Check out the companies making the biggest moves midday:
Fox CorpNews Corpformed a special committee to explore a possible deal that would put his two media companies back together. On Monday, Credit Suisse downgraded Fox to neutral from outperform on the news.
Credit Suisseweekend report that it is preparing to sell part of its Swiss bank to raise capital. The bank also recently agreed to pay $495 million to settle a case related to mortgage-linked investments in the U.S. Further, Christian Meissner, its investment bank chief, is set to leave the firm in the coming weeks, according to Bloomberg.
Bank stocks — Several bank stocks moved higher Monday on positive earnings for the sector. Bank of Americatopped estimates on better-than-expected bond trading, rallied more than 5%. Bank of NY MellonSignature Bank
— CNBC’s Alex Harring, Carmen Reinicke, Yun Li, Tanaya Macheel and Jesse Pound contributed reporting.