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

Stocks making the biggest moves premarket: Lockheed Martin, Northrop Grumman, Gap, Alcoa & more

January 8, 2026

Check out the companies making the biggest moves in premarket trading: Defense stocks — Defense stocks jumped after President Donald Trump called for a defense budget of $1.5 trillion in 2027, saying in a Truth Social post he wanted to build a “Dream Military.” Lockheed Martin and L3Harris Technologies rallied 8%, while Northrop Grumman soared […]

Finance

JPMorgan reaches deal to become Apple credit card issuer, source says

January 7, 2026

In this article JPM GS Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the 2025 IIF annual membership meeting in Washington, DC, US, on Thursday, Oct. 16, 2025. Samuel Corum | Bloomberg | Getty Images JPMorgan Chase has reached a deal to become the new Apple […]

Finance

JPMorgan’s asset management will no longer use controversial proxy advisors for shareholder votes

January 7, 2026

Key Points JPMorgan said its asset management unit is fully eliminating the use of proxy advisors. The firm will instead use artificial intelligence to aggregate and analyze proxy data. Source