Auction procedure is reportedly underway to discover a customer for Silicon Valley Bank

Crucial Factors

Silicon Valley Financial institution was taken around by regulators on Friday right after substantial withdrawals a working day earlier made a lender run.
The Federal Deposit Coverage Company took manage of the financial institution on Friday, and started an auction process on Saturday evening, in accordance to a report from Bloomberg Information.
It is continue to probable that no offer is reached, the report stated.

Resource

Finance

Morgan Stanley slated to release third-quarter earnings

October 15, 2025

Key Points Wall Street-centric banks like Morgan Stanley and peer Goldman Sachs are in an ideal environment. Wall Street trading desks have seen booming activity in the quarter, while investment banking continues to see a resurgence in activity for mergers and IPOs. Shares of Morgan Stanley have climbed almost 24% this year. Source

Finance

Stocks making the biggest moves midday: Albertsons, Nova Minerals, Wells Fargo, Polaris & more

October 14, 2025

Check out the companies making the biggest moves midday: Nova Minerals — The miner soared 83%, on pace for its best day ever, after it said the Australian ambassador to the U.S. approached the company regarding its Estelle Gold and Critical Minerals Project in Alaska. “This briefing is in preparation for the upcoming meeting between […]

Finance

Watch Fed Chair Powell speak live on policy at the NABE conference in Philadelphia

October 14, 2025

[The stream is slated to start at 12:20 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.] Federal Reserve Chair Jerome Powell delivers the keynote speech Tuesday at the National Association for Business Economics conference in Philadelphia. Markets are looking […]