Investors tiptoe back into US bank stocks, regulators probe SVB collapse

  • 📰 malaymail
  • ⏱ Reading Time:
  • 66 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 86%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

NEW YORK, March 15 ― Bruised US bank stocks regained some ground yesterday, as a sell-off sparked by Silicon Valley Bank's collapse gave way to bargain-hunting by...

NEW YORK, March 15 ― Bruised US bank stocks regained some ground yesterday, as a sell-off sparked by Silicon Valley Bank's collapse gave way to bargain-hunting by investors hopeful that efforts to shore up confidence would avert a wider financial crisis.

The S&P 500 regional banks index rebounded 1.4 per cent, leaving it with a 26 per cent loss over the past five sessions. First Republic Bank surged 27 per cent, while KeyCorp jumped over 7 per cent. Among large US banks ― where sources say customers have moved deposits to over the past week ― Citigroup regained almost 6 per cent and Wells Fargo added 4.6 per cent.

There were other signs of a change in mood. Anson Funds, which manages US$1.6 billion , bought an undisclosed number of shares of First Republic on Monday, associate portfolio manager Rob Mills told Reuters.A furious race to reprice interest rate expectations also buffeted markets as investors bet the US Federal Reserve will be reluctant to hike next week.

US Treasury yields rose yesterday, a day after major declines, as investors consolidated positions and weighed the monetary policy impact of banking system turmoil against stubbornly high inflation. Officials are also examining stock sales by officers of SVB Financial Group, which owned the bank, the WSJ reported, citing people familiar with the matter.New York’s financial regulator said its decision to close Signature Bank had “nothing to do with crypto” and instead cited “a significant crisis of confidence in the bank’s leadership” after SVB's demise.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 1. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

SVB collapse to have limited impact on global market: South Korea Finance MinisterThe industry ministry held an emergency meeting with relevant agencies to assess the impact of the bank's failure on exporters, and to discuss ways to minimise the possible fallout. theSun theSundaily FinanceInvestor SouthKorea FinancialCrisis
Herkunft: theSundaily - 🏆 25. / 51 Weiterlesen »