The Latest Breaking News from SVB Financial Group

Kuwait's central bank said on Sunday there would be very little impact on local lenders from the collapse on Friday of Silicon Valley Bank (SVB). The Kuwaiti central bank governor said that the exposure of the local banks to SVB was very limited and that the banks assured him that…

U.S. regulators overseeing the emergency breakup of SVB Financial Group are racing to sell assets and make a portion of clients’ uninsured deposits available as soon as Monday, according to people with knowledge of the situation.

Regulators have shut down the California bank, considered the backbone of startups and venture capital firms in Silicon Valley.

The recent hawkish comments from Fed chair Powell have increased expectations of more interest rate hikes this year. Economists believe that aggressive rate hikes will eventually lead to a recession. Amid an uncertain macroeconomic backdrop, it could be wise to avoid pricey stocks Take-Two Interactive Software (TTWO) and SVB Financial…

Did you miss the huge run in S&P 500 moneymaker stocks up 35% this year? Don't worry. Many are still way down.

Gainers Altamira Therapeutics Ltd. (NASDAQ: CYTO) surged 67% to $0.5484 after the company announced divestiture of its inner ear development assets.

Upgrades

Banks benefit from rising interest rates as they enjoy higher interest margins. However, not all bank stocks are well-positioned to capitalize on the rising interest rate environment. Despite the industry tailwinds, weak profitability, and higher-than-industry valuation of First Republic Bank (FRC), Signature Bank (SBNY), Webster Financial (WBS), and SVB Financial…

A rising interest rate environment bodes well for banks and financial institutions. However, the shares of regional bank SVB Financial (SIVB) have declined more than 35.9% in price year-to-date, and analysts expect its EPS to decline 11.1% in the current quarter. So, is SIVB currently a good investment? Read on…