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…
Bank turmoil is boosting appetite for specific sector ETFs. Here’s why
It appears specific sector ETFs are gaining popularity as a way to cushion bank-turmoil fallout. According to VettaFi’s Todd Rosenbluth,…
Nearly $100 billion in deposits pulled from banks; officials call system ‘sound and resilient’
Regulators again assured the public that the banking system is safe, as fresh data showed customers recently pulled nearly $100…
Stocks making the biggest moves midday: Block, Deutsche Bank, GameStop, Activision and more
Check out the companies making headlines in midday trading. Block — Shares shed nearly 3%, after losing nearly 15% in…
Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads
Deutsche Bank shares slid Friday while the cost of insuring against its default spiked, as the German lender was engulfed…
Biden’s approval slips to 38%, near the lowest of his presidency, new poll says
President Joe Biden’s approval rating dipped in a new poll released Thursday, approaching an all-time low for that survey as…
Yellen says Treasury is ready to take ‘additional actions if warranted’ to stabilize banks
WASHINGTON — Treasury Secretary Janet Yellen said Thursday that the federal emergency actions to back up Silicon Valley Bank and…
Stocks making the biggest moves midday: Netflix, Block, Snap, KB Home and more
Check out the companies making the biggest moves midday: Netflix — The streaming giant’s stock climbed 9.01% following a report…
Bank of England hikes interest rates by 25 basis points after inflation surprises
LONDON — The Bank of England on Thursday hiked interest rates by 25 basis points as it grapples with persistent…
