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☆ FIFA to take legal advice on calls to suspend Israel Football Association
▼ + stars: | 2024-05-17 | by ( Zayn Nabbi | ) edition.cnn.com time to read: +3 min

The Palestinian Football Association (PFA) had called for a vote to ban Israel before Infantino made the announcement over accusations that the IFA had violated FIFA rules during the continued war in Gaza. “Due to the obvious sensitivity of these matters, FIFA will mandate, as of now, independent legal expertise to analyse and assess the three requests made by the Palestinian Football Association and ensure that the statutes and regulations of FIFA are applied in the correct way,” Infantino said. “As I speak to you today, the Palestinian people, including the Palestinian football family, are enduring an unprecedented humanitarian catastrophe. Manan Vatsyayana/AFP/Getty ImagesRajoub went on to call for FIFA “to temporarily suspend the IFA as a member of FIFA with immediate effect.”Jordan Football Association general secretary Samar Nassar backed Rajoub, saying: “We are not here to deliberate on the human tragedy. And like anyone else, I was extremely, extremely shocked, and am extremely shocked at what’s happening in Gaza.”“I pray for all those people who suffer the unimaginable … and I want, like all of you, just one thing: peace.”

Persons: Gianni Infantino, Infantino, ” Infantino, “, Jibril Rajoub, ” Rajoub, Shino Moshe Zuares, Manan Vatsyayana, Rajoub, ”, Samar Nassar, ” Nassar Organizations: CNN, FIFA, Israel Football Association, IFA, Palestinian Football Association, Israel, FIFA Council, PFA, Getty, FIFA “, ” Jordan Football Association, “, Palestinian Association, UEFA Locations: Bangkok, Thailand, Gaza, AFP, Yugoslavia, Russia, Africa, Israel

CNN —Myanmar rebels fighting the junta say they have seized the last remaining military base in a key border town, dealing the latest significant blow to the country’s military rulers as they struggle to cling to power. About 200 soldiers abandoned their base in the southeastern town of Myawaddy and have been pushed to the No 2. “Officially we (are in) control of the town Myawaddy since last night,” KNU spokesperson Saw Taw Nee said. Footage also showed Thai military vehicles and troops stationed along the border. CNN has reached out to Myanmar’s military junta for comment.

Persons: Karen, ”, Saw Taw, Thailand’s Mae Sot, Manan Vatsyayana, “, Naw Tee, Aung, Thailand's, Prasarn Saengsirirak, ” Prasarn, Prasarn, Kim Jolliffe, it’s Organizations: CNN, Myanmar, Karen National Union, UN, Reuters, Getty, Karen National Liberation Army, Command, National League for Democracy, Army, Arakan Army Locations: Myawaddy, Myanmar, Thailand, Thailand’s, Tak, Thailand's Mae Sot, AFP, Teetering, Aung San, Kachin, China, Rakhine, Arakan

☆ Israeli swimmer Anastasia Gorbenko booed after runner-up finish at World Aquatics Championships
▼ + stars: | 2024-02-19 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +2 min

CNN —Israeli swimmer Anastasia Gorbenko was met with jeers from the crowd after placing second in the women’s 400-meter individual medley at the World Aquatics Championships in Doha, Qatar, on Sunday. The 20-year-old, whose parents are from Ukraine but was born and raised in Israel, captured her first ever medal at the World Aquatics Championships after finishing with a time of 4:37.36. Gorbenko competes in the heats of the 400-meter individual medley event at the world championships. World Aquatics did not immediately respond to a request for a comment. “I’m here to represent my country … And I’m doing this with the Israeli flag and I’m proud of that.

Persons: Anastasia Gorbenko, jeers, Gorbenko, “ I’m, ” Gorbenko, Manan Vatsyayana, ” Britain’s Freya Colbert, Italy’s Sara Franceschi, “ I’ve, “, it’s Organizations: CNN, Israel, Getty, Reuters, Palestine Locations: Doha, Qatar, Ukraine, Israel, AFP, Gaza

☆ Monday's analyst calls: 30% upside for GM, Carvana upgrade, Anheuser-Busch downgrade
▼ + stars: | 2023-12-04 | by ( Brian Evans | ) www.cnbc.com time to read: +7 min

So far this morning there is a big auto stock upgrade and a big beverage downgrade, among other calls. Morgan Stanley dimmed its view on Citizens Financial , downgrading the stock to equal weight from overweight but maintained its $31 per share price target, implying roughly 9% upside. The firm made the chipmaker its top large cap pick on Monday, and reiterated an overweight rating alongside a $620 per share price target. The analyst raised his price target from $25 to $40, which represents 14% upside. "We continue to see ABI's broadly EM focused sales exposure as attractive combined with the company's market leading market share positions," analyst Mitch Collett said.

Persons: Morgan Stanley, Manan, Brian Evans, Piper Sandler, Piper Sandler's, Harsh Kumar, Kumar, Wells, Ike Boruchow, Boruchow, — Brian Evans, JPMorgan's Rajat Gupta, Carvana, John Melloy, Bud Light, Mitch Collett, Vijay Rakesh, Rakesh Organizations: CNBC, East West Bancorp, Citizens Financial, Citizens, West Bancorp, Nvidia, TAM, Wells, JPMorgan Carvan, JPMorgan, Deutsche Bank downgrades Anheuser, Busch, Deutsche Bank, Anheuser, Busch InBev, Staples, Beverages, Mizuho Securities Mizuho Securities, General, United Auto Workers, GM, Vehicles, UAW Locations: China, Wells, Friday's, North America, N.A

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 16 (Reuters) - U.S. bank profits are expected to shrink in the coming months, but the industry has regained its footing after the biggest bank failures since the 2008 financial crisis, analysts said. "Nobody wants to own a lot of bank stocks, whether it's large cap, mid cap, ahead of a credit crunch, ahead of a recession." Michaud, CEO of KBW:"There are a lot of healthier banks, I think, that would look to acquire the banks that have low credit performance. Reporting by Lananh Nguyen, Nupur Anand and Pete Schroeder in New York Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, Thomas Michaud, Keefe, Erika Najarian, Morgan Stanley, We're, Eugene Ludwig, Ludwig, Mitch Eitel, Sullivan, Cromwell, " Michaud, Lananh Nguyen, Nupur Anand, Pete Schroeder, Mark Potter Organizations: New York Stock, REUTERS, delinquencies, UBS, Ludwig Advisors, Federal Deposit Insurance Corp, Thomson Locations: Manhattan, New York City , New York, U.S, New York

CNN —Rafael Nadal says he’s not setting any “deadlines” for his long-anticipated return to tennis, with the Spaniard still recovering from a hip injury. “It’s going to depend on how I feel physically and tennis wise, when I can really test myself. Nadal says his recovery from the surgery is going well, but admitted the process hasn’t been easy. “I’m happier today sporting wise than a month-and-a-half ago. So I trust that in two months, I’ll be happier sporting wise than what I am today.

Persons: CNN — Rafael Nadal, he’s, ”, Craig Tiley, Nadal, Benito Pérez, Barbadillo, CNNE, ” Nadal, “ It’s, “, …, MANAN VATSYAYANA, I’ll Organizations: CNN, Getty Locations: Australian, AFP

☆ Why countries are choosing to build new cities in places at high risk of worsening floods
▼ + stars: | 2023-10-04 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

Researchers analyzed global flood hazard datasets and annual settlement footprint data covering the three decades between 1985 and 2015 to understand the populations most affected by flood risk. They found over this period, as the world’s settlements grew by 85%, urbanization happened much more rapidly in high-hazard flood zones than in areas with low flood risk. In 2015, more than 11% of built-up areas globally faced high or very high flood risk, meaning areas at risk of flooding depths of at least 50 cm (17 inches) during 1-in-100-year flooding events, according to the report. Upper-middle income countries had the largest proportion of new human settlements in the highest flood risk zones, the report found. “This is concerning as development patterns are enhancing risk without climate change – climate change will further exacerbate these risks in the future.”

Persons: ”, Paolo Avner, Netherlands –, Molave, Manan Vatsyayana, Robert Nicholls Organizations: CNN, World Bank, Municipal, University of East Locations: East Asia, North America, Saharan Africa, China, Japan, Netherlands, Vietnam, Hoi, AFP, Southwest Florida, University of East Anglia

☆ Why Thailand's having second thoughts about decriminalizing cannabis
▼ + stars: | 2023-09-29 | by ( Heather Chen | ) edition.cnn.com time to read: +11 min

Little more than a year after cannabis decriminalization, following an election that saw a more conservative coalition government come into power, there are signs Thailand’s laws on cannabis could be rewritten once again. Most cannabis dispensaries like his he says, have been responsible and diligent from the start in checking buyers’ IDs and educating customers about cannabis rules. “Thousands of cafes, stores, and other cannabis businesses have sprouted and hundreds of millions of dollars are being spent by tourists in a short amount of time,” Zaytsev said. The debate comes just as the quality of domestically produced cannabis in the country was improving, she added. “The quality of Thai cannabis has gotten better and better.

Persons: “, ” Iemvijan, –, Nitikrist Attakrist, ” Attakrist, Chiang Mai, Srettha Thavisin, ” Thavisin, Iemvijan, Cannabis, ”, Wisawa Mcintyre, Anutin Charnvirakul, Athit Perawongmetha, hasn’t, Ley Singdam, Ley, ” Ley, Kitty Chopaka, Chopaka, Michael Zaytsev, LIM, ” Zaytsev, Gloria Lai, ” Lai, ” “, Thavisin, Manan Vatsyayana Organizations: CNN, Thai, Bloomberg, Thailand’s Public, Thai Health, Staff, Reuters Observers, ” Farmers, Thais, International Drug Policy Consortium, Bhumjaithai Party, Getty Locations: Thai, Bangkok, Thailand, Southeast Asia, San, Thonglor, Phuket, ‘, ”, Athit, New York, Asia, Singapore, Indonesia, AFP

☆ Rafael Nadal says Novak Djokovic is the best tennis player ‘in history’
▼ + stars: | 2023-09-20 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —Rafael Nadal believes long-time rival Novak Djokovic is the greatest tennis player of all time and says “there is nothing to discuss” about the sport’s GOAT debate. Djokovic can also boast a record 39 Masters 1000 titles, three ahead of Nadal, and the most weeks spent at world No. If I feel competitive and enjoy what I do, why would I limit myself?” he said. Nadal says he is currently either training or undergoing rehab twice a day to prepare for next season but is still playing very little tennis. “This is my current dream, to go out on a tennis court and feel like I can play competitively.

Persons: CNN — Rafael Nadal, Novak Djokovic, Nadal, Djokovic, Roger Federer, “, ” Nadal, he’d, ” Novak Djokovic, Manu Fernandez, Nadal hasn’t, Mackenzie McDonald, ”, can’t, Nadal hasn't, MANAN VATSYAYANA, Clay ’, that’s, I’m Organizations: CNN, Serb, Diario AS, Getty Locations: Spanish, AFP

Overall U.S. banks' cash assets were $3.26 trillion as of Aug. 23, up 5.4% from the end of 2022. The SVB failure triggered a sudden dash for cash at banks, which within two weeks had bulked up cash assets to $3.49 trillion, the highest level since April 2022. It has $420 billion in cash and $990 billionof what it calls high quality liquidity assets and other unencumbered securities, it said. "The good news is for some of these banks re-investing cash is that we have pretty high short-term rates," said Mac Sykes, portfolio manager at Gabelli Funds. "It's definitely opportunistic and advantageous to be investing short-term securities."

Persons: Carlo Allegri, David Fanger, Moody's, Brendan Browne, Manan Gosalia, Morgan Stanley, Peter Marshall, Mac Sykes, Saeed Azhar, Ann Saphir, Niket, Megan Davies, Nick Zieminski, Richard Chang Organizations: Bank of America, REUTERS, FRANCISCO, Silicon Valley Bank, Signature Bank, Federal, Graphics, Reuters, JPMorgan, Federal Reserve, Regulators, FDIC, Gabelli, Thomson Locations: Manhattan, New York City , New York, U.S, Silicon

☆ Regional banks face another hit as regulators force them to raise debt levels
▼ + stars: | 2023-08-29 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

Saul Loeb | AFP | Getty ImagesU.S. regulators on Tuesday unveiled plans to force regional banks to issue debt and bolster their so-called living wills, steps meant to protect the public in the event of more failures. Higher funding costsThe requirements will create "moderately higher funding costs" for regional banks, the agencies acknowledged. Still, the industry will have three years to conform to the new rule once enacted, and many banks already hold acceptable forms of debt, according to the regulators. They estimated that regional banks already have roughly 75% of the debt they will ultimately need to hold. Analysts have focused on the debt requirements because that is the most impactful change for bank shareholders.

Persons: Martin Gruenberg, Saul Loeb, Banks, Gruenberg, What's, Morgan Stanley, Manan Gosalia Organizations: Federal Deposit Insurance Corporation, Banking, Urban Affairs, Capitol, AFP, Getty, Treasury Department, Office, Currency, Federal Reserve, Federal Deposit Insurance Corp, FDIC, Brookings Institution, Silicon Valley Bank, Regulators, Analysts, T Bank, Citizens Financial, Northern Trust, Fifth Third Bancorp, Bank Locations: Washington , DC, Silicon

☆ Moisés Caicedo: The £4.5m bargain who became the most expensive player in British soccer
▼ + stars: | 2023-08-14 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +3 min

Moisés Caicedo has been sought after by some of the world’s biggest soccer clubs and it is Premier League side Chelsea who has pried the Ecuadorian away from Brighton. Multiple outlets including Sky Sports and the BBC report that it’s a British record fee of £115 million ($146 million) that Chelsea and Brighton have agreed upon. Mike Hewitt/Getty ImagesAs the transfer fee may suggest, the record-breaking move didn’t come without its fair share of complications. Premier League giant Liverpool believed that it would be the team securing the signing of Caicedo after having a £111 million ($141 million) bid for the midfielder accepted just days ago. Manan Vatsyayana/AFP/Getty ImagesThe 21-year-old will star in Chelsea’s midfield alongside former record British transfer, Argentinian midfielder Enzo Fernández.

Persons: Moisés Caicedo, Mike Hewitt, Caicedo, coy, Jürgen Klopp, Klopp, “, Tony Bloom, Bloom, Manan Vatsyayana, Enzo Fernández, Fernández, Chelsea Organizations: CNN, English Premier League club Brighton & Hove Albion, Ecuadorian, Independiente del Valle, Premier League, Chelsea, Sky Sports, BBC, Brighton, Liverpool, coy Liverpool, ”, Blues, Arsenal, Gunners, Getty, West Ham United Locations: Brighton, Chelsea, London, Instagram, Santa Domingo, Ecuador, “, Qatar, AFP

CNN —She might recently have surpassed the legendary Michael Phelps for the most career individual world swimming titles, but Katie Ledecky says the thrill of winning remains as powerful as ever. Ledecky eclipsed Phelps’ tally of 15 world swimming titles at the 2023 World Aquatic Championships in Fukuoka, Japan, in July. It was so much fun to represent Team USA at the international level again,” Ledecky told CNN’s The Source with Kaitlan Collins. For this reason, overtaking such a great of the sport was something that Ledecky hadn’t spent any time contemplating. “Michael [Phelps] is someone that I’ve known for a long time now and to break that record was cool.

Persons: Michael Phelps, Katie Ledecky, Ledecky, Phelps ’, ” Ledecky, Kaitlan Collins, “ I’ve, Clive Rose, Phelps, Ledecky hadn’t, “ Michael, “ I’m, “ It’s, Manan Vatsyayana, “, Oli Scarff, Simone Biles, I’ve Organizations: CNN, Team USA, University of Florida, University of Stanford, Getty Locations: Fukuoka, Japan, Paris, AFP, Stanford

☆ Leon Marchand, 21-year-old French swimming star, breaks Michael Phelps’ last remaining world record
▼ + stars: | 2023-07-23 | by ( Issy Ronald | ) edition.cnn.com time to read: +1 min

CNN —Although Michael Phelps retired seven years ago, his legacy has continued to tower over swimming. But on Saturday, Phelps’ last remaining world record was smashed by 21-year-old Leon Marchand at the World Aquatics Championships in Fukoka, Japan, as the Frenchman completed the 400 meters individual medley in 4:02.50, shaving an enormous 1.34 seconds off Phelps’ previous mark. Phelps himself had held the world record for almost 21 years, setting a series of increasingly faster times during his stint as the world’s most dominant swimmer. “I’m two seconds faster than my previous record, I beat the world record, it’s amazing… I don’t know what to say, I’m so happy.”France's Leon Marchand competes in the final of the men's 400m medley. Meanwhile Australia’s Ariarne Titmus set a world record in the women’s 400 meter freestyle with a time of 3:55.38, so blistering that she held off Katie Ledecky in second place.

Persons: Michael Phelps, Phelps ’, Leon Marchand, Frenchman, ” Marchand, “, Phelps, ” France's Leon Marchand, Manan Vatsyayana, Carson Foster, Australia’s Ariarne, Katie Ledecky Organizations: CNN, Olympics, Getty Locations: Fukoka, Japan, Beijing, AFP, Japan’s

Morgan Stanley analyst warned of potentially big swings for some of the regional banks it covers as the fallout for the crisis continues. Analyst Manan Gosalia downgraded Commerce Bancshares and Prosperity Bancshares to underweight from equal weight. Commerce Bancshares' new price target of $48 implies shares declining 3.5% from Monday's close. Meanwhile, the analysts' new price target of $60 per share for Prosperity Bancshares implies a 1% loss from where shares closed on Monday. To be sure, the analyst said that in the case deposit outflows do accelerate, Commerce Bancshares and Prosperity Bancshares would end up outperforming their peers due to their "generally more resilient funding profiles."

☆ Google zeroed in on these 3 categories of climate companies to boost
▼ + stars: | 2023-05-16 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +12 min

This year, the 12 companies mostly fell into three broad categories: Artificial intelligence, electric vehicle infrastructure, and providing companies with better data to decarbonize their operations. When I read the headlines about the dangers of the climate crisis, I feel a personal obligation to be a part of supporting innovative climate solutions to scale," Ridenour told CNBC. Google has hosted three climate change startup accelerators for North American companies in the last three years, and all 33 of the participants are all still operating, a spokesperson for Google told CNBC. "Teams are leaning deeper into developing AI and ML models to address climate change," Ridenour told CNBC. Cleartrace is particularly focused on measurement techniques for Scope 3 emissions -- emissions associated with a company's entire supply chain or value chain, which can be fiendishly difficult to track.

☆ Wall Street analysts like these regional bank stocks if you can withstand the chaos in the market
▼ + stars: | 2023-05-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The continued slide for regional bank stocks after the failure of First Republic last week has created some buying opportunities in the sector, according to Wall Street analysts. "We believe this recent stock reaction is overdone as there is currently no evidence of accelerating deposit outflows. We see accelerating deposit costs, not accelerating deposit outflows, as the most significant headwind for the midcap banks over the next several quarters," Gosalia wrote. Huntington and Webster also rise to the top of the heap for RBC Capital Markets analyst Jon Arfstrom. Both Huntington and Webster are down about 30% for the year, which is better than the SPDR S & P Regional Banking ETF (KRE).

Morgan Stanley analyst Manan Gosalia, in a report earlier this week, set a target price of $54 for First Republic shares in a best-case scenario. "I have not considered or discussed anything having to do with blanket insurance or guarantees of deposits," she said. The Morgan Stanley report considered that a potential extension of FDIC insurance could bring a majority of First Republic's customers back. Even if it clinches a cash infusion, the lender will probably need to take losses on securities in its so-called held-to-maturity portfolio, the Morgan Stanley analysts wrote. In the worst-case scenario, First Republic's shares would sink to just $1, Morgan Stanley analysts estimated.

Morgan Stanley analyst Manan Gosalia, in a report earlier this week, set a target price of $54 for First Republic shares in a best-case scenario. That hope was reduced on Wednesday, after Yellen told a hearing of the U.S. Senate's Appropriations Subcommittee on Financial Services that the government "is not considering insuring all uninsured bank deposits." The Morgan Stanley report considered that a potential extension of FDIC insurance could bring a majority of First Republic's customers back. Even if it clinches a cash infusion, the lender will probably need to take losses on securities in its so-called held to maturity portfolio, the Morgan Stanley analysts wrote. In the worst-case scenario, First Republic's shares would sink to just $1, Morgan Stanley analysts estimated.

☆ First Republic's stock could be stuck at $25 even if deposits start to return, Morgan Stanley says
▼ + stars: | 2023-03-20 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

First Republic 's stock is unlikely to see a significant rebound after the regional bank suffered major outflows of deposits, according to Morgan Stanley. The stock was trading near $115 per share before troubles emerged at the now failed Silicon Valley Bank, sparking a sell-off in regional bank stocks. FRC 1M mountain First Republic's stock has fallen sharply since the start of the regional banking crisis. Based on borrowing from the Federal Reserve that First Republic disclosed last week, deposit outflows at First Republic may have been roughly $86 billion, Morgan Stanley estimated. The outlook for First Republic is still highly uncertain, Gosalia said, and Morgan Stanley has an underweight rating and no formal price target for the stock.

☆ SVB Financial issues are unlikely to spread to other banks, Wall Street analysts say
▼ + stars: | 2023-03-10 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

The capital issues at SVB Financial sparked a sell-off among bank stocks on Thursday, but the tech-focused bank's woes will likely not be a preview of wider issues in the banking system, according to Wall Street analysts. KBWB 5D mountain Bank stocks fell sharply on Thursday. Morgan Stanley analysts Manan Gosalia and Betsy Graseck echoed that sentiment, saying in a note that the issues at hand appeared to specific to SVB. "Current pressures facing SIVB are highly idiosyncratic and should not be viewed as a read-across to other banks we cover. RBC analyst Gerard Cassidy said that banks without large retail customer bases could be in for a rocky period.

In this photo illustration of the TradingView stock market chart of SVB Financial Group seen displayed on a smartphone with the SVB Financial Group logo in the background. Shares of SVB Financial Group , known as Silicon Valley Bank, tumbled for a second day Friday and weighed on the whole banking sector again on fears more banks would incur heavy losses on their bond portfolios. The SPDR S&P Regional Banking ETF was off another 1.5% Friday following an 8% tumble on Thursday. Signature Bank , which does a lot of business with the crypto sector, was off 4% in premarket trading following a 12% tumble Thursday. On Thursday, the bank was worth $6.3 billion with that value set to drop even more when trading begins Friday.

☆ A proposed H-1B visa fee increase threatens to kneecap Silicon Valley's ability to hire the foreign talent it needs to compete
▼ + stars: | 2023-01-12 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

The tech industry relies on skilled-work visas for foreign hires in a system critics say is broken. Now the USCIS is proposing fee hikes for visa applications, at a time when it's already challenging. It would be another hurdle on top of recent tech layoffs and scarce visa availability, experts say. While the proposed fee hikes are presented as a solution to end backlogs and address bureaucratic headaches, experts say they would make it more difficult to hire foreign talent. Are you an H-1B visa holder and have a story to share?

☆ The US may have lost in the World Cup, but soccer is more popular than ever in America
▼ + stars: | 2022-12-12 | by ( Harry Enten | ) edition.cnn.com time to read: +36 min

The Atlas Lions made history as the first African team to reach a World Cup semifinal. They made history as the first all-female refereeing crew for a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Less spoken about is that they also rate better on television than the men do in the World Cup. We’ll just have to wait and see, though with the US, Canada and Mexico hosting the 2026 World Cup, soccer isn’t going away anytime soon.

☆ Morgan Stanley downgrades Silvergate Capital, says it's time to sell stock after FTX collapse
▼ + stars: | 2022-12-05 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

It's time to sell Silvergate Capital following the FTX collapse, according to Morgan Stanley. "The ongoing stress in the crypto ecosystem post the FTX collapse drives significant uncertainty on deposit flows at SI in the near term," Gosalia wrote in a Monday note. Shares of Silvergate Capital have cratered this year, tumbling nearly 65% this quarter alone, mirroring the bear market in cryptocurrencies. "The fallout of the FTX collapse could drive litigation and headline risk across the crypto space. Although the stock is down 80% YTD, we prefer other avenues for deployment within our expanded coverage until the risks become clearer," Gosalia wrote.

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