SVB collapse: Three banks that could show if market has shaken off 'contagion'

  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 94%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

Regional bank stocks reported some recovery today after sharp declines were incurred over the weekend due to the collapse of Silicon Valley Bank. Three key regional bank stocks all saw increases during early market trading.

Key regional bank stocks, including First Republic, KeyCorp, and Fifth Third Bancorp, all saw increases during early market trading despite recording their worst drops in more than three years on Monday. First Republic was up 20% as of Tuesday morning, while KeyCorp reported a 12% increase.

Other large banks such as Wells Fargo, Bank of America, and Morgan Stanley also reported growth on Tuesday morning, and stock futures were on the rise as of 7:20 a.m. EST.The latest development comes after the collapse of SVB and Signature Bank late last week, which prompted major federal intervention to backstop uninsured deposits in a bid to halt panic.

SVB announced on Wednesday it had sold $21 billion in bonds, cementing $1.8 billion in previously unrealized losses. That announcement sparked a frenzy among venture capital firms, which reportedly began advising clients to pull their money from Silicon Valley Bank — causing its stock to be thrust into a free fall.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 6. in CO
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock Market Today: Regional Bank Shares Tumble After Regulators Announce Silicon Valley Bank PlanRegional bank shares slid premarket and investors piled into the safety of bonds after regulators tried to limit the damage from Silicon Valley Bank's collapse creditscom creditscom creditscom
Fuente: WSJ - 🏆 98. / 63 Leer más »

Stock market news today: Investors digest Silicon Valley Bank collapseUS stocks fall as investors brace for further impacts of Silicon Valley Bank's collapse Nothing to worry about if you invest in quality companies
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »