‘Call of duty’: With Sergio Ermotti, Switzerland gets a cost-cutting local to restore its reputation
Incoming UBS CEO Sergio Ermotti on Wednesday said his return to the helm was “a call of duty,” as the…
Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years
Credit Suisse, the collapsed Swiss bank taken over by UBS Group in a hastily arranged bailout earlier this month, may…
Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
Jamie Dimon, the veteran JPMorgan Chase CEO and chairman, will be deposed over his bank’s links to disgraced former financier Jeffrey…
SVB customers tried to withdraw nearly all the bank’s deposits over two days, Fed’s Barr testifies
The run on Silicon Valley Bank’s deposits this month went far deeper than was initially known. Since the day regulators…
Bank stocks fall after top regulators back stricter regulations at high-profile Senate hearing on collapse of SVB
This was CNBC’s live blog on Tuesday’s hearing on the collapse of Silicon Valley Bank and other lenders before the…
This is not another banking crisis, analysts say — it’s ‘sentiment contagion’ instead
The collapse of U.S.-based Silicon Valley Bank, the biggest bank failure since the global financial crisis, and the emergency rescue…
Fed’s Barr calls Silicon Valley Bank failure a ‘textbook case of mismanagement’
The Federal Reserve’s top banking regulator said Monday that the failure of Silicon Valley Bank was due largely to mismanagement,…
Here’s why the U.S. had to sweeten terms to get the SVB sale done
The winning bidder in the government’s auction of Silicon Valley Bank’s main assets received several concessions to make the deal…
Saudi National Bank chair resigns just days after Credit Suisse comments sparked sell-off
Saudi National Bank Chairman Ammar al-Khudairy resigned his post on Monday, days after his comments exacerbated the share collapse of…
First Citizens shares soar 50% after the bank buys a large chunk of failed Silicon Valley Bank
First Citizens BancShares will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, just…
