Tag: frx
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Cryptoverse: Bitcoin passes bank stress test
21 March (Reuters) – As the crisis haunts the traditional world of stocks and bonds, bitcoin suddenly looks like a safe haven. The notoriously volatile cryptocurrency seems positively healthy and savory, just as a banking collapse drives markets into the arms of a recession. Bitcoin is up 21% this month, while a choppy S&P 500 […]
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The quest for safety is easing as markets process Credit Suisse’s bailout
Credit Suisse plunges more than 60% after an emergency takeover over the weekend European Banks Backtrack Some Ground After Initial 5% Drop Treasury bonds and gold rise as investors seek safety Wall Street opens flat, First Republic Bank collapses LONDON, March 20 (Reuters) – European banking stocks fought back from an early slump on Monday […]
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Equity futures rise higher on Credit Suisse buyout
SINGAPORE, March 20 (Reuters) – US stock futures rose in Asian trading on Monday in relief following a weekend bailout for Credit Suisse, though the mood was jittery and financial stocks remained weighed down by contagion fears, even with support from global central banks. S&P 500 futures rose 0.5% in bumpy early trading. Japanese Nikkei […]
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ECB watchdog sees no contagion of Europe after US and Swiss bank rescues
March 17 (Reuters) – European Central Bank regulators see no contagion for eurozone banks from the recent turmoil, a source said Friday, after US lenders First Republic Bank (FRC.N) tossed a $30bn lifeline and record amounts from the Federal Reserve. To book. Major US banks stepped in on Thursday to bail out the San Francisco-based […]
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Asian markets are oozing with banking turmoil to end a tumultuous week
Asian Stock Markets: The ECB delivered a 50 basis point hike as promised, dropped forecasts Credit Suisse shares rallied 20% after support from the SNB First Republic Bank Gets $30 Billion Injection, Concerns Remain Fed data showed banks were looking for record emergency liquidity SYDNEY, March 17 (Reuters) – Asian markets extended a risk rally […]
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ECB interest rate hike expected after Switzerland supports Credit Suisse
Stocks rise as Switzerland provides Credit Suisse with lifeline Bond yields are rising, ECB expected rate hikes of as much as 50 basis points Oil climbs from 15-month low Graphic: World FX Rates LONDON, March 16 (Reuters) – European markets rallied on Thursday, as a 50 billion Swiss franc ($53.94 billion) lifeline for beleaguered lender […]
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Credit Suisse secures $54 billion lifeline as authorities scramble to prevent global banking crisis
March 16 (Reuters) – Credit Suisse (CSGN.S) said on Thursday it would borrow up to $54 billion from the Swiss central bank to bolster liquidity and investor confidence after a slump in its shares raised fears of a global banking crisis . The Swiss bank’s announcement on Thursday helped counter heavy selling in financial markets […]
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Asian stocks are gaining as fears of rapid rate hikes from the Fed and the banking crisis fade
SINGAPORE, March 15 (Reuters) – Asian stocks rose sharply on Wednesday, following a relief rally on Wall Street and as US inflation data delivered no nasty surprises, hopes were bolstered that the Federal Reserve is likely to go for a smaller rate hike when it meets next week . Investors piled back into stocks in […]
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Bank stocks are falling again as turmoil in the SVB market continues
LONDON/SINGAPORE, March 13 (Reuters) – Bank stocks in Europe and Asia plummeted Monday as the United States bailed out deposits from collapsed tech-focused lender Silicon Valley Bank, failing to reassure investors that other banks remain financially sound. The European STOXX banking index (.SX7P) fell 4.3%, after losing 3.78% on Friday, putting it on track for […]
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US stock futures rise as the Fed intervenes on banks
https://tmsnrt.rs/2zpUAr4 US authorities are acting to stabilize banks Markets are speculating on less aggressive Fed hikes Short-term Treasury yields fall, Fed futures rise SYDNEY, March 13 (Reuters) – US stock futures rose in Asian trading on Monday as authorities announced plans to mitigate the fallout from the Silicon Valley Bank (SVB) collapse, while investors bet […]