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%

Sverige Nyheter Nyheter

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...

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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

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.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »