44 min listen
SVB Collapse Fallout: Regional Bank Stocks Plummet Despite Govt. Rescue Plan, Pres. Biden Says U.S. Banking System "Safe" 3/13/23
SVB Collapse Fallout: Regional Bank Stocks Plummet Despite Govt. Rescue Plan, Pres. Biden Says U.S. Banking System "Safe" 3/13/23
ratings:
Length:
51 minutes
Released:
Mar 13, 2023
Format:
Podcast episode
Description
Carl Quintanilla, Jim Cramer and David Faber engaged in wide-ranging discussions about the fallout from the Silicon Valley Bank collapse -- including what's at stake for investorsand how it might affect Fed interest rate policy. Shares of regional banks including First Republic plummeted despite action taken by federal regulators to backstop all depositors in both SVB and crypto-focused Signature Bank, which was shut down by New York State regulators. In remarks from the White House, President Biden insisted the U.S. banking system is "safe."Also in focus: Pfizer"s $43 billion deal to acquire cancer drug maker Seagen.
Released:
Mar 13, 2023
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/14/2019: The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds by Squawk on the Street