Nasdaq, S&P Futures Plunge As Credit Suisse Crisis Deepens, Bringing Banks Back In Spotlight
The euphoria over Tuesday’s inflation numbers has apparently given way to skepticism, with index futures retreating sharply early Wednesday. Traders get to digest another set of key economic data points to make their conclusions about Fed’s potential March move.
Cues From Tuesday’s Trading:
Why This Money Manager Thinks Fed’s SVB Rescue Plan Could Lead To ‘Much Larger’ Problems
As the Street debates the ramification of the SVB Financial Group (NASDAQ: SIVB)-owned Silicon Valley Bank’s collapse and the government’s rescue, one analyst reasoned that the soluti
Cathie Wood Gets Elon Musk’s Nod After Slamming Regulatory Failure Over Banking Crisis: ‘Lot Of … Similarities To 1929’
ARK Investment Management CEO Cathie Wood believes regulators should have focussed on the opaque failure points of the traditional banking system rather than blocking decentralized financial platforms “th
‘U.S. Senate’s banking panel chairman: Congress unlikely to tighten banking rules’ -Reuters
https://www.reuters.com/world/us/us-senates-banking-panel-chairman-congress-unlikely-tighten-banking-rules-2023-03-14/