SBNY News and Press, Signature Bank From 03/15/23

2023-03-15 11:26:09 ET Chinese tech companies' shares largely slumped Wednesday, with the likes of Alibaba ( NYSE: BABA ), JD.com ( NASDAQ: JD ) and Tencent Holdings ( OTCPK:TCEHY ) going into the red amid a broad-market retreat fueled by more uncertainty coming from...

2023-03-15 07:23:59 ET The US financial system is precariously positioned following the failures of Silvergate ( NYSE : SI), Silicon Valley Bank ( NASDAQ : SIVB) and Signature Bank (NASDAQ: SBNY). Regulators have stepped in with emergency measures to contain the fallout ...

2023-03-14 10:54:12 ET Coinbase Global ( NASDAQ: COIN ) users are facing intermittent issues logging into their accounts through the exchange's website and app, as well as through Coinbase Prime. "Our teams are working to resolve this as soon as possible and fund...

2023-03-14 10:28:53 ET First Republic Bank ( NYSE: FRC ) shares are trading around +50% on Tuesday, marking a rebound after the stock tumbled as much as -78% the previous day. The stock suffered a record rout amid the failures of Silicon Valley Bank ( SIVB ) and ...

2023-03-14 09:43:11 ET Ratings agency Moody's downgraded shuttered Signature Bank's ( NASDAQ: SBNY ) credit ratings into junk territory and withdrew its future ratings, while placing ratings of six other lenders under review for downgrade. The banks on review are Firs...

2023-03-14 09:33:12 ET Summary Citigroup Inc. investors were hammered as a broad risk-off move also affected the big banks. However, Citigroup has ample liquidity and relatively manageable exposure on its debt securities portfolio. Citigroup has also benefited from the recent ...

2023-03-14 08:18:42 ET Summary First Republic Bank took a beating recently, as concerns mount over its ability to remain in stable condition. This follows real pain that should have been seen from a mile away that has impacted similar financial institutions. Risk absolutely ex...

2023-03-14 06:55:00 ET Summary SVB reverberations continue. In the US, the FRA/OIS spread is at a tipping point and needs to calm to help generate wider calm. US financial conditions have tightened considerably as a consequence of all of this. This does a job for the Fed, but ...

2023-03-14 05:30:00 ET Stablecoins are digital currencies designed to maintain a stable value against a reference asset, such as the U.S. dollar. However, a rash of bank liquidations in and around the crypto market is shaking up these supposed models of safety and stability. Can those s...

2023-03-14 02:52:40 ET Agribusiness and food company, Bunge ( BG ) will replace Signature Bank ( SBNY ) in the S&P 500. This will be effective prior to the opening of trading on Wednesday, March 15. The Federal Deposit Insurance Corporation or FDIC said that it...