First Republic Bank slumped 67 per cent before being halted amid growing worries about the state of U.S. regional banks. The KBW Bank Index is on track for its biggest one-day drop since the start of the COVID-19 pandemic.
“Bond yields go up, which signal to the rest of the market that there is an increasing probability of default and loss severity. Even if the bank is well capitalized,” she added.Article content “The Fed has to be off the table for now. They pushed on rates until something cracked, well guess what? Something cracked,” said Peter Tchir, head of macro strategy at Academy Securities, on Bloomberg TV.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks steady as investors bet SVB collapse will force Fed to halt hikesTraders bet the collapse of SVB will compel the Federal Reserve to halt interest rate hikes. Read more
Source: nationalpost - 🏆 10. / 80 Read more »
Stocks steady as investors bet SVB collapse will force Fed to halt hikesTraders bet the collapse of SVB will compel the Federal Reserve to halt interest rate hikes. Read more The mention of pause or pivot.... will make markets take off What's with American banks? They open and shut down like pizza places!!! Wouldn't want to live there if you can't trust the freaking banks
Source: financialpost - 🏆 7. / 85 Read more »
Ripple discloses exposure to SVB; not caused business operations disruptionWhile the future of Silicon Valley Bank (SVB) is still being decided, another crypto player has declared exposure to the failed bank. And, this time around the firm in the headlines is Ripple – a popular blockchain-based digital payment network. In a Twitter thread, CEO Brad Garlinghouse stated that the company had exposure to SBV. […]
Source: CryptoAmb - 🏆 22. / 68 Read more »