Matches Made in Crisis, Tim Cook in Beijing, & Losses at the Saudi National Bank 03/27/23
First Citizens will buy Silicon Valley Bank’s deposits and loans, prompting a stock rally in regional banks. Lawmakers are gearing up to question Federal Reserve officials about the banking crisis on ...
27 Mar 202328min
TikTok’s Grilling & Europe’s Banking Contagion 03/24/23
Lawmakers grilled TikTok CEO Shou Zi Chew on data, the platform’s relationship with Chinese owner Bytedance, and content moderation. Stanford University Geopolitics and Technology Adviser Jacob Helber...
24 Mar 202334min
Hike #9, Winning AI, & the SEC’s Celebrity Targets 03/23/23
The Federal Reserve announced a rate hike of 25 basis points, its ninth consecutive hike in the last year. Chair Jerome Powell softened his tone on the central bank’s aggressive hiking policy, and the...
23 Mar 202337min
Lloyd Blankfein: Market Stability & Fed-spectations 03/22/23
In an extended interview, former Goldman Sachs CEO Lloyd Blankfein discusses the fine line for Federal Reserve Chairman Jay Powell, who prepares to speak to markets and investors today. Blankfein disc...
22 Mar 202337min
Time for a Time Out? Former Fed Governor Kevin Warsh 03/21/23
JPMorgan is advising First Republic on strategic alternatives, after JPM and 10 other banks announced a $30B deposit into the embattled bank. Treasury Secretary Janet Yellen lauded the move, but told ...
21 Mar 202336min
An Emergency Swiss Rescue, A Liquidity Crunch, & ‘We Love NYC’ 03/20/23
The Swiss government has helped broker a deal for UBS to acquire its embattled rival Credit Suisse in an “emergency rescue” to curb global contagion in the financial sector. Joe Kernen, Becky Quick, a...
20 Mar 202342min
The Week That Was: A Bank Crisis, IRS Records, & The Next Fed Decision 03/17/23
Joe Kernen and Andrew Ross Sorkin digest the chaotic week that was: banks in crisis, markets in tumult, and the Fed under pressure. Lazard’s Peter Orszag unpacks the instability in our financial ecosy...
17 Mar 202335min
A Swiss Lifeline, the Rate Hike Risk, & Threatening TikTok 03/16/23
Credit Suisse gets a lifeline! CNBC’s Geoff Cutmore reports on the Swiss Central Bank’s backstop for banking contagion, and CNBC’s Steve Liesman explores how this week of financial instability affects...
16 Mar 202331min
