Larger US banks were also caught up in the market chaos.Wells Fargo declined more than 5%, while Citigroup shares were down nearly 5%. Bank of America sank more than 4%. Goldman Sachs fell nearly 4%.The stock plunge extended to the broader market.
Dow Jones Industrial Average futures were down about 600 points on economic worries. The tech-heavy Nasdaq futures were down more than 200 points and broad-based S&P 500 futures were down more than 80 points. The entire banking sector has been under pressure since federal regulators were forced to shut down SVB and another failed institution, Signature Bank of New York.The feds have reportedly investigating the inner workings at SVB prior to its failure — including
On Tuesday, Reuters reported that the Federal Reserve is mulling stricter rules and oversight for midsized banks in the wake of SVB’s collapse.
NSO365 👆👆👆
Soon the comedian ZelenskyWarCriminal will ask for more money, and Brandon will provide him with another $100 billion.
Way to go BIDEN - asleep at the wheel
Reckless spending, on COVID vaccines, and hopelessly self destructive Ukraine war effort, by the govts coming to haunt European, US banking sector? Which other sectors are going to go down?
Nederland Laatste Nieuws, Nederland Headlines
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Stock Market Today: Dow Futures Drop 600 Points, Credit Suisse Stock Price Down 25%The Dow dropped more than 500 points as banking fears increased and Credit Suisse shares tumbled. Treasury yields fell sharply. Probably good for inflation. “Edna! Get my broker on the line! We’re putting everything in Gold! We’re circling the drain! And bring the Maker’s Mark with you!”
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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.
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