Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say

Uncertainty caused by the collapse of Silicon Valley Bank this month triggered outflows and plunging share prices at peers including First Republic and PacWest.

Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads

Central banks and regulators had hoped that the Credit Suisse rescue deal would help calm investor jitters about the stability of Europe's banks.

Europe's leaders battle banking crisis as market rout hangs over Brussels summit

Shares of Deutsche Bank traded more than 14% lower at one point Friday after a Thursday evening surge for its credit default swaps.

TikTok CEO got grilled by lawmakers from both parties on whether the Chinese-owned app can protect American privacy

Shou Zi Chew's testimony did not seem to quell many concerns that lawmakers had about its connections to China or the adequacy of its risk mitigation plan.

In pictures: Violent clashes in Paris after Macron forces through pension changes

Protesters marched around the country and strikes hit various sectors as Emmanuel Macron's televised interview failed to calm tensions.

Give us your nominations: CNBC is ranking the world's top fintech companies

CNBC and independent research firm Statista are going to identify the world's top 200 fintech companies.

The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?

Swiss authorities placed a heavy emphasis on the role of U.S. regional banking collapses in pushing Credit Suisse to the brink.

Activision shares jump as British competition regulator drops key concern on Microsoft takeover

The U.K.'s competition regulator on Friday said it has narrowed the scope of its investigation into Microsoft's takeover of Activision.

The market's initial reaction to a Fed rate hike is 'almost always a head fake,' Jim Cramer says

CNBC's Jim Cramer said Friday that the initial market sell-off prompted by the Fed rate hike may point to a reversal in the coming months, based on past data.

Crypto firm Tether says it has around $1.6 billion in excess reserves to back its USDT stablecoin

Crypto firm Tether estimates it will make $700 million in profit in the March quarter, taking its total excess reserves to over $1.6 billion, its CTO said.

A 'greenwashing' crackdown in Europe hasn't gone down well. Here's what you need to know

The EU says it is hoping to provide more clarity to consumers so that when a product is sold as green, they can trust that it is environmentally friendly.

TikTok wants to distance itself from China — but Beijing is getting involved

China said that it would "strongly oppose" a forced sale of TikTok from its parent ByteDance, as the app faced intense scrutiny and a potential ban in U.S.

King Charles' visit to France postponed after wave of protests

The new monarch was due to visit Paris and Bordeaux in a trip beginning Sunday, both of which have seen tense protests.

'Can't get their act together': Crypto firms slam SEC, Washington for lack of clarity on rules

Crypto companies are frustrated at the U.S. government and the SEC for their lack of clear rules.

China is a ‘relative safe haven’ in the face of global banking stress, Citi economists say

The turmoil in the banking sector seen in the U.S. and Europe has highlighted China as a "relative safe haven" this year, Citi said in a note.

These tech giants are still making money, but layoffs are coming hard and fast

Global tech giants from Microsoft and Google to SAP have laid off thousands of employees since the start of the year despite being profitable.

Estonia says China's peace plan to end Ukraine's war is 'extremely unfair'

Beijing sought to position itself as a peace broker between Russia and Ukraine and issued a 12-point peace plan in February.

India's travel industry may not overtake China soon but there are still 'massive' opportunities

India is ramping up spending on its aviation industry by billions of dollars, but its outbound travel market is unlikely to overtake China's anytime soon.

Yellen says Treasury is ready to take 'additional actions if warranted' to stabilize banks

Emergency federal actions to back up customers of Silicon Valley Bank and Signature Bank could be used again if necessary, Treasury Secretary Janet Yellen said.

TikTok CEO says China-based ByteDance employees still have access to some U.S. data

TikTok CEO Shou Zi Chew told U.S. lawmakers that China-based employees at its parent company ByteDance may still have access to some U.S. data from the app.

This 26-year-old from Hong Kong is transforming a ‘dinosaur industry’ — one luxury watch at a time

Wristcheck is a consignment-based platform for luxury watches from Hong Kong, and it claims to have an inventory of timepieces worth $80 million.

Gold prices could notch an all-time high soon — and stay there

Gold prices have room to run as banks struggle and the Federal Reserve renders another rate decision, potentially breaking all-time highs — and staying there.

Crypto is banned in China, but Binance employees and support volunteers tell people how to bypass the ban

The techniques have evolved to sidestep Binance's highly publicized know-your-customer controls, and focus on obscuring a user's country of origin.

Bank of England hikes interest rates by 25 basis points after inflation surprises

The Bank of England on Thursday hiked interest rates to their highest level since 2008 as it grapples with persistent high inflation.

Block shares plunge 15% after short seller Hindenburg says Jack Dorsey’s company facilitates fraud

Block shares plunged after noted short seller Hindenburg Research said the company's flagship Cash App facilitates crime and lacks strong compliance controls.

CNBC Daily Open: Yellen changed the mood — again

The federal government is prepared to take additional actions if warranted, U.S. Treasury Secretary Janet Yellen said.

China will make up nearly 40% of the rise in global oil demand in 2023, Wood Mackenzie says

The research firm said in a report it views China's reopening as the "single biggest demand driver" for a recovery in oil demand this year.

China's liaisons with Russia are fueling an awkward split among European leaders

China's relationship with Russia is causing unease and division in the European Union.

Ex-Google employees' A.I. chatbot startup valued at $1 billion after Andreessen Horowitz funding

The founders of Character.AI helped create the architecture that used in popular AI chat products

OpenAI CEO admits a bug allowed some ChatGPT users to see others' conversation titles

OpenAI CEO Sam Altman says the company fixed a vulnerability that meant some users were able to see the titles of chats from other users.