‘Inundated with requests’: Digital currency firms look to Swiss banks after crypto-friendly lenders fail

Switzerland has created what they dub “Crypto Valley” in the region of Zug. Nurphoto | Nurphoto | Getty Images Crypto firms are scrambling to find institutions to bank with after the collapse of Signature Bank and Silvergate Capital, two lenders that were friendly to digital currency companies. Some of these companies have turned to crypto-friendly … Read more

Everyone’s talking about Credit Suisse’s risky bonds. Here’s what they are and why they matter

In the aftermath of Credit Suisse‘s takeover by UBS, many investors lost out. But one group felt particularly left behind after their investments: AT1 bond holders, who saw their 16 billion Swiss francs ($17 billion) worth of assets wiped out. AT1 bonds would be written to zero as part of the deal between Credit Suisse … Read more

The Fed is likely to hike rates by a quarter point but it must also reassure it can contain a banking crisis

Federal Reserve Chair Jerome H. Powell testifies before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., March 7, 2023.  Kevin Lamarque | Reuters The Federal Reserve is expected to raise interest rates Wednesday by a quarter point, but … Read more

Credit Suisse bondholders prepare lawsuit after contentious $17 billion writedown

A sign of Credit Suisse bank is seen at their headquarters in Zurich on March 20, 2023. Fabrice Coffrini | AFP | Getty Images A number of Credit Suisse bondholders said Tuesday that they were considering legal action after $17 billion of the bank’s additional tier-one (AT1) bonds were wiped out as part of its … Read more

Stocks making the biggest premarket moves: Tesla, First Republic, UBS, Foot Locker and more

A vehicle charges a Tesla Supercharging station in Corte Madera, California, US, on Thursday, March 2, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest moves in premarket trading: Tesla — The electric vehicle maker rose 2% after Moody’s assigned it a Baa3 rating and removed its junk-rated … Read more

RBC names 5 global financial stocks to buy right now as banks sell off

The recent falls in the stock of European financial stocks have presented a buying opportunity, according to RBC Capital Markets. The European insurance sector, for example, has slid by 11% since Mar. 9 following the collapse of Silicon Valley Bank and concerns over other banks. SVB collapsed partly due to a run on the bank … Read more

Goldman’s Oppenheimer says stocks will stay ‘fat and flat’ — and reveals how to trade it

A potential crisis in the global banking sector may have been averted over the weekend, as Swiss authorities stepped in to broker a deal for UBS to acquire embattled Credit Suisse . But stock markets are not out of woods yet, according to Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer. He believes contagion fears … Read more

CNBC Special Pro Talks: How award-winning fund manager David Giroux is navigating and investing in this volatile market

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The market has been treacherous to navigate due to extreme volatility in the financial sector. Investors are looking for cover as fears of further bank collapses mount. T. Rowe Price’s David Giroux is a two-time winner of Morningstar’s Outstanding Portfolio Manager of … Read more

Stocks making the biggest moves midday: First Republic, UBS, Virgin Orbit, Dell and more

A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023.  Mike Segar | Reuters Check out the companies making the biggest moves midday: First Republic — Shares tanked nearly 30% after Standard & Poor’s cut First Republic’s credit rating to B+ from BB+. … Read more

Jim Cramer’s Investing Club meeting Monday: Buying opportunities, Starbucks, Nvidia

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Look for buying opportunities Buy Starbucks Watch Nvidia 1. Look for buying opportunities Stocks ticked largely higher to start the trading week Monday after UBS reached an agreement to buy … Read more