News

HSBC builds innovation division from the bones of collapsed SVB UK

HSBC unveiled its new HSBC Innovation Banking unit Monday, following its eleventh-hour rescue of the U.K. subsidiary of SVB in March.

UBS says it has completed the takeover of stricken rival Credit Suisse

Swiss bank UBS released an open letter Monday saying that it had formally completed the takeover of its rival Credit Suisse.

Investors are eyeing China's neighbors as the recovery from 'zero-Covid' slows

Stock markets in South Korea, Japan and India are beneficiaries of the disappointing economic data that has clipped confidence in China.

Ad sales in China are pointing to a soft recovery for the consumer

Businesses in China are spending cautiously on advertising this year as local consumption isn't expected to bounce back for a while yet.

Here's what's hot — and what's not — in fintech right now

What's hot in fintech right now? And what's not? CNBC spoke to some of the top industry insiders at Money 20/20 in Amsterdam. Here's what they had to say.

Stocks making the biggest moves midday: Sonoma Pharmaceuticals, Braze, Adobe and more

These are the stocks posting the largest moves in midday trading.

JPMorgan bond chief Bob Michele sees worrying echoes of 2008 in market calm

Economic crosscurrents have divided the investing world into roughly two camps: Those who see a soft landing, and those who envision something far worse.

Ron Insana says an AI bubble may be forming, but we're not there yet

While it's true that a handful of stocks have enjoyed rallies, the intense interest in Generative AI has not yet generated a bubble, Insana says.

Stocks making the biggest moves premarket: Target, Tesla, General Motors, DocuSign and more

These are the stocks posting the largest moves in premarket trading.

UBS and the Swiss government sign loss protection agreement over Credit Suisse takeover

UBS and the Swiss government announced Friday that they had signed a loss protection agreement which will come into effect once the takeover of Credit Suisse is completed.

China can't rely on Southeast Asian exports to offset a U.S. slowdown

China's exports to the U.S. and Southeast Asian countries fell sharply in May.

Banks are cutting off Binance's access to U.S. banking system, exchange says

Binance's banking partners will "pause" Binance.US' access to US dollar deposits as soon as next week, after the SEC filed charges against the exchange.
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