Stocks

Investors looked to move their assets to safety by depositing cash into money market funds due to bank stability concerns. It's the largest inflow since the COVID-19 pandemic.

Swiss National Bank indicated in a statement Wednesday with the Swiss Financial Market Supervisory Authority it would step in to back Credit Suisse if necessary.

Royal Caribbean was forced to offer refunds after it said there was an error with its online package booking system that allowed guests to purchase a product that wasn't available.

Credit Suisse saw its stock sink to a record-low price level Tuesday in the morning, with shares for the bank subsequently being priced around $2.50 by afternoon.

Credit Suisse on Tuesday published its annual report for 2022 saying it identified "material weaknesses" in controls over financial reporting and not yet stemmed customer outflows.

Fresh worries related to Swiss bank Credit Suisse bruised investor sentiment, with U.S.-listed shares of the bank sliding 21.9% and set to open at a record low.

Nike has announced that it will end the practice of using kangaroo skins in the production of its shoes.

Silicon Valley Bank sold its bond portfolio last week to Goldman Sachs, a move that reportedly set SVB failure in motion and caused depositors to flee.

AMC Entertainment shareholders approved a 10-for-1 reverse stock split and a plan to convert APE units into common shares.

Regional bank shares rose sharply on Tuesday amid easing fears over a broader financial crisis triggered by the collapse of Silicon Valley Bank last week.

Former Treasury Secretary Larry Summers said Silicon Valley Bank made an "elementary" mistake in banking that led to its collapse and takeover by federal regulators.

Charles Schwab's chief financial officer moved to reassure investors as the stock tumbled in the wake of Silicon Valley Bank's implosion and amid possible contagion fears.

First Republic Bank and other regional banks saw steep losses on Monday after the collapse of Silicon Valley Bank raised fears about the financial system.

Consumer and producer inflation data will be closely watched in the coming week along with the ongoing fallout of Silicon Valley Bank as questions mount on how the financial institution collapsed so rapidly.

Etsy sent out an email Friday to its sellers informing them of the transaction freeze, and some have complained that they cannot do anything until Monday morning.

Days before Silicon Valley Bank collapsed, the bank praised itself for being named onForbes magazine's annual ranking of "America's Best Banks" for five years in a row.

Video shows customers lining up outside a Silicon Valley Bank location in Menlo Park, California, on Friday. The bank was seized by California regulators after it went insolvent as customers rushed to access their deposits.

Customers were shut out after the FDIC seized Silicon Valley Bank on Friday, but regulators say funds will be available on Monday for insured customers.

Greg Becker is a 30-year veteran of Silicon Valley Bank who started as a loan officer and later became president and CEO of SVB Financial Group in 2011.

Silicon Valley Bank, the 16th largest bank in the U.S., collapsed on Friday, marking the worst bank failure since the fall of Washington Mutual during the Great Recession in 2008.