse of Silicon Valley Bank (SVB) set the Federal Deposit Insurance Corporation (FDIC) back only $20 billion while the failure of Signature Bank cost just $2.5…

Without Big Tech diversity, the world will become a scary place

msnbc.com My friends, I’m away for the day, but I wanted to leave you with some nuggets of information to gnaw on in my absence. In the wake of Silicon Valley Bank’s collapse, I’ve…

First Citizens Bank to buy Silicon Valley Bank deposits and …

aol.com First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, just over two weeks after the…

How Investors Can Navigate Banking Uncertainty As Deutsche Bank, First Citizens Bank And First Republic Bank Stock Seesaws

forbes.com Bank stocks sold off heavily last week, as nervous investors ran for the exits over - well, basically nothing • With no fundamental reasons for the sell off, they’ve…

ClearBank Says Inflows Jumped 20% During SVB Crisis

pymnts.com Silicon Valley Bank’s loss is apparently U.K. embedded banking firm ClearBank’s gain. The company’s CEO said customer flows into its platform rose by 20% during the week SVB…

Markets Climb as Silicon Valley Bank Finally Finds a Buyer

nytimes.com First Citizens agreed on Sunday to acquire the failed lender’s retail operations, a move that will cost taxpayers but is reassuring investors. First Citizens agreed on…

First Citizens strikes deal to acquire troubled Silicon Valley Bank

pbs.org First Citizens will acquire much of Silicon Valley Bank, the tech-focused financial institution that collapsed this month, setting off a chain reaction that caused a second…

Stock market news today: Stocks, bank stocks rise after SVB sale

yahoo.com U.S. stocks rose Monday, while bank stocks also moved upward after North Carolina-based First Citizens (FCNCA) bank agreed to buy most of Silicon Valley Bank. The S&P 500…

S&P 500 Nears 3-Week High As Bank-Fueled Market Anxiety Calms

forbes.com Stocks gained yet again Monday as badly bleeding bank stocks bounced back and major indexes continued to recover their March losses. Dow Jones Industrial Average futures…

First Citizens to acquire troubled Silicon Valley Bank

chicagotribune.com NEW YORK — North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the…

Budget 2023: Why Ottawa might buttress Canada's defences against banking turmoil

financialpost.com We apologize, but this video has failed to load. tap here to see other videos from our team. Try refreshing your browser, or Budget 2023: Why Ottawa might buttress Canada's…

First Citizens acquiring Silicon Valley Bank

thehill.com First Citizens Bank & Trust Company will acquire Silicon Valley Bank, which unexpectedly failed earlier this month and rocked the U.S. financial landscape. The North…

How Everyone Is Getting The Story Of Silicon Valley Bank and Signature Bank Completely Wrong

datadriveninvestor.com And other incomprehensible things, like Coinbase’s banking partner. Illustration By Author Beware Of the Ideas Of The March — William Shakespare I usually don’t write a new…

European stocks higher; German Ifo rises, banking confidence improves

investing.com Investing.com - European stock markets firmed Monday, rebounding after the sharp selloff at the end of last week as a degree of calm descended on the region’s banking sector…

The Federal Reserve's Inflation Work Almost Done

latimes.com The Federal Reserve Board may owe the banking crisis a thank-you note. That’s because the economic turmoil created by the collapse of three banks this month and the…

Stocks Set to Open Higher as SVB Deal Calms Banking Sector Fears

barchart.com June S&P 500 futures (ESM23) are up +0.34%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.15% this morning as market participants welcomed the news that First…

European stock futures higher; IFO, banking sector in focus

investing.com Investing.com - European stock markets are expected to open higher Monday, rebounding after the sharp selloff at the end of last week with the region’s banking sector…

First Citizens agrees to buy much of Silicon Valley Bank

theglobeandmail.com First Citizens BancShares Inc said on Monday it will acquire Silicon Valley Bank’s deposits and loans as well as certain other assets from the Federal Deposit Insurance…

First Citizens Bank to buy Silicon Valley Bank deposits and loans

nbcnews.com First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday.

OpenEnvoy CEO Says Generative AI Will Soon Spawn Companies of One

pymnts.com “Small forest fires” that are “ultimately good for the forest.” That’s how Matthew Tillman, CEO at automated accounts payable (AP) solution OpenEnvoy, is looking at the…

First Citizens to Buy Silicon Valley Bank's Deposits, Loans in $55.5B Agreement With FDIC

coindesk.com The Federal Deposit Insurance Corp. (FDIC) announced late Sunday U.S. time that it had finalized a deal with Raleigh, N.C.-based First Citizens Bank to acquire the deposits…

Silicon Valley Bank Finds Buyer, First Citizens Absorbs Deposits and Loans

beincrypto.com The U.S. Federal Deposit Insurance Corporation (FDIC) announced on Monday that First Citizens Bank & Trust Co. would purchase the deposits and liabilities of Silicon Valley…

First Citizens Acquires Much of Failed Silicon Valley Bank

wsj.com First Citizens Bancshares Inc., one of the nation’s largest regional banks, is buying big pieces of Silicon Valley Bank more than two weeks after the lender’s collapse sent…

Silicon Valley Bank Has a New Owner: Will Resume Work Today

cryptopotato.com Nearly 3 weeks after SVB unceremoniously collapsed, it seems the U.S. authorities have finally found a buyer to take over and revive the bank. SVB, the bank that powered…

First Citizens to Acquire Silicon Valley Bank

nytimes.com First Citizens BancShares will acquire Silicon Valley Bank, the California lender whose collapse this month sent shock waves across the financial sector. The Federal Deposit…

As Banking Worries Swirl, Europe’s Policymakers Express Confidence, With Caution

nytimes.com Eshe Nelson reported this story in Frankfurt, where the European Central Bank has its headquarters, during an annual conference about its policies. Anxiety over banks swept…

First Citizens Bank to buy Silicon Valley Bank after collapse, FDIC says

washingtonpost.com First Citizens Bank has agreed to purchase Silicon Valley Bank, which collapsed after a bank run, the Federal Deposit Insurance Corp. said Sunday. All of Silicon Valley…

Silicon Valley Bank Officially Sold To First Citizens Bank

watcher.guru Earlier during the day, there were speculations claiming that Silicon Valley Bank could be sold to First Citizens Bank. During the late hours on Sunday, March 26, an…