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☆ Stock market today: Indexes edge lower after hitting records on cooling inflation
▼ + stars: | 2024-06-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks dipped on Friday after the S&P 500 and Nasdaq 100 reached record highs four days in a row. Investors expect the Federal Reserve to begin cutting interest rates at its September FOMC meeting. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Friday's decline in stocks was preceded by a sharp decline in European stocks, as recent election results continue to make waves in France and Germany. The market currently expects the Fed to begin cutting interest rates at its September FOMC meeting.

Persons: Loretta Mester, —, DAX, Austan, Mester Organizations: Nasdaq, CNBC, Investors, Federal Reserve, Service, University of Michigan, Fed, Here's Locations: France, Germany

☆ The right-wing surge in EU Parliament could have implications for Europe and beyond
▼ + stars: | 2024-06-09 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Right-wing parties across Europe have seen a surge in support over recent years and are set for record gains in the 2024 European Parliament elections. Meanwhile, an emboldened ID party could apply pressure on Parliament to alter its stance on other contentious issues. Here's a look at how these shifts could impact EU policy. "The incoming Commission and Parliament are likely to continue the trend towards greater protectionism and intervention in strategic industries, although the EU will remain an open, trade-dependent economy," they wrote. EU enlargementElsewhere, enlargement of the EU could face further setbacks with a larger euroskeptic presence in Parliament.

Persons: Sean Gallup, Armida van Rij, Chatham House thinktank, Verisk, Mario Bikarski, Laurent Balt, van Rij, Dorien Rookmaker, Balt Organizations: Getty, Populist, Sunday, Greens, European Free Alliance, European People's Party, EPP, European Conservatives, Eurasia Group, Chatham House, CNBC, Immigration, Citi, ECR, EU Locations: Europe, Ukraine, Russia, China, U.S

Police confront environmental activists in a forest near the Tesla Gigafactory electric car factory near Gruenheide, Germany, May 10, 2024. Climate protesters angry about Tesla's plans to expand its Berlin-Brandenburg Gigafactory in Germany tried to break into the plant on Friday, according to a statement from local police. "Multiple unauthorized people are trying to enter the ground of the Tesla factory," Brandenburg police said via X Friday. "The situation is dynamic," a Brandenburg police spokesperson told CNBC Friday, adding that there have been multiple roadblocks in the area due to the demonstrations. A Tesla spokesperson was not immediately available for comment when contacted by CNBC.

Persons: Tesla Organizations: Brandenburg, CNBC Locations: Gruenheide, Germany, Berlin, Brandenburg

☆ Russia's war in Ukraine is igniting an old debate in Brussels over debt
▼ + stars: | 2024-02-19 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

Munich, GERMANY — Should we borrow from global markets as one combined entity and raise new debt together? That's the question hanging on the shoulders of EU officials as they promise to spend more on defense amid Russia's onslaught in Ukraine. However, in 2020, the 27 members of the European Union decided that the best way to deal with the financial and extraordinary impact of the Covid-19 pandemic was to jointly raise debt. Estonian Prime Minister Kaja Kallas said in an interview with Bloomberg that joint bonds would be a good way to boost the bloc's defense capacities. Dutch Prime Minister Mark Rutte was also very clear he would not support joint debt at the EU level.

Persons: Emmanuel Macron, Volodymyr Zelenskyy, Olaf Scholz, GERMANY —, Alexander de Croo, Kaja Kallas, Christian Lindner, Lindner, Mark Rutte Organizations: European Union, CNBC, Munich Security Conference, Estonian, Bloomberg, Munich Security, Dutch, EU, MSC Locations: Paris, France, Munich, GERMANY, Ukraine, Belgium, Brussels, Russia

☆ Hindenburg's latest short target Temenos rejects allegations as share price tumbles
▼ + stars: | 2024-02-16 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Shares in Swiss software company Temenos were down over 6% on Friday afternoon, extending Thursday's losses when they closed over 28% lower. Temenos on Thursday released a statement saying its board of directors "fundamentally refutes" a report by short-seller Hindenburg Research. Temenos shares were down 6.1% at 1:17 p.m. London time, trading around 59.66 Swiss francs ($67.67). In its statement, Temenos said Hindenburg's report "contains factual inaccuracies and analytical errors, together with false and misleading allegations ... Its Adani report, published in early 2023, accused the company of "brazen stock manipulation and accounting fraud scheme over the course of decades."

Persons: Temenos, Hindenburg Research's, Hindenburg, Carl Icahn's Icahn, Adani Organizations: New York Stock Exchange, Hindenburg, CNBC Friday, Investment, Carl Icahn's Icahn Enterprises, Adani, Securities, Exchange Board Locations: London, Temenos, India

☆ Treasury's new Hamas sanctions target middlemen, shell companies
▼ + stars: | 2023-10-27 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +3 min

The United States Treasury Department announced a new round of sanctions targeting Hamas' fundraising network Friday, the department's second attempt to block Hamas' money supply since the Oct. 7 terrorist attacks that killed 1,400 Israelis and saw another 200 Israelis taken hostage. Speaking from Doha, he said Treasury officials have stepped up their efforts to stop the money flow to Hamas in recent days. "While Hamas itself has been under sanctions for decades, we must go after new, emerging shell companies, middlemen, and facilitators," he said. "If they do not act to prevent illicit financial flows, the United States and our partners will." The charity, "serves as a recruiting tool for terrorist activities," Treasury said in its sanctions announcement.

Persons: Brian Nelson, Nelson, Wally Adeyemo, Adeyemo, Mahmud Hams, Matt Levitt, Levitt Organizations: United States Treasury Department, Treasury, Terrorism, Financial Intelligence, CNBC, Brigades, Afp, Getty, Iran's Revolutionary Guard, Bank, Charity Association, Washington Institute for Near East, Capitol, Hamas Locations: Saudi Arabia, Qatar, Gulf, Doha, London, United States, Gaza City, Gaza, Mahmud, Turkey, Spain, Sudan

☆ Team Biden barely responds to Democrat Dean Phillips' longshot primary challenge
▼ + stars: | 2023-10-27 | by ( Emma Kinery | ) www.cnbc.com time to read: +4 min

Allies of President Joe Biden barely acknowledged Phillips' formal entrance into the race this week. In a prepared response to Phillips' announcement, Biden 2024 campaign spokesman Kevin Munoz did not even mention him by name. WASHINGTON — For team Biden, Rep. Dean Phillips , the Minnesota Democrat who launched a longshot primary challenge against the president, is barely a blip on the radar. "I'm not running against Joe Biden. I'm not running against President Biden," he said on MTP Now.

Persons: Joe Biden, Georgia Jon Ossoff, Raphael Warnock, Phillips, Biden, Kevin Munoz, Dean Phillips, David Scanlan, Atlanta Mayor Andre Dickens, Dickens, Donald Trump, Dean, Brendan Boyle, Boyle, Kristen Welker, Karine Jean, Pierre, Jean, it's, I'm Organizations: Democratic U.S, New, Democratic, Democrats, Democratic National Committee, South Carolina, WASHINGTON —, Minnesota Democrat, U.S . Rep, Statehouse, Biden, CNBC, Atlanta Mayor, Republican, Press, White House Press Locations: Georgia, Atlanta , Georgia, Granite, South, WASHINGTON, New Hampshire, Concord , New Hampshire, United States

☆ Fed's Bostic: possible Fed could lower rates in late 2024 - CNBC
▼ + stars: | 2023-10-20 | by ( Michael S. Derby | ) www.reuters.com time to read: +1 min

FILE PHOTO: President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. But that’s possible next year, and “I would say late 2024” is on the table for an easing, Bostic said. The policymaker, who does not hold a vote on the rate setting Federal Open Market Committee this year but will next year, has said in recent remarks he believes the Fed is done raising rates. Bostic said in the television appearance that information he’s picking up points to an economy which, while still possessing forward momentum, is losing speed. “When I talk to businesses, they all tell me the slowdown is coming,” Bostic said.

Persons: Federal Reserve Bank of Atlanta Raphael, Bostic, Clodagh, Raphael Bostic, “, ” Bostic, ”, “ I’ve, he’s Organizations: Federal Reserve Bank of Atlanta, REUTERS, CNBC Locations: Dublin, Ireland

☆ JetBlue raises flight attendant pay, union agrees to support merger with Spirit
▼ + stars: | 2023-09-29 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

JetBlue Airways said it will raise flight attendant pay next year and provide other bonuses to staff while the union representing cabin crews agreed to support the carrier's plan to acquire budget carrier Spirit Airlines . Starting in November, flight attendants will get 5% raises. Including another 2% raise, a slate of other incentives and previously negotiated raises under flight attendants' union contract, their raises in 2026 will compound to 21.5% increases, according to a company memo, which was seen by CNBC Friday. The raises come as the New York-based carrier is in the process of trying to acquire Spirit, a merger the Justice Department has sued to block. JetBlue agreed not to furlough or displace any flight attendants or close any associated bases for seven years after a potential acquisition of Spirit goes through, the memo said.

Persons: JetBlue didn't Organizations: JetBlue Airways, Spirit Airlines, CNBC, Justice Department, JetBlue, Transport Workers Union Locations: New York, Boston

☆ Striking auto workers want a 40% pay increase—the same rate their CEOs' pay grew in recent years
▼ + stars: | 2023-09-15 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

The union proposed 40% hourly pay increases over the next four years. Meanwhile, Ford CEO Jim Farley earned $21 million in total compensation last year, the Detroit News reported. Stellantis CEO Carlos Tavares made $24.8 million, according to the Detroit Free Press. And GM CEO Mary Barra earned nearly $29 million in 2022 pay, Automotive News reported. CEO pay at the Big Three has grown 40% in the last decade, according to EPI — in line with the UAW's demands for 40% pay increases for autoworkers.

Persons: Autoworker, Jim Farley, Carlos Tavares, Mary Barra, Josh Bivens, EPI, Shawn Fain, Ford, Barra Organizations: United Auto Workers, Detroit, Ford, GM, CNBC, Bureau of Labor Statistics, CBS, Detroit News, Detroit Free Press, Automotive News, NPR, autoworkers, UAW

☆ Goldman Sachs gains 1% as CEO addresses investor concerns. Here's what the pros say
▼ + stars: | 2023-09-08 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs gains 1% as CEO addresses investor concerns. Here's what the pros sayJim Cramer, Mike Mayo of Wells Fargo, Steve Weiss of Short Hills Capital and Jason Snipe of Odyssey Capital Partners discussed Goldman Sachs after CEO David Solomon talked with CNBC Friday morning about recent negative reports on his management style and workplace culture.

Persons: Goldman Sachs, Jim Cramer, Mike Mayo, Steve Weiss, Jason Snipe, David Solomon Organizations: Short Hills Capital, Odyssey Capital Partners, CNBC Locations: Wells Fargo

☆ Here's why this cyber leader still has more room to run, despite recent share-price volatility
▼ + stars: | 2023-08-25 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

But while Palo Alto's share price may be seesawing, the company's underlying business fundamentals and its future growth prospects remain intact. Shares of Palo Alto were up more than 1.4% in afternoon trading Friday, at roughly $230.70 apiece. Palo Alto "is winning business from everybody, and it was one of the most impressive, albeit long, conference calls that I've ever been on." UBS lifted its price target on Palo Alto stock to $260 a share, from $220, while maintaining a neutral rating. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

Persons: Palo, CNBC Jim Cramer, Fortinet, Jim, Roger Boyd, Jim Cramer's, Jim Cramer, David Paul Morris Organizations: Palo Alto Networks, Palo, CNBC, Palo Alto, Sales, ISI, Bank of America, Deutsche Bank, RBC Capital Markets, UBS, RBC, Alto Networks, Bloomberg, Getty Locations: Palo Alto, Palo, Santa Clara , California, U.S

☆ Wall Street awaits hotly anticipated Nvidia earnings. What the pros say to do next
▼ + stars: | 2023-08-18 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions on Nvidia from investors and analysts. The experts discussed the chipmaker as it prepares to release its second-quarter financial results Wednesday. This comes after Nvidia catapulted to a $1 trillion market cap in the days following their last earnings report. Rosenblatt Securities upped its price target to $800 per share , the highest on Wall Street. Hans Mosesmann, the analyst who made the call , told CNBC Friday that 'an AI cycle the likes never seen before will help Nvidia nearly double in value.'

Persons: Hans Mosesmann, Jim Cramer's Organizations: Nvidia, Rosenblatt Securities, CNBC, Trust

☆ Top Republican China hawk says White House investment restrictions fall short
▼ + stars: | 2023-08-18 | by ( Chelsey Cox | ) www.cnbc.com time to read: +5 min

WASHINGTON — A leading House Republican voice on the national security threat posed by China said the White House's plan to restrict outbound investment in the Chinese military and defense companies falls short of addressing the real problem. The Wisconsin Republican is the chairman of the House Select Committee on the Chinese Communist Party and a leading voice in the House on the risks of U.S. investment in China. The House CCP Committee has flagged around 50 firms, including machinery, aircraft and technology firms and created a de facto blacklist. Yellen has already signaled that she intends to keep any investment restrictions "narrowly targeted" to protect U.S. national security, and insists they are not intended to weaken China's economy. "Even though these policies may have economic impacts, they are driven by straightforward national security considerations," she said in an April speech.

Persons: Mike Gallagher, WASHINGTON —, Joe Biden's, Gallagher, Janet Yellen, Yellen Organizations: U.S, Capitol, Republican, Treasury Department, Wisconsin Republican, Chinese Communist Party, CCP, The, House CCP, BlackRock, CNBC, White House Locations: China, United States, Wisconsin, Mexico, Canada, BlackRock

☆ Ripple says U.S. banks will want to use XRP cryptocurrency after partial victory in SEC fight
▼ + stars: | 2023-07-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

In this photo illustration, a visual representation of the digital Cryptocurrency Ripple is displayed on January 30, 2018 in Paris, France. Ripple disputed the claims, insisting XRP cannot be considered a security and is more akin to a commodity. Meanwhile, Tetragon, a U.K.-based investor that previously backed Ripple, sold its stake back to Ripple after unsuccessfully trying to sue the company to redeem its cash. Asked whether the ruling meant that American banks would return to Ripple to use its ODL product, Alderoty said: "I think the answer to that is yes." Ripple also uses blockchain in its business to send messages between banks, kind of like a blockchain-based alternative to Swift.

Persons: Stu Alderoty, Ripple's, MoneyGram, Alderoty Organizations: CNBC, U.S . Securities, Exchange Commission, SEC Locations: Paris, France, San Francisco, New York, U.S, U.K, United States

☆ Sri Lanka's central bank says more rate cuts are needed for economy to 'bounce back'
▼ + stars: | 2023-07-07 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

watch nowDebt-ridden Sri Lanka may need to cut interest rates again to further boost growth in its economy, according to the head of its central bank. Nandalal Weerasinghe, governor of the Central Bank of Sri Lanka, told CNBC Friday that there will be more rate cuts to come, even after the central bank lowered its policy rate for a second consecutive month from 12% to 11% on Thursday. Asked if additional rate cuts will be needed, the governor answered: "Of course." He pointed to falling inflation rates in the Sri Lankan economy. Sri Lanka's total debt has exceeded $83 billion, the Associated Press reported, including foreign debt of $41.5 billion and $42.1 billion of domestic debt.

Persons: Nandalal Weerasinghe, Weerasinghe, CNBC's, Ishara, Kodikara, Stocks Organizations: Central Bank of Sri, CNBC, Afp, Getty, Sri, International Monetary Fund, Colombo, Associated Press Locations: Sri Lanka, Central Bank of Sri Lanka, Sri, Colombo

☆ Expect more rate hikes from the Fed after the latest jobs report
▼ + stars: | 2023-07-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Job gains remain robust, wage growth is still going strong, and unemployment continues to hover near historic lows. That means the job market is still fueling demand in the economy, which the Fed has been trying to slow through rate hikes. Assessing the labor marketThe Fed wants to see the labor market slow down broadly, bringing it into “better balance,” as Powell has frequently described it. And there has been some progress on bringing the job market back into better balance while inflation has come down. “The focus is on the path of wage inflation because of its pass-through to services inflation,” said Sonia Meskin, head of US Macro at BNY Mellon IM.

Persons: Austan Goolsbee, “, ”, Lorie Logan, John Williams, Jerome Powell, Powell, Dave Gilbertson, Powell homed, Goolsbee, Gilbertson, Sonia Meskin, Joe Biden’s Organizations: DC CNN, Federal Reserve, Federal Reserve Bank of Chicago, Fed, Federal Reserve Bank, Dallas, Central Bank Research Association, ” Fed, New, ”, CNN, Labor, CNBC, BNY Mellon, Commerce Department Locations: Washington, New York, April’s

☆ Goldman strategist says one country offers the 'most fertile ground for picking stocks' and shares his favorites
▼ + stars: | 2023-07-03 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

That's despite Indian stocks already soaring, with the country's benchmark indexes BSE Sensex and Nifty 50 soaring to new record highs on Friday, according to Refinitiv data. He said that Indian stocks have a 16% compound annual return over the last 20 years in local currency terms, and 13% in dollar terms. It also has a high proportion of what Goldman analysts dub "multibagger" stocks, according to Koul. Goldman Sach screened 25 large-cap Indian stocks for those with an attractive growth and valuation profile. Four banks meet its criteria: HDFC Bank , ICICI Bank , State Bank of India and Kotak Mahindra Bank.

Persons: Goldman Sachs, Sunil Koul, CNBC's, Koul, That's, Goldman, Banks, Goldman Sach, Larsen, Toubro, — CNBC's Michael Bloom Organizations: Asia Pacific, CNBC, HDFC Bank, ICICI Bank, State Bank of India, Kotak Mahindra Bank, U.S . Global, SBI, UltraTech, Growers Locations: India, U.S

☆ Tesla owners will hate waiting in charging lines behind Ford and GM cars, analyst says
▼ + stars: | 2023-06-12 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +4 min

Tesla owners have previously enjoyed sole access to the company's charging stations. Tesla owners probably won't be very happy that the EV maker is opening up its Supercharger network to outsiders. Tesla's Supercharger network is comprised of some 7,000 locations in North America, according to the Department of Energy. But allowing other car owners to use the network may also eventually benefit Tesla owners, too. How do you feel about Tesla allowing other EV owners to use the Supercharger network?

Persons: Tesla, Craig Irwin, you've, Irwin isn't, Gene Munster, Cathie Wood, Wood, CThompson Organizations: General Motors, Ford, Morning, Detroit automaker, GM, Roth Capital Partners, Yahoo Finance, Deepwater Asset Management, CNBC, Department of Energy, Ark Invest Locations: North America

☆ Tesla may just be starting to unlock its true potential
▼ + stars: | 2023-06-10 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +5 min

Tesla will let Ford and GM access its Supercharger network starting in 2024. Tesla is beginning to show just how much potential its technology and infrastructure really have. Starting in 2024, both automakers will be able to give their customers access to Tesla's expansive charging network with adapters. But this may just be the beginning of Tesla starting to cash in on its proprietary technologies. Even with the addition of Ford, GM, and other car makers," Munster said.

Persons: Tesla, Elon Musk, Dan Ives, Musk, What's, Cathie Wood, Wood, Gene Munster, They've, Munster, It's, Ives Organizations: Ford, GM, EV, Wedbush Securities, CNBC, Ives, Apple, Ark, Deepwater Asset Management, Supercharging Locations: North America

☆ HSBC pulls some UK mortgage deals as fears of rising rates hits home buyers once more
▼ + stars: | 2023-06-09 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

"Persistently high inflation and the recent spike in lending rates will trigger a correction in the UK (Aa3 negative) housing market," Moody's Investor Service said in a report. LONDON – The U.K.'s biggest bank temporarily withdrew mortgage deals via broker services on Thursday, as the effect of higher interest rates ripples through the British housing market. HSBC told CNBC Friday that it was reviewing the situation regularly, but did not specify whether the new deals would differ from its previous offerings. Higher rates are a possibility, given that the Bank of England is continuing to increase interest rates. It comes eight months after hundreds of mortgage deal offers were pulled in one day after market chaos at the time sparked concerns about rising base rates.

Organizations: Service, HSBC, CNBC, Bank of England

☆ Why Lululemon will fire employees if they try to stop thieves
▼ + stars: | 2023-06-02 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +3 min

Lululemon has a zero-tolerance policy for employees engaging with thieves. Two former Lululemon employees said they were fired after calling police to report a robbery. Recently, two former Lululemon employees in Peachtree Corners, Georgia said they were fired from the retailer after calling the police to report a robbery. He also said that Lululemon employees are allowed to call the police. Like Lululemon, many retailers prohibit employees from engaging with thieves in order to keep the workers safe.

Persons: Lululemon, Calvin McDonald, —, McDonald Organizations: CNBC, Service, Employees, NBC News, National Retail Federation Locations: Peachtree Corners, Georgia

☆ We're in the AOL phase of artificial intelligence, tech CEO says, as industry raves about A.I.
▼ + stars: | 2023-05-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Today's artificial intelligence systems are akin to the dial-up internet of yesteryear, according to the CEO of one AI startup, who said the space is in need of a reality check. Sachin Duggal, co-founder, and CEO of Builder.ai, told CNBC Friday that we've only just begun to imagine what's possible with AI. "We're only in the AOL world of AI still," Duggal told CNBC in an interview. "There is this perception we're in the fiber optic world of AI. Hype around AI has hit a fever pitch over the past few months on the back of excitement about ChatGPT, the popular AI chatbot.

☆ Club meeting recap: Wall Street looks to finish Q1 higher as our tech stocks shine
▼ + stars: | 2023-03-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks up on final day of Q1 Stocks rose Friday on the last day of the first quarter after the Federal Reserve's preferred inflation metric came in cooler-than-expected for February. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Investors are still worried about a run on deposits of some ailing banks while massive lifelines buy more time
▼ + stars: | 2023-03-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Shares of First Republic and Credit Suisse continued to sell off despite massive lifelines. First Republic is receiving $30 billion in deposits from Wall Street giants and large regional banks. Meanwhile, Switzerland's central bank provided Credit Suisse with $54 billion in liquidity. In the case of Credit Suisse, depositors have been fleeing since well before SVB failed. Bank mergers could help, and UBS is in talks to acquire all or parts of Credit Suisse, according to reports.

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