CNBC Daily Open: SVB deposits and loans find a buyer
First Citizens bank agreed to buy Silicon Valley Bank’s deposits and loans, suggesting there is still confidence in the U.S. banking sector.
Worried about your kids and A.I.? Experts share advice — and highlight the risks to look out for
AI is all the rage, but there are concerns it could be a double-edged sword, especially when it comes to kids. Experts tell CNBC Make It how to mitigate them.
First Citizens shares soar 50% after the bank buys a large chunk of failed Silicon Valley Bank
The deal will see First Citizens BancShares purchase approximately $72 billion of SVB assets at a discount of $16.5 billion.
‘The first bank crisis of the Twitter generation’: The pressure on banks is very different from 2008
Credit Suisse and Silicon Valley Bank may have collapsed but a financial crash today would be very different to the 2008 crisis.
Germany is overhauling its immigration rules to bolster a rapidly shrinking workforce
Germany is poised to pass a new nationality law that will make it easier for foreigners to gain citizenship.
Fed’s Kashkari says stress in banking sector brings the U.S. closer to recession
Recent banking turmoil could bring the U.S. closer to a recession, Minneapolis Fed President Neel Kashkari said in an interview with CBS’ “Face The Nation.”
Pfizer signs agreement with China on improving health coverage in the country
U.S. pharma giant Pfizer has signed an agreement with China to cooperate on improving the country’s health coverage, according to the company.
China’s debt-heavy local governments look for new ways to raise cash
Debt-heavy local governments in China need new ways to raise money under a central regime keen on reducing financial risks.
‘Sell into rallies’: Morgan Stanley names the stocks to navigate current European banking jitters
Morgan Stanley strategists recommend 10 defensive stocks to own right now while selling European bank stocks “into any material rally”.
