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The new CEO of Silicon Valley Bank held an all-hands meeting on Wednesday and sought to reassure employees that the bank was not planning on closing its doors, according to two people who listened in on the call. Tim Mayopoulous, who the Federal Deposit Insurance Corporation appointed as chief executive after it took control of the bank on Friday, told employees that the bank had resumed many of its usual business activities. “We are open for business , making new loans, processing payments and offering all the solutions we’ve been known for,” Mayopoulus said, according to one person who was on the call. The people who spoke with NBC News requested anonymity, citing a lack of clearance to speak publicly and concerns about professional repercussions. The future of Silicon Valley Bank has remained in doubt since the FDIC shut it down on Friday. The bank reopened Monday, though it could still be acquired. Federal regulators said Sunday that it would guarantee all deposits at the bank, ...

In this article GS GSBD Follow your favorite stocks CREATE FREE ACCOUNT David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023.  Adam Galica | CNBC Goldman Sachs shares came under pressure Friday after a Wall Street Journal report said the Federal Reserve is investigating the bank's consumer business . Shares slipped nearly 3% on the news. Goldman Sachs is now up less than 1% on the year. related investing news Bank of America double downgrades Charles Schwab, says clients will continue to shift to money market funds Sarah Min a day ago Goldman Sachs daily stock move The regulator is looking into whether Goldman Sachs had the right safeguards in place to protect consumers when it increased lending in the division, also known as Marcus, according to the Journal report which cites sources familiar with the matter. The Fed was previously reviewing Marcus, Bloomberg news reported in September. "As we told ...

In this article APO Follow your favorite stocks CREATE FREE ACCOUNT Credit Suisse on Tuesday announced that it would accelerate the restructure of its investment bank by selling a significant portion of its securitized products group (SPG) to Apollo Global Management. Credit Suisse said the transaction, along with the potential sale of other assets to third-party investors, is expected to reduce SPG assets from around $75 billion to $20 billion. related investing news Citi downgrades Bank of America, says gains will be hard to come by for the banking stock Alex Harring 19 hours ago The bank said the move represented an "important step towards a managed exit from the Securitized Products business , which is expected to significantly de-risk the investment bank and release capital to invest in Credit Suisse's core business ." Loading chart... Credit Suisse announced a massive strategic overhaul at the end of October alongside a huge quarterly loss, after battling sluggi...