SBNY News and Press, Signature Bank From 03/13/23

2023-03-13 11:01:31 ET Bitcoin ( BTC-USD ) is trading comfortably above $23K as risk appetite improved following U.S. regulators' swift actions to contain the impact of the Silicon Valley Bank ( SIVB ) collapse. Authorities secured depositors' funds at the failed lender and ...

2023-03-13 10:59:11 ET Summary First Republic Bank investors are not taking any chances here after the Silicon Valley Bank fallout, sending its shares down more than 60% pre-market. Management upsized its unused liquidity to $70B, on top of the Fed's $25B Bank Term Funding Program...

2023-03-13 10:55:57 ET Marathon Digital ( NASDAQ: MARA ) disclosed on Monday that deposits that were held at now shuttered Signature Bank ( NASDAQ: SBNY ) are secure and available for use. On Sunday, New York State's Department of Financial Services took possession...

2023-03-13 10:31:52 ET Gold gained strongly in Monday trading after investors reached for traditional "safe havens" like Treasurys and gold amid banking turmoil triggered by the failures of SVB Financial's ( SIVB ) Silicon Valley Bank and Signature Bank ( SBNY ) when investors r...

2023-03-13 10:15:49 ET The failure of both Silicon Valley Bank ( SIVB ) and Signature Bank ( SBNY ) prompted a selloff last week among financials stocks, but KBW sees "significant potential upside" in nearly a dozen of them for the near-term. The market will likely believe t...

2023-03-13 09:48:01 ET Summary Last night the New York state's Department of Financial Services took over Signature Bank. The regulator created a new entity, Signature Bridge Bank, which will hold Signature Bank's assets of $110.4B and total deposits of $82.6B. Any residu...

2023-03-13 09:27:17 ET Goldman Sachs strategist Jan Hatzius now expects the Federal Open Market Committee will not increase rates at its meeting next week, given the recent stress in the banking system, and sees "considerable uncertainty about the path beyond March." That compared w...

2023-03-13 09:16:52 ET Charles Schwab ( NYSE: SCHW ) stock dropped 10.6% in Monday premarket trading, extending a 23% slump over the last two sessions, as market participants weigh the Federal Reserve's new lending facility for banks to stem the damage from the failures ...

2023-03-13 08:37:22 ET Saying "Goliath is winning," Wells Fargo analyst Mike Mayo upgraded JPMorgan Chase ( NYSE: JPM ) to Overweight from Equal Weight on Monday as the behemoth bank should benefit from both offense — in the form of market share gains — and defense...

2023-03-13 08:36:43 ET After New York state took possession of Signature Bank ( SBNY ) and transferred it to the Federal Deposit Insurance Corp. (FDIC), Coinbase ( NASDAQ: COIN ) on Sunday said it had a cash balance of ~$240M at Signature Bank as of Friday. "As stated ...