News Formal

MARKET WRAP: JSE firms as banking sentiment lifts

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Nigeria News News

Moves by policymakers and the purchase of most of bankrupt Silicon Valley Bank’s business offer support

The JSE closed firmer on Tuesday in line with the global trend as markets welcomed efforts to halt further turmoil in the banking sector.

Market sentiment improved after news that First Citizens BancShares will buy the bulk of failed Silicon Valley Bank’s business. Bloomberg also reported that deposit outflows from small banks to industry giants such as JPMorgan Chase and Wells Fargo had slowed in recent days...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 12. in NG

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.

MARKET WRAP: JSE lifts as sentiment in the banking sector improvesRand extends last week’s losses as the US dollar firms
Source: BDliveSA - 🏆 12. / 63 Read more »

COMPANIES: Premier Group returns to the JSE after an 18-year hiatusThe Premier Group returned to the bourse on Friday, 24 March, giving investors access to trading in South Africa’s oldest food and packaged goods business.
Source: dailymaverick - 🏆 3. / 84 Read more »