What does 'cash is king' really mean?
Higher interest rates have made holding cash more attractive. But as the global bank turmoil shows, cash management is critical. Scarlet Fu explains what that means.
Wall St: Stocks recover from steep losses
Stocks are rallying Thursday to recover almost all of their steep loss from a day before, when markets tumbled into the close.
Banking: A new global crash on the horizon?
The crisis began with a series of failures among US banks that invest in tech firms and startups. Now, even Switzerland’s Credit Suisse is in big trouble. Is there a global banking crisis on the ho...
Coinbase gets SEC notice
Coinbase Global Inc. CEO Brian Armstrong says he welcomes the Securities & Exchange Commission's plan to take enforcement action against the crypto exchange.
Powell's rate hike streak continues
Federal Reserve Chair Jay Powell raised interest rates again by a quarter percentage point to a range of 4.75% to 5%, the highest since September 2007. Here are the highlights from his press confer...
Banking crisis opens capitalism's new era
The global banking crisis has opened a new era for capitalism and shows how the rules of finance are changing. John Micklethwait, editor-in-chief of Bloomberg News, helped write "The Big Take" with...
PacWest secures $1.4 billion lifeline
PacWest Bancorp secured $1.4 billion in cash from a financing facility from Atlas SP Partners and abandoned a separate push to raise capital after its customers pulled more than 20% of total deposi...
Investors fear missing out on next rally
Missing even a few days of a market rally could reduce your returns by more than half, evidence shows. Bloomberg's Richard Henderson explains what large investors are doing to avoid missing out on ...
Bitcoin tops $28,000 despite market chaos
Turmoil in the banking sector, hotter-than expected inflation data, and renewed hopes for a dovish Federal Reserve has Bitcoin reaching levels not seen in about nine months. The token topped $28,00...
US to back First Republic Bank rescue?
US officials and Wall Street leaders discussing an intervention at First Republic Bank are exploring the possibility of government backing to encourage a deal that would shore up the lender, accord...
Credit Suisse bondholders 'cry foul'
The takeover of Credit Suisse ends days of turmoil, which should be good news for investors -- but one group of bondholders is crying foul over the deal. Kristine Aquino explains why.
Vanguard plans to complete exit from China
Vanguard Group Inc. will shutter its remaining business in China after a retreat two years ago, abandoning a $3.9 trillion fund market that global competitors are embracing. Sonali Basak reports on...
Global central banks band together to prevent crisis
Global central banks have banded together to reassure world markets and prevent the spread of the banking crisis that started with the collapse of two regional U.S. banks earlier this month from sp...
US studies ways to guarantee bank deposits
US officials are said to be studying ways that might temporarily expand FDIC to all deposits, a move sought by a coalition of banks arguing that it's needed to head off a potential financial crisis.
When will the banking crisis end?
Gillian Tett, US Managing Editor of the Financial Times, talks about why Wall Street was caught off guard by this latest banking crisis. She speaks with David Westin on "Wall Street Week Daily."
Investors await next rally
As investors in collapsed banks lick their wounds, some big fund managers are preparing so they don't miss the next rally. Richard Henderson reports on Bloomberg Television.
Finance firms sold at fire-sale prices
As investors prepare for another week of volatility, Credit Suisse's emergency sale bears soft echoes of the 2008 banking crisis. Scarlet Fu has a reminder of past bailouts and distressed M&A in th...
US FHLB issued $304 Bn debt last week
A federal mortgage backstop issued $304 billion in debt last week, that's almost double the amount banks tapped from the Federal Reserve discount window, according to people familiar with the matter.
Euro-Area Banks Secure: Lagarde
ECB President Christine Lagarde tells lawmakers in the European Parliament that the financial impact of recent bank stresses remains to be seen.
First Republic Bank shares hit all-time low
Even though most regional bank shares rallied Monday, First Republic Bank is having trouble. Shares hit an all-time intraday low. Herman Chan of Bloomberg Intelligence explains.
Bitcoin rallies to highest level since June
Bitcoin breaks through the $28,000 mark for the first time since June. It's up about 25% since March 8. Katie Greifeld reports on "Bloomberg Technology."
The new alternative investment, whisky
"Whisky is sexy. Good investments generally aren't." High-end casks of scotch can change hands for over $1 million. Does that mean whisky is a good alternative investment? Alex Morgan takes a look.
Central Banks pour money into nervous market
Central banks in Europe and the UK have injected significant capital into the market to avert a repeat of the crisis seen in the United States, where a series of banks have collapsed. The deal serv...
UBS to acquire rival bank Credit Suisse
Switzerland’s government has fast-tracked approval for the country’s largest bank, UBS, to take over its ailing rival Credit Suisse to prevent a banking crisis. Experts say it’s a reflection of tou...
How Silicon Valley Bank Led to UBS Buying Credit Suisse
Silicon Valley Bank's demise shouldn't have had any meaningful impact on Credit Suisse. And yet the run on the Californian lender set off a chain of events that resulted in the Zurich-based bank's ...
UBS-Credit Suisse Deal Impact on Asian Markets
Vanessa Chan, head of Asian fixed income investment directing at Fidelity International, discusses UBS Group AG agreeing to buy Credit Suisse Group AG in a historic government-brokered deal, its im...
Buffett in contact with Biden over banking crisis
Billionaire investor Warren Buffett has been having multiple talks with senior officials in President Joe Biden's administration in recent days as the regional banking crisis unfolds, according to ...
What Does the UBS-CS Deal Mean for the Bond Market?
Bob Michele, chief investment officer of fixed income at J.P. Morgan Asset Management, discusses UBS Group AG's agreement to buy Credit Suisse Group AG, the implications for bond markets and the ba...
Details of UBS-Credit Suisse Deal
UBS Group Chairman Colm Kelleher announces details of the firm's agreement to buy Credit Suisse Group AG. The Swiss bank is paying more than $2 billion for its rival in an all-share deal priced at ...