Monday’s Stock Market Roller Coaster Session Shows Banks’ Sales May Ease Current Crisis

Monday’s stock trading was a veritable roller coaster, but the market closed slightly up positively. Traders are feeling better about the moves to shore up the global financial system after the collapse of four banks . The salvation of the Swiss institution appears to be an important reason for theThe Dow Jones Industrial Average jumped 382.60 points, or 1.20%, to close at 32,244.58. Meanwhile, the S&P 500 rose 0.89% to end the session at 3,951.57. The Nasdaq Compositegained 0.

“There’s just a fundamental issue here,” said Eric Diton, president and managing director of The Wealth Alliance. “People who are holding uninsured deposits at regional banks are nervous and the banking system is based on competence, and trust. You’re not going to put your life savings somewhere, if you’re not 100% confident that it’s going to be there when when you need it.”.

…A BB+ credit rating is considered below investment grade, which means that the financial institution in question is particularly vulnerable to economic headwinds and thus is at higher risk of default.Signature BankThe Federal Deposit Insurance Corp. on Sunday announced the deal in which New York Community Bank agreed to purchase $38.4 billion of Signature Bank’s assets — about a third of its total $110 billion in assets when it failed last week.

For some, the debacle also raises questions about Switzerland’s financial regulator and whether authorities should have stepped in earlier to head off a crisis before it got out of control.

I didn't think you wingnuts were big globalists.😂

Propped up with tax payers dollars from around the world

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