Bank shares in Europe steadied, showing only modest losses. The STOXX Banks index comprising 21 leading European lenders dipped 0.8%, following steep plunges Monday that had some banks down more than 10% in intraday trading.
While risks outside the U.S. appear limited, the collapses of Silicon Valley Bank and Signature Bank have shaken confidence in the industry at a time when the Federal Reserve and other central banks are struggling to without snuffing out post-pandemic economic recoveries. At midday, France’s CAC 40 rose 0.9%, Germany’s DAX added 1.1% and Britain’s FTSE 100 inched up 0.3%.
Japanese officials have insisted that the impact on the country’s banks from troubles in the U.S. industry would likely be limited. But bank shares plunged.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank stocks plunge and gold rises as Wall Street deals with uncertaintyThe most pressure is on the regional banks one or two steps below in size of the massive, “too-big-to-fail” banks that helped take down the economy during the 2008 financial crisis.
Source: cleveland19news - 🏆 70. / 68 Read more »
Bank stocks plunge and gold rises as Wall Street deals with uncertaintyThe most pressure is on the regional banks one or two steps below in size of the massive, “too-big-to-fail” banks that helped take down the economy during the 2008 financial crisis.
Source: wsfa12news - 🏆 338. / 59 Read more »
Bank stocks drop and S&P 500 swings as Wall Street shakesNEW YORK (AP) — Wall Street is worried about what may be next to topple following the second- and third-largest bank failures in U.S. history, and stocks are swinging sharply Monday as investors scramble to find someplace safe to park their money. Poor rich people. I here Switzerland is nice this time of year. You can even evade taxes there. 😭😭✋🏿💀💀✋🏿✋🏿Goddess has been working on ending the 1% since 2021😭😭✋🏿✋🏿💀
Source: AP - 🏆 728. / 51 Read more »
Bank stocks dive as Wall Street trembles amid SVB failureTrading halted at more than a dozen regional banks after prices continued to free fall. But Biden said citizens shouldnt worry… Let’s go Brandon 🙄 Thats interference w markets. Let them go to 0.
Source: CBSNews - 🏆 87. / 68 Read more »
Bank stocks dive as Wall Street trembles amid SVB failureBank stocks fell Monday on worries about what may be next to topple following the second- and third-largest bank failures in U.S. history. All Americans tumble as the FDIC fund is raided for bad investments. Remember win, last week, Biden was exclaiming that the wealthy don’t pay enough in taxes? Now he wants to bail them out from losing too much money… Bidens America
Source: CBSNews - 🏆 87. / 68 Read more »