JUST IN: Facebook $META to fire 10,000 employees.

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JUST IN: 🇺🇸 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: Signature Bank $SBNY sued by shareholders for fraud.

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JUST IN: ChatGPT creator OpenAI launches GPT-4, its most powerful AI model.

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JUST IN: 🇺🇸 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: 🇺🇸 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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Bitcoin ad on display in front of Silicon Valley Bank HQ.

"Be your own bank"

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JUST IN: S&P downgrades First Republic Bank $FRC rating to "junk."

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JUST IN: Credit Suisse asks Swiss central bank for a public show of support.

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JUST IN: Ethereum-based Uniswap launches on Binance BNB Chain.

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JUST IN: 🇨🇭 Switzerland holds discussions on options to stabilize Credit Suisse $CS.

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JUST IN: 🇨🇭 Swiss National Bank will provide liquidity to Credit Suisse $CS if necessary.

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JUST IN: 🇺🇸 Federal Reserve to launch 'FedNow' instant payments system in July.

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JUST IN:🇨🇭Credit Suisse $CS to borrow up to 50 billion Swiss Francs from the Swiss central bank.

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JUST IN: Sam Bankman-Fried received $2.2 billion from FTX while CEO, court filings reveal.

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JUST IN: 🇺🇸 $2 trillion could be injected into the US banking system by the Federal Reserve's emergency loan program, JPMorgan says.

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