Financials

Singapore’s UOB expects ‘some upside’ to interest income after Fed rate hike

Singapore’s United Overseas Bank is expecting “some upside” in interest income in the next quarter, after the U.S. Federal Reserve…

Why Charles Schwab became a financial ‘supermarket’

Charles Schwab Corp. is the largest publicly traded brokerage business in the United States with $7.5 trillion of client assets,…

This Friday could hold the key to our bank stocks and the direction of the market for weeks

The countdown is on. Earnings season is set to kick off Friday with the banks, one of ours among them.…

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,…

‘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…

First Republic jumps nearly 30%, leads comeback rally in regional banks Tuesday

First Republic led a comeback rally in regional bank shares Tuesday, as investors hoped for some sort of strategic action…

Silicon Valley Bank collapse was ‘Lehman moment for technology,’ top Goldman Sachs deal-maker says

The collapse of Silicon Valley Bank was a “Lehman moment” for the technology industry, according to a top Goldman Sachs…

Silicon Valley Bank ex-CEO backed Big Tech lobbying groups that targeted Dodd-Frank, sought corporate tax cuts

Before Silicon Valley Bank’s failure, its former CEO Greg Becker backed two tech industry lobbying groups that tried to influence…

Top Senate Democrats press DOJ, SEC to investigate whether Silicon Valley Bank executives broke any laws

WASHINGTON — Top Democratic lawmakers pressed the Justice Department and the Securities and Exchange Commission to open a probe into…