Gold prices could notch an all-time high soon — and stay there

Investors have been flocking to gold and Treasurys as bank stocks have been whacked by the shuttering of Silicon Valley Bank and Credit Suisse’s implosion. Sven Hoppe | Picture Alliance | Getty Images Gold prices have more room to run as global banks struggle and the U.S. Federal Reserve renders another interest rate decision, potentially … Read more

BlackRock’s Rieder says more volatility could ‘play through the financial system’

BlackRock’s Rick Rieder said it’s not clear whether there are any additional shoes to drop in the banking system, but he does see some tightening of lending and that could hurt the economy. “When you move the funds rate up as much as it has, and the banks are competing deposit-wise with Treasury bills at … Read more

Fed faces a nearly impossible task Wednesday: Keep inflation fighting cred and financial stability

Some investors worry the Federal Reserve will have a tough time succeeding in wielding the tools to both fight inflation and calm the banking system. The Fed began its two-day meeting Tuesday morning, and it’s widely expected to raise interest rates again. The futures market is pricing a more than 80% chance the Fed raises … 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

Op-ed: ESG investing and 2018 change in bank laws didn’t cause Silicon Valley Bank to collapse, says former Sen. Heitkamp

Heidi Heitkamp is a former Democratic senator from North Dakota, and currently serves as director of the University of Chicago’s Institute of Politics. She is also the founder of the One Country Project, an organization dedicated to advancing rural America, and a CNBC contributor. Within hours of the Silicon Valley Bank collapse, political spin machines … 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

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

How Silicon Valley Bank collapsed

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Silicon Valley Bank is no more. The question now, though, is whether the collapse of this tech-friendly regional bank is the start of something more serious — or just what happens when higher interest rates give companies less room for error. Source … Read more

‘Be mindful of your risk’: Money manager tackles Silicon Valley Bank fallout on ETFs

There’s speculation the Silicon Valley Bank collapse could expose problems lurking in ETFs tied to specific sectors. Astoria Portfolio Advisors CIO John Davi has financials topping his watch list. “You need to be mindful of your risk,’” Davi, who runs the AXS Astoria Inflation Sensitive ETF, told CNBC’s “ETF Edge” this week. The fund is … Read more

House committee calls Fed, FDIC officials to testify in its first hearing on bank failures

Bloomberg | Bloomberg | Getty Images WASHINGTON — The House Financial Services Committee on Friday announced its first hearing on the failures of Silicon Valley Bank and Signature Bank. Martin J. Gruenberg, chairman of the FDIC board of directors, and Michael S. Barr, vice chair for supervision for the Federal Reserve board of governors, are … Read more