First Republic Bank shares slump 60% in premarket trade
First Republic Bank shares fell 60% after the weekend collapse of Signature Bank and Friday’s closure of SVB Financial, even as federal regulators stepped… Source
March 13, 2023
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Credit Suisse shares fall to new record low after collapse
Credit Suisse shares on Monday reached a new record low, falling as much as 9% as investors continued to hammer away at the stock of the Swiss banking giant… Source
Treasury yields plunge as SVB fallout seen slowing Fed rate
The U.S. 2-year bond yield has shed more than 80 basis points in three sessions as expectations for a 50 basis point rate increase by Fed in March evaporate. Source
Treasury monitoring a few banks ‘very carefully’ amid Silicon Valley
U.S. Treasury Secretary Janet Yellen says Friday she's tracking a number of banks as Silicon Valley Bank has faced major problems. Source
Dow suffers worst week since June as U
U.S. stocks ended sharply lower Friday as investors parsed mixed signals from the February jobs report amid ongoing concerns about contagion in the banking… Source