Bhavik Nair

[ad_1] Credit Suisse Group AG CS said it is taking decisive action to pre-emptively strengthen its liquidity by intending to exercise its option to borrow from the Swiss National Bank…

[ad_1] Former Treasury Secretary Lawrence Summers reportedly said the authorities did not do very well in handling the Silicon Valley Bank SIVB crisis. In an interview with Bloomberg TV, Summers…

[ad_1] Major Wall Street indices closed mixed on Wednesday after troubles at Swiss lender Credit Suisse Group AG CS brought back fears of a potential contagion and dampened hopes of…

[ad_1] Berkshire Hathaway Inc BRK BRK has reportedly agreed to disclose in a better way how its board of directors manages risks, including those taken by Chairman Warren Buffett after…

[ad_1] ARK Investment Management CEO Cathie Wood believes regulators should have focussed on the opaque failure points of the traditional banking system rather than blocking decentralized financial platforms “that do…

[ad_1] SVB Financial Group SIVB said in a filing that Goldman Sachs Group Inc GS had bought its bond portfolio prior to the commencement of the receivership for Silicon Valley…

[ad_1] Former Treasury Secretary Lawrence Summers reportedly said that Silicon Valley Bank committed one of the most elementary errors in banking — borrowing short-term funds to invest in long-tenor assets.…

[ad_1] Cathie Wood-led ARK Investment Management bought more shares of Tesla Inc. TSLA after last week’s purchase. What Happened: The flagship ARK Innovation ETF ARKK and the ARK Next Generation…

[ad_1] ‘The Big Short’ investor Michael Burry, who made millions of dollars for his investors by accurately predicting the housing crisis, has voiced his take on the ongoing situation in…

[ad_1] Major Wall Street indices closed mixed on Monday as fears of a potential contagion in the wake of multiple bank collapses kept investors and traders on a cautious mode.…

[ad_1] Goldman Sachs economist Jan Hatzius does not believe there is a case for the Federal Reserve to hike rates at its policy meeting next week owing to “recent stress”…

[ad_1] Senator Elizabeth Warren (D-Mass.) believes regulators should not give in to lobbying pressure at a time when a banking crisis has resurfaced in the U.S. “Wall Street lobbyists and…

[ad_1] In the wake of the deepening banking crisis unfolding in the U.S., Rep. Ro Khanna (D-CA) reportedly said all depositors should be protected and have full access to their…

[ad_1] Even as the banking crisis widens in the U.S., First Republic Bank FRC said it enhanced and diversified its financial position through additional borrowing capacity from the Federal Reserve,…

[ad_1] The Federal Deposit Insurance Corporation said it had transferred all deposits and substantial assets of Signature Bank SBNY to Signature Bridge Bank, N.A., a full-service bank that the agency…

[ad_1] Barclays Vice President and U.S. economist Pooja Sriram reportedly said that the non-farm payrolls figure for February is expected to come in substantially lower than January but any number…

[ad_1] Cathie Wood-led ARK Investment Management bought a whopping $20.5 million stake in cryptocurrency exchange platform Coinbase Global Inc COIN on Thursday. Funds operated by ARK purchased over 353,000 shares…

[ad_1] Dubravko Lakos, chief U.S. equity strategist and global head of quantitative research at JPMorgan Chase & Co, reportedly said the risk of unknown unknowns is the highest since the…

[ad_1] Peter Thiel’s Founders Fund has advised companies to pull money from SVB Financial Group‘s SIVB bank in the backdrop of concerns about its financial stability, reported Bloomberg, citing people…

[ad_1] U.S. markets ended in the red on Thursday, dragged by a plunge in bank stocks and investor concerns ahead of the release of the jobs report on Friday. Market…

[ad_1] Nobel laureate and noted economist Paul Krugman argued that the economy is probably still running hot but what matters are market expectations about future Federal Reserve policy. The Labor…

[ad_1] Cathie Wood-led ARK Investment Management bought 69,329 shares of Tesla Inc TSLA on Wednesday at an estimated valuation of over $12.6 million based on Wednesday’s closing price. The purchase…

[ad_1] President Joe Biden’s budget proposal intends to reduce the U.S. deficit by nearly $3 trillion over the next 10 years, surpassing the $2 trillion figure the administration aimed for…

[ad_1] President Joe Biden‘s budget proposal scheduled to be released on Thursday, reportedly calls for a 25% minimum tax on billionaires. The plan would also nearly double the capital gains tax rate…

[ad_1] Rick Rieder, the chief investment officer of global fixed income at the world’s largest asset manager BlackRock BLK reportedly said the Federal Reserve could hike interest rates to 6%…