Why regulators seized Signature Bank in 3rd-most important financial institution failure in U.S. historical past

Key Details

On Friday, Signature Financial institution prospects spooked by the sudden collapse of Silicon Valley Financial institution withdrew additional than $10 billion in deposits, a board member informed CNBC.
That operate on deposits quickly led to the third-biggest bank failure in U.S. record. Regulators declared late Sunday that Signature was remaining taken above to safeguard its depositors and the security of the U.S. economic technique.
“I assume aspect of what transpired was that regulators needed to mail a extremely sturdy anti-crypto information,” claimed board member and previous congressman Barney Frank.

Source

Stock and crypto trading site eToro prices IPO at per share ahead of Nasdaq debut

Finance

Stock and crypto trading site eToro prices IPO at $52 per share ahead of Nasdaq debut

May 13, 2025

Key Points Israel-based stock brokerage platform eToro said it has priced shares at $52 for its IPO, above its expected range of $46 to $50. The retail trading platform filed for an IPO in March, but as tariff uncertainty rattled markets, the company temporarily shelved ITS plans. EToro scrapped a prior effort to go public […]

Finance

Stocks making the biggest moves midday: Nvidia, Boeing, Coinbase, First Solar and more

May 13, 2025

Check out the companies making the biggest moves midday: Nvidia — The chipmaker jumped 6% following the announcement it will sell more than 18,000 of its artificial intelligence chips to Saudi Arabian company Humain to be used in the latter’s 500 megawatt data center. UnitedHealth Group — The insurance stock tumbled 16% to trade at […]

Finance

Here’s the inflation breakdown for April 2025 — in one chart

May 13, 2025

Key Points The consumer price index declined to 2.3% in April from 12 months earlier, the lowest reading since February 2021. However, tariffs levied by President Donald Trump are expected to re-ignite inflation as soon as next month, according to economists. Prices declined for categories like gasoline, groceries, apparel, used cars and airline fares during […]