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JUST IN: Citadel CEO says US capitalism is breaking down before our eyes after the Federal Reserve rescued Silicon Valley Bank $SIVB.
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JUST IN: Bank giants JPMorgan Chase & Citigroup are trying to handle largest movement of deposits in over a decade.
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JUST IN: πΊπΈ SEC launches investigation into Silicon Valley Bank $SIVB executives stock sales made days before the collapse.
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JUST IN: Moody's cuts outlook on US banking system to negative from stable, citing "rapidly deteriorating operating environment."
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JUST IN: ChatGPT creator OpenAI launches GPT-4, its most powerful AI model.
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JUST IN: πΊπΈ California Governor failed to disclose personal ties to Silicon Valley Bank $SIVB while lobbying for a bailout.
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JUST IN: Silicon Valley Bank $SIVB donated $73,450,000 to "Black Lives Matter Movement & Related Causes."
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JUST IN: Largest shareholder of Credit Suisse, a bank with $578 billion in assets, says it can't provide more financial support.
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JUST IN: $10 trillion asset manager BlackRock CEO says more bank seizures could occur after Silicon Valley Bank.
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JUST IN: πΊπΈ FED swaps now shows a 100 BPS rate cut by December from its expected peak.
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JUST IN: $578 billion-asset bank Credit Suisse CEO says their "liquidity base is strong."
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JUST IN: Credit Suisse asks Swiss central bank for a public show of support.
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