The California Department of Financial Protection and Innovation has shut down SVB and designated the FDIC as the receiver. Subsequently, the FDIC established the Deposit Insurance National Bank of Santa Clara, which currently holds SVB’s insured deposits. As per the announcement by the FDIC, depositors with insurance coverage will be able to access their deposits by Monday morning. Moreover, the branch offices of SVB will reopen at the same time, overseen by the regulatory authority.

LightShed has downgraded Apple (NASDAQ:AAPL) to “Sell” from “Neutral,” stating that its estimates are below consensus, with moderating growth expectations in Services revenue and a conservative outlook for iPhone sales. Baird has reiterated Tesla (NASDAQ:TSLA) as a top pick, as it believes the company could roll out a heat pump home offering in the intermediate-term future. Barclays has upgraded United (NASDAQ:UAL) to “Overweight” from “Equal Weight,” stating that it sees robust demand continuing for the airline. Jefferies has upgraded Roblox (NYSE:RBLX) to “Buy” from “Hold,” citing the company’s favorable narrative, strong net bookings expansion, and underlying user metrics. UBS has downgraded Caterpillar (NYSE:CAT) to “Sell” from “Neutral,” stating that it is overvalued, and Baird has downgraded Allbirds (NASDAQ:BIRD) to “Neutral” from “Outperform,” following its disappointing earnings report.

About – The team at InvestorBrandMedia has decades of strategy-driven, extensive media experience in helping navigate our clients through the everchanging Digital Landscape. We specialize in a variety of marketing strategies that help promote our client visibility across multiple channels helping them expand their digital footprint in an ever-complex environment. specializes in ticker tagging services. Targeting the right audience is essential. Without effective distribution, a company’s message will fall on deaf ears or play to an empty room. Our growing distribution network consists of a diverse network of finance-focused blogs and websites, producing a robust mix of organic and cultivated interest. Let us help you jumpstart a rich following of qualified leads you can build on. Ticker Tagging is the process wherein your company is included with other sector-related NASDAQ, NYSE, and AMEX companies showcasing your news within a ticker-tagged PR. The ticker tags are distributed to approximately 400 business and financial news portals including Benzinga, Yahoo, Google News, Digital Journal, and MarketWatch. Companies looking for IR/PR services can contact us directly at or call us at (954) 593-5597

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