Billionaire investor Ken Griffin’s hedge fund Citadel has taken a 5.3% stake in Western Alliance Bancorp, a filing showed.
Club meeting recap: Cramer says Meta is ‘rapidly becoming my favorite stock’
The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.
Tyson Foods to lay off 1,700 workers, close two chicken plants
In its latest quarter, Tyson said its chicken business underperformed expectations.
Sellers are targeting this bank because of its deposit mix, but Citi says it’s a buy
Comerica’s deposit mix has a key difference from Silicon Valley Bank’s, according to a Citi analyst.
Top banking analyst Mike Mayo sees this regional bank gaining deposits from the crisis
Wells Fargo analyst Mike Mayo is confident that PNC is well-positioned for gains following an onsite meeting with PNC’s CEO and other top executives.
Crypto exchange Binance to halt sterling transfers
Binance is halting its sterling deposits and withdrawals, a company spokesperson said on Tuesday, a month after the world’s largest crypto exchange ceased dollar transfers.
These are the top 10 cities where the ‘super-rich’ own homes — 6 are in the U.S.
An Altrata report found that U.S. cities had a total of 6 of 10 spots where the most ultra-high-net-worth individuals own a primary or secondary home.
Novo Nordisk to slash U.S. insulin prices by up to 75%, following move by Eli Lilly
Novo Nordisk is planning to slash the price of several insulin drugs by up to 75% in the U.S., following a similar move by Eli Lilly.
Moody’s cuts outlook on U.S. banking system to negative, citing ‘rapidly deteriorating operating environment’
The firm, part of the big three rating services, said it was making the move in light of key bank failures.
SEC and Justice Department are investigating SVB’s collapse, including insider stock sales
The probes are looking into the stock sales that SVB executives’ conducted ahead of the tech-focused bank’s collapse.