Be in the know. 15 key reads for Monday…

  1. Regulators close Signature Bank, second shuttered by feds after SVB disaster (nypost)
  2. JPMorgan analysts warned about Silicon Valley Bank’s $16B in ‘unrealized losses’ in November (nypost)
  3. Some Democrat-donor investors furious over Biden’s handling of SVB (nypost)
  4. SVB’s rescue means the Fed won’t hike rates in March, says Goldman Sachs (marketwatch)
  5. Pfizer to Buy Cancer Biotech Seagen for $43 Billion (barrons)
  6. Icahn Takes Aim at Illumina (barrons)
  7. All That Talk About a Wage-Price Spiral? It’s Wrong. (barrons)
  8. Fed Now Expected to Rein in Rate Hikes. Market Pricing Shows Shift Amid Banks Crisis. (barrons)
  9. Treasury yields plunge as SVB fallout seen slowing Fed rate hikes (marketwatch)
  10. SVB, Signature Bank Depositors to Get All Their Money as Fed Moves to Stem Crisis (wsj)
  11. China’s Xi to Speak to Zelensky, Meet Next Week With Putin (wsj)
  12. Treasuries Surge as Traders Recalibrate Rate Bets: Markets Wrap (bloomberg)
  13. Treasury Two-Year Yields Drop Half a Point as Fed Bets Slashed (bloomberg)
  14. KBW recommends buying these 11 financial stocks, including First Republic, following federal backstop for banks (marketwatch)
  15. Tencent, Alibaba, AIA fuel Hong Kong market rally while BeiGene erases loss amid Silicon Valley Bank fallout (scmp)