SVB’s new CEO urges shoppers to ‘help us rebuild our deposit base’

Essential Details

Tim Mayopoulos, who was appointed by regulators to operate SVB, despatched an e mail to customers on Tuesday telling them the financial institution is “open for small business.”
Mayopoulos urged shoppers who moved their deposits in other places to “remember to take into account moving some of them again as portion of a secure deposit diversification system.”
SVB was seized by regulators on Friday after a operate on the 40-year-previous lender.

Source

Finance

Citadel’s various hedge funds rise in February, beating the S&P 500 in a choppy month

March 2, 2026

Ken Griffin, CEO of Citadel LLC speaks on Squawk on the Street at the World Economic Forum in Davos, Switzerland on Jan. 21, 2026. Oscar Molina | CNBC Billionaire investor Ken Griffin’s various hedge funds at Citadel generated positive returns in February, navigating a volatile month for markets as macro uncertainty and disruption from artificial intelligence […]

Finance

Stocks making the biggest moves premarket: Exxon Mobil, Lockheed Martin, United Airlines & more

March 2, 2026

Check out the companies making headlines before the bell. Defense stocks 一 The group rose after a joint U.S.-Israeli attack on Iran over the weekend, that was met with retaliation by the oil producing giant. Lockheed Martin shares also gained 6%, while Northrop Grumman was up 5%. Drone maker AeroVironment jumped more than 10%. Oil stocks […]

Finance

Khamenei’s death raises questions about Trump’s China trip

March 2, 2026

Key Points U.S. strikes on Iran raised doubts about Trump’s planned visit to China. Prediction markets showed increased bets on a greater likelihood of a delayed Trump trip. Analysts said trade talks may outweigh geopolitical tensions for both sides. Source