Janet Yellen’s Comments Fail To Calm Investors As First Republic Stock Remains Volatile
Growing concerns about the safety of bank deposits have prompted investors to approach community and regional banks with caution.
‘Apollo, Carlyle Scour Bankrupt SVB Financial For Loan Deals; Blackstone Also Preparing To Take A Look At The SVB Loans; The Loans At Issue Could Be Valued At As Much As $10B’ – Bloomberg News
https://news.bloomberglaw.com/bankruptcy-law/apollo-carlyle-scour-bankrupt-svb-financial-for-loan-deals
S&P 500 Hit 4,000, Bank Stocks Soar, Treasury Yields Rise, As Worries Over Banking Crisis Ease – Traders Await FOMC
It's a day of deep risk-on in markets, with stocks posting strong gains, bonds and gold plunging as Treasury yields climbed, after Treasury Secretary Janet Yellen injected confidence over the b
‘Subsidiary Of New York Community Bancorp, Inc., To Assume Deposits Of Signature Bridge Bank, N.A.’ – FDIC
https://www.fdic.gov/news/press-releases/2023/pr23021.html
The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for substantially all deposits and certain loan portfolios of
Markets Dip, Signaling Pause In Rally As Focus Shifts To Next Week’s Fed Decision: Analyst Says Brace For More Volatility Near Term
Risk aversion escalated on Wall Street Friday, with all major indices trading in the red, as investors remain skeptical about the stability of the banking sector in the wake of recent turmoil in the U.S. and Europe.
Cues From Friday's Trading:
Credit Suisse To Borrow $54B From Swiss National Bank
https://www.cnbc.com/2023/03/16/credit-suisse-to-borrow-up-to-about-54-billion-from-swiss-national-bank.html