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.
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...
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...
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.
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.
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...
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...
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...
UBS in talks to buy Credit Suisse
A merger of UBS Group AG with Credit Suisse Group AG is "plan A" for Swiss regulators seeking to shore up confidence in the nation's banking system, the Financial Times reported.
Market fears more banking turmoil
A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled U.S lender's shares showed investors were stil...
UBS, Credit Suisse Don't Want to Merge
UBS Group AG and Credit Suisse Group AG are opposed to a forced combination, even as scenario planning for a government-orchestrated tie-up continues, according to people with knowledge of the matter.
Korea Exchange CEO Wants Short Selling Curb Lift
South Korea needs to take the politically difficult step of fully lifting curbs on stock short selling to ensure inclusion in a key global index, says Sohn Byung Doo, chief executive officer of Kor...
Credit Suisse Looks for Stability as Bonds Sink
Credit Suisse Group AG's woes deepened on Thursday, with the cost to insure the bank's debt against default rising as its bonds fell deeper into distress.
Wall Street down amid banking concerns
Melissa Armo, founder and owner of The Stock Swoosh, joined Cheddar News to discuss Wednesday's session as stocks closed down amid concerns over a banking crisis and ahead of next week's Fed meeting.
Credit Suisse Takes Action to Strengthen Liquidity
Credit Suisse said it's planning to borrow from the Swiss National Bank up to CHF50 billion under a covered loan facility.
US Banks Head Lower After Credit Suisse Plunge
Stocks of major US lenders sank at the open, following European banks lower as Credit Suisse Group AG plunged by a record. Regional banks are also dropping. First Republic Bank was downgraded to ju...
Credit Suisse in Crisis: Can It Survive?
Shares of Credit Suisse dropped 24% Wednesday hitting a new low. The Swiss bank is in the middle of a complex plan to return to profitability.
BofA Gains $15 Billion in Deposits After SVB Fails
Bank of America Corp. emerged as one of the big winners after the collapse of Silicon Valley Bank and two smaller banks, getting more than $15 billion in new deposits in a matter of days.
Cramer says the Fed may need to take drastic measures
Mad Money host Jim Cramer says the Federal Reserve may need to take drastic measures, which could be "fantastic" for your portfolio.
European banking stocks plunge
On the Paris stock exchange, French bank Société Générale fell by 10.6% and BNP Paribas by 10.3% - marking the biggest decline in the session since 24 February 2022 for Société Générale and since 1...
Moody's Cuts US Banking System to Negative
The Federal Reserve is said to be considering tougher capital and liquidity requirements for mid-sized banks as well as steps to beef up annual stress tests. That's according to the Wall Street Jou...
China's $740 Bn Offshore Credit Rally Stalls
Distressed Chinese developers are moving forward with restructuring plans, but it's failing to help sustain a rebound when it comes to dollar bonds from the country's issuers.
SVB drives fed rate cut, pause bets
The collapse of Silicon Valley Bank is triggering a rapid recalculation on trading desks of how willing the Federal Reserve will be to keep tightening to tame inflation.
Investors Say Buy China but Risks Abound
Geopolitical concerns and the prospect of more regulation are among the biggest risks to snuffing out the rally in Chinese stocks. Scarlet Fu takes a look at how investors see the China reopening t...