US stock futures were holding steady Monday after an extraordinary move by US financial regulators to restore confidence in the country’s banking system. S&P 500 futures gave up their overnight gains to trade flat and Nasdaq futures were 0.32% higher Monday morning. Dow futures, which rose in early morning trade, fell back 0.28%.
Stocks sank despite an announcement by HSBC\n \n Monday that it had bought the UK arm of SVB for £1 , saying the business’s customers could “continue to bank as usual” and that their deposits were safe. The FTSE-listed bank’s stock fell 3.5% in European trade. Asian markets mixed Asia-Pacific stocks were mixed as investors digested news of the US regulatory efforts. The losses were led by Japan’s benchmark Nikkei\n \n index, which closed 1.1% down.
But can't cancel student loans... Save the bank,screw the people.
The sheep will only read this headline and carry on with their lives like everything is fine. And that is the point of this headline. To keep the sheep in order.
CNN wrong again for the 5,019,456,234,111st time.
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:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US regulators bail out SVB customers, who can access all their money Monday | CNN BusinessBiden administration says depositors will have access to their money Monday after SVB's collapse as a second regional bank in New York failed Sunday. Socialism for the rich, rugged individualism for everyone else. So I assume forgiving all student debt & medical debt should be no problem now, right? 'Good news, folks! Your money is safe and sound...until the next regional bank decides to go belly up.'
Source: CNN - 🏆 4. / 95 Read more »
Circle Business Operations to Resume Monday Morning: CEOJeremy Allaire assured investors of safety of their funds amid SVB chaos
Source: Utoday_en - 🏆 295. / 63 Read more »
Use code 'Bankrun': Camp toy store pleads for help after Silicon Valley Bank collapse | CNN BusinessCamp, a toy company based in New York, has gotten caught up in the collapse of Silicon Valley Bank and is pleading with customers for help keeping it afloat No thanks it is the American way, companies come and go... Ny is a 🤡 show, like fake news CNN Hello Friends DM for communication. 10k followers $10 payment crypto usdt
Source: CNN - 🏆 4. / 95 Read more »
Takeaways from America's second-largest bank failure | CNN BusinessSilicon Valley Bank's 48-hour collapse led to the second-largest failure of a financial institution in US history. The main thing we will always know is that the rich will stay rich and keep getting richer. The middle class will always pay for it in the end. Please give coverage to Imran Khan's rally in Lahore who fighting for real democracy in Pakistan .. Nothing kills FIs like concentration risks. Also, as much as you try to liberalise trade & cash flow, prudential standards are there for a reason & adequate stress tests should be carried out before changing such guidelines albeit in phases too. This doesn't look isolated.
Source: CNN - 🏆 4. / 95 Read more »