Stock markets around the world have bounced back after the US and UK governments again reassured markets about banks' stability.But US stock markets were higher after Treasury Secretary Janet Yellen signalled the US government would protect people's deposits if another bank collapsed.NatWest, Prudential and Barclays shares gained about 5%, while Standard Chartered and Lloyds also traded higher.
Ms Yellen said the US intervention in the two bank collapses was necessary to "protect the broader banking system", after promising that all depositors in both banks would be protected. Ms Reeves asked whether the system is "adequate to protect taxpayers and depositors" and if the government can be confident that no other UK banks are vulnerable to failure after Silicon Valley Bank UK's collapse.having to be rescued by rival UBSMr Hunt said that markets are unsettled, but the UK financial system is "fundamentally strong" and UK banks are have enough money - much more than before the 2008 financial crisis.
Bring them down, bring them all down.
$GME is the only stock anyone should be looking at today and tomorrow. Up 40% today.
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