Economy & Markets
The important economic and stock market news that advisors need to know.
Schwab Stock Pares Decline After Brokerage Seeks to Calm Investors
By Silla BrushSchwab, like SVB, has a large investment securities portfolio and is sitting on significant paper losses in its held-to-maturity books.
March 13, 2023
Bank-Rescue Doubts Persist as First Republic Shares PlummetThe company's stock plunged a record 70% Monday morning.
March 12, 2023
U.S. Rushes to Avert Crisis With SVB Deposit Guarantee, Bank FundFederal authorities moved to address concerns Sunday, when Signature Bank was closed by state regulators.
March 11, 2023
SVB's Auction Block Includes Wealth Unit, Fund ManagerThe unit had $17 billion in assets, including from clients gained in its 2021 acquisition of Boston Private.
March 10, 2023
S&P 500 Close to Wiping Out 2023 GainsAs risk assets got pummeled, the U.S. stock benchmark headed toward its worst week since September.
March 10, 2023
Silicon Valley Bank Collapses in Biggest Failure Since 2008Its problems mounted after Peter Thiel and other venture capitalists advised companies to pull money from the bank.
March 09, 2023
Stocks Sink to 7-Week Low as Banks ClobberedBank stocks came under fire after Silvergate Capital Corp. collapsed overnight, stoking concerns of broader dangers.
March 09, 2023
Look for Record-Breaking Annuity Sales in Q1: LIMRAVolatility-conscious consumers paid a record $209.9 billion for fixed annuities last year, and they're not done yet.