Oil prices decline Monday, with crude feeling pressure as investors sort through fears of a financial crisis following the collapse of Silicon Valley Bank.
Oil futures fell Monday as investors attempted to get a grip on the fallout from the collapse of Silicon Valley Bank.
Price actionMarket drivers Regulators... Oil futures fell Monday as investors attempted to get a grip on the fallout from the collapse of Silicon Valley Bank. Price action Market drivers Regulators late Sunday guaranteed all deposits at SVB and Signature Bank, while the Federal Reserve announced a new facility aimed at ensuring customers at all banks would have access to their deposits as they attempted to stave off a series of bank runs.
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JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - AxiosJPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources.
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Silicon Valley exhales after US intervenes in SVB collapseA wave of relief swept over Silicon Valley Sunday following a tense weekend of board meetings, emergency funding plans and pleas for help after regulators stepped in to backstop the region’s embattled namesake bank.
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Silicon Valley Firms Expect Changes in Financial Methods After SVB DisasterStartups and venture investors voice relief at federal decision to protect Silicon Valley Bank depositors, but see need for new banking practices
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Fed to hold emergency meeting on Monday amid SVB's swift collapse By Investing.com*FED TO HOLD EMERGENCY MEETING ON MONDAY AMID SVB'S SWIFT COLLAPSE -
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FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News saysThe Federal Deposit Insurance Corporation (FDIC), which is overseeing the emergency breakup of SVB Financial Group , is racing to sell assets and make a portion of clients' uninsured deposits available as soon as Monday, Bloomberg News reported on Saturday, citing people with knowledge of the situation.
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