Snap, Meta rise on Biden threat to Bytedance, and Baidu falls as AI-bot disappoints investors
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First Republic Bank stock tumbles on credit downgrade and deposit worriesFirst Republic Bank's credit rating was downgraded on Wednesday by both Fitch Ratings and S&P Global Ratings on concerns that depositors could pull their cash despite the federal intervention.
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Stocks making the biggest moves midday: Credit Suisse, First Republic Bank, Halliburton and moreThese are the stocks posting the largest moves in midday trading.
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First Republic Bank credit rating cut to junk at S&P and FitchFirst Republic Bank downgraded to junk by S&P and Fitch on risk of clients pulling deposits in the wake of SVB failure
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SVB, Signature Bank failure explained - USA TODAYHow worried should Americans be about recent bank collapses? usatodaymoney reporter Medora Lee puts things in perspective with 5 Things podcast host atltwil:
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Credit Suisse, Citi and more bank stocks tumble amid Silicon Valley Bank turmoilBank stocks in the U.S. and Europe are tumbling as the global financial system continues to reckon with the Silicon Valley Bank collapse—the largest bank failure since 2008.
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Major European bank tells Credit Suisse to seek urgent central bank liquidity backstop - sourceA major European bank has held talks with Credit Suisse, urging the lender to seek an urgent central bank liquidity backstop, according to a source with knowledge of the discussions.
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