By Nell Mackenzie LONDON (Reuters) – Hedge funds ended last week positioned to scoop up winning profits from bearish positions on bank stock falls, according to a note by Goldman Sachs sent to c[...]
Read more
Economy
Silicon Valley Bank is largest failure since 2008 crisis, billions stranded
By David French, Echo Wang and Alun John (Reuters) – Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse th[...]
Read more
After Silicon Valley Bank’s shutdown, uninsured depositors face tense wait
By Pete Schroeder WASHINGTON (Reuters) – Silicon Valley Bank’s high level of uninsured deposits helped kick off the run that led to the bank’s closing down, and now any of those depo[...]
Read more
U.S. bank stocks fall further as regulators shutter SVB Financial
By Noel Randewich and Caroline Valetkevitch (Reuters) -Shares of U.S. banks extended recent losses on Friday, with regional banks hit hardest, as SVB Financial Group’s failure reverberated acros[...]
Read more
SVB debacle sparks rush to defensive options on fears of contagion
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders piled in to defensive options on bank stocks on Friday, a day after a tumble in the shares of SVB Financial Group sparked worries over the lende[...]
Read more
Ether hits 2-month low as New York AG labels crypto token as security
(Reuters) – Cryptocurrency token Ether fell to its lowest in two months on Friday after the New York attorney general labeled it a security, bracketing it with assets such as stocks and bonds an[...]
Read more
Cathie Wood’s ARK Fund set for worst week since Sept as higher rates loom
By David Randall NEW YORK (Reuters) – Big declines in holdings including Tesla Inc and 2U Inc are leaving star stock picker Cathie Wood’s flagship ARK Innovation Fund on pace for its worst[...]
Read more
Investor dash for cash pumps U.S. money market funds to record high – BofA
LONDON (Reuters) -Assets invested in U.S. money market funds have reached a new all-time high of $4.9 trillion this year, as soaring short-term interest rates have sent investors rushing into cash, Bo[...]
Read more
Global equity funds draw first weekly inflow in four weeks – Refinitiv data
(Reuters) – Global equity funds drew their first weekly inflow in four weeks in the seven days to March 8 after strong consumption boosted the service sector in some major economies, easing worr[...]
Read more