Finance

Nikolas Kokovlis | Nurphoto | Getty Images Venture capitalists and technology executives are scrambling to make sense and account for the potential repercussions of the sudden implosion of Silicon Valley Bank on Friday. The Federal Deposit Insurance Corp. said Friday that U.S. federal regulators shut down Silicon Valley Bank, the …

Luis Alvarez | Digitalvision | Getty Images The pace of wage growth seems to be decelerating, according to the February jobs report issued Friday — but workers still have bargaining power in a cooling but strong job market, economists said. “Workers have a very strong negotiating position,” Mark Zandi, chief …

SVB Financial, parent of Silicon Valley Bank, is in talks to sell itself, sources told CNBC’s David Faber. Attempts by the bank to raise capital have failed, the sources said, and the bank has hired advisors to explore a potential sale. Large financial institutions are taking a look at a …

Signage outside Silicon Valley Bank headquarters in Santa Clara, California, US, on Thursday, March 9, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in early morning trading. SVB Financial — Shares of the company known as Silicon Valley Bank extended their big slide, …

European banking stocks sold off sharply in early trade Friday as jitters surrounding U.S. bank SVB Financial — which plunged 60% Thursday — spread around the world. It followed an announcement by the tech-focused lender of a capital raise to help offset bond sale losses. The Euro Stoxx Banks index …

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell testifies Wednesday before the House Financial Services Committee in remarks that markets will be watching closely. related investing news Morgan …

Delegates and officials gather at The Great Hall of the People in Beijing on March 5, 2023, for the opening of the annual National People’s Congress. Lintao Zhang | Getty Images News | Getty Images BEIJING — China plans to overhaul its financial regulatory system by consolidating aspects of the …

More needs to be done to get women into management roles in finance, according to Santander Executive Chair Ana Botin. Bloomberg / Contributor / Getty Images The finance industry is not quick enough at getting women into management positions, according to Santander’s Executive Chair Ana Botin.  “They’re getting better, but …

Visitors take photos in front of the Meta (Facebook) sign at its headquarters in Menlo Park, California, on December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Check out the companies making the biggest moves in premarket trading: Meta — Meta shares gained 2% after a Bloomberg report …

Check out the companies making headlines after hours. WW International — Shares jumped more than 6% after WW International, also known as WeightWatchers, said it’s acquiring Sequence, a subscription telehealth platform with a focus on chronic weight management, for a net purchase price of $106 million. The deal marks WeightWatchers’ …