First Horizon Corp. fell by the most since September 2008 as the crisis in regional banks cast doubt on whether Toronto-Dominion Bank will follow through with its planned $13.4 billion takeover of the lender.
Some solar-power ventures could face delays as developers are forced to find new sources of finance.
The turmoil that’s engulfed bank stocks deepened Monday as investors rushed to reduce exposure to the industry, triggering a cascade of trading halts as multiple lenders suffered record drops.
From Hungary to Mexico, emerging markets stocks, bonds and currencies were whiplashed on a volatile Monday as global investors shunned riskier assets amid fears about the health of the US banking system.
The Federal Reserve is launching an internal probe of its supervision of Silicon Valley Bank after its collapse sparked sharp criticism of the central bank’s oversight.
The US system of Federal Home Loan Banks is ramping up the amount of cash it has available to deploy as the failure of several US lenders — including Silicon Valley Bank and Signature Bank — stokes expectations that more regional lenders will need to tap it for funds.
The Federal Reserve will press on with interest-rate hikes despite the collapse of Silicon Valley Bank, according to the BlackRock Investment Institute.
DoubleLine Capital’s Jeffrey Gundlach said on CNBC that he expects next week’s Federal Reserve meeting to mark the last rate hike for the year, adding that anything higher than a 25 basis-point rise could damage the central bank’s credibility.
Covering Novo Nordisk A/S’s new obesity drug Wegovy could strain the budget of US government insurance program Medicare, according to a new analysis in the New England Journal of Medicine.
California’s next round of heavy weather will arrive overnight with high winds that could spark renewed flooding and power outages just a day after an earlier storm sparked evacuations, closed roads and left entire communities awash.
