Stocks drop as fears grow about the global banking system

AFP via Getty Images

A woman is seen in silhouette walking past a branch of Switzerland's Credit Suisse bank in western Switzerland, on March 15, 2023. A steep drop in shares of the troubled lender have sparked fears that fears about the banking system are spreading globally.

The largest banks in the U.S. have been trading down. Shares of J.P. Morgan Chase and Goldman Sachs are both down by more than 4.5%. Meanwhile, smaller, regional banks, which staged a comeback on Tuesday, are seeing their stock prices fall again. San Francisco-based First Republic Bank has been trading down by more than 15%.Based in New York, David Gura is a correspondent on NPR's business desk. His stories are broadcast on NPR's newsmagazines, All Things Considered, Morning Edition and Weekend Edition, and he regularly guest hosts 1A, a co-production of NPR and WAMU.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

Credit Suisse unease sparks fresh selloff in world stocksRenewed unease gripped world markets on Wednesday as news that Credit Suisse's largest investor said it could not provide the Swiss bank with more financial assistance sent its shares and broader European shares sliding once more.
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

Credit Suisse unease sparks fresh selloff in world stocks By Reuters⚠️BREAKING: *EUROPEAN STOCKS PLUNGE AS CREDIT SUISSE UNEASE SPARKS FRESH SELLOFF IN BANKS 🇪🇺🇩🇪🇫🇷🇮🇹🇪🇸🇬🇧 Woohoo I’m happy that I use creditscom app
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

STOCK MARKET NEWS: US stocks tumble, Credit Suisse shares fall sharplyWall Street falls sharply, Credit Suisse weighs on European banks. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Herkunft: FoxBusiness - 🏆 458. / 53 Weiterlesen »

Stocks making the biggest moves premarket: Credit Suisse, Lennar, PacWest & moreShares of Credit Suisse and several other European banks were halted from trading as prices plummeted. Because they Fed just propped them up. Everything things fine
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »