HSBC UK CEO tells CNBC how the bank bought Silicon Valley Bank’s UK unit. Nurphoto | Nurphoto | Getty Images U.K. banking titan HSBC unveiled a new HSBC Innovation Banking unit Monday, as it seeks to push into the technology sector following its eleventh-hour rescue of the U.K. subsidiary of failed Silicon Valley Bank (SVB)…

UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion. Fabrice Coffrini | Afp | Getty Images Swiss bank UBS released an open letter Monday saying that it had formally completed the takeover of its rival Credit…

Market Movers rounded up the best reactions from investors and analysts on Tesla . The experts, including Jim Cramer and Cathie Wood of Ark Invest, discussed the electric vehicle maker as its stock popped 4%. On Thursday, General Motors CEO Mary Barra and Tesla CEO Elon Musk announced that the two companies struck a deal…

GMC pickup trucks are displayed for sale on a lot at a General Motors dealership in Austin, Texas, Jan. 5, 2023. Brandon Bell | Getty Images Check out the companies making headlines in midday trading. Braze — Shares of the consumer engagement platform rallied more than 18%. On Thursday, Braze posted a non-GAAP loss of…

Shopping carts outside a Target store in the Queens borough of New York, US, on Saturday, May 13, 2023. Target Corp. is scheduled to release earnings figures on May 17.  Bing Guan | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. Tesla, General Motors — Both carmaker stocks were climbing…

Swiss authorities brokered the controversial emergency rescue of Credit Suisse by UBS for 3 billion Swiss francs ($3.37 billion) over the course of a weekend in March. Fabrice Coffrini | AFP | Getty Images UBS and the Swiss government announced Friday that they had signed a loss protection agreement, which will come into effect once…

SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Binance logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed lawsuits against cryptocurrency exchanges Coinbase and Binance for allegedly violating multiple securities laws. (Photo Illustration by Justin Sullivan/Getty Images) Justin Sullivan |…

The DocuSign website on a laptop in Dobbs Ferry, New York, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Check out the companies making headlines after hours. DocuSign — DocuSign jumped 5.6% in extended trading after the electronic agreements firm beat analysts’ first-quarter expectations on the top and bottom lines. DocuSign posted first-quarter…

Market Movers rounded up the best reactions from investors and analysts on GameStop . Jim Cramer and DCLA’s Sarat Sethi discussed the video game giant as its stock plummeted 17.9%, marking its largest decline since June 2021. A day earlier, GameStop announced the termination of CEO Matthew Furlong . Ryan Cohen was appointed executive chairman.…

NurPhoto | NurPhoto | Getty Images Check out the companies making headlines in midday trading. GameStop — The meme stock tumbled nearly 18% after the company fired CEO Matthew Furlong and appointed Ryan Cohen as executive chairman, effective immediately. The company didn’t provide a reason for the termination. Amazon — The e-commerce stock added 2.8%…