Financials

Charles Schwab's chief financial officer moved to reassure investors as the stock tumbled in the wake of Silicon Valley Bank's implosion and amid possible contagion fears.

Robert Kiyosaki, who originally forecasted the Lehman 2008 crisis, predicts the next bank to collapse in the Silicon Valley Bank contagion will be Credit Suisse.

The Federal Reserve incentivized bad behavior and "bloodcurdling irresponsibility" that enabled Silicon Valley Bank's collapse, according to The Bear Traps Report's Larry McDonald.

Customers were shut out after the FDIC seized Silicon Valley Bank on Friday, but regulators say funds will be available on Monday for insured customers.

Silicon Valley Bank is fighting for survival as investors jump ship threatening the future of one of venture capital's most prominent financial firms.

Twitter users mocked the IRS's confounding rule about thieves and drug dealers needing to report the fair market value of any stolen property or drug income.

Silicon Valley Bank lost over half its value after investors bailed on the shares following plans for a large capital raise.

JPMorgan Chase & Co. faces two lawsuits regarding its ties to Jeffrey Epstein, with allegations that the bank was responsible for enabling him as it retained Epstein as a client.

WeWork, the workplace rental company is reportedly in talks with Yardi Systems to restructure debt.

Salesforce hopes that the improved profitability it has gained from layoffs, especially in its Mergers and Acquisitions group will ward off attacks by activist investors.

Instacart had higher sales and profit in Q4 as it continues to float an IPO. Instacart has waited since late 2022 for a more cooperative market before going public.

Bank of America recorded $1.2 billion in fines, settlements and expenses in 2022, topping the costs paid the previous two years.

A billionaire financier was reportedly found dead Thursday inside his New York City office.

If working 25 hours a day, eight days a week makes you uncomfortable, then "Shark Tank's" Kevin O'Leary says "don't even try" to become a successful entrepreneur.

Adidas is warning that the German sportswear company could be headed to a loss in 2023 if it can't sell its inventory of Yeezy shoes. The company cut ties with rapper Ye in October.

The Walt Disney Co. will report its latest fiscal fourth-quarter results after the market closes Wednesday as returning CEO Bob Iger faces several issues.

To prevent cows from burping methane emissions, Bill Gates has invested millions into a startup that's developing a dietary supplement which is fed to livestock.

JPMorgan Chase, Citibank, Wells Fargo, and Bank of America earnings reports on Friday beat expectations

Wells Fargo suffered a 50% profit loss during the fourth quarter last year after a $3 billion penalty was assessed by a government agency for a six-year loan mismanagement scandal.

Assets under management stood at $8.59 trillion at the end of the quarter, down from a little more than $10 trillion a year earlier but up from $7.96 trillion in the third quarter.