First Republic leads surge in bank stocks as Fed comes into focus

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المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Worries over the health of midsized US lenders linger, particularly First Republic Bank. But Credit Suisse's rescue appears to have assuaged the worst fears of systemic contagion.

After surging as much as 60% during Tuesday’s session, First Republic shares ended 29.5% higher, recovering some of their deep losses over the past two weeks, while larger US banks also rallied. First Republic has shed 80% of its market value this month, even after Tuesday’s rebound.

A sale of loans to other parties, including private equity firms, is one option under consideration, two of the sources said. While a sale of the entire bank remains possible, First Republic is focused on raising capital, the third source said. Yellen’s reassurances were echoed in Britain by finance minister Jeremy Hunt, who said banks and the financial system there were well-placed to cope with the problems, and by Swedish central bank Governor Erik Thedeen.

 

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين