Tag: JPMorgan Chase & Co
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Bank stress brings US closer to recession
Recent banking turmoil could push the US closer to recession, Minneapolis Fed president Neel Kashkari said in an interview with CBS’ “Face The Nation.” “What is unclear to us is how much of this banking stress leads to a widespread credit crunch,” he said. “What’s unclear to us is how much of this bank stress […]
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Deposit outflow from small banks to JPM, WFC, C delayed
The wave of deposits moving from smaller banks to big institutions like JPMorgan Chase and Wells Fargo has slowed to a trickle in recent days, CNBC has learned. Deposit outflows, which rocked markets worldwide and forced regulators to step in to protect bank customers, began to improve around March 16, people with knowledge of inflows […]
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SQ, DB, GME, ATVI and more
Jack Dorsey, chief executive officer of Square Inc., second right, gives a tour of the floor of the New York Stock Exchange (NYSE) in New York, USA, on Thursday, November 19, 2015. Jana Paskova | Bloomberg | Getty Images Check out the companies making headlines during midday trading. Block — Shares fell nearly 3%, after […]
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Do you want to buy shares of major banks? JPMorgan JPM vs Bank of America BAC explained
Not only the shares of regional banks have been affected by the recent banking crisis, the shares of large-cap banks have also plummeted. But some analysts think the drop has been exaggerated, and retail investors flocked last week to buy the dip in the largest, traditional US banks. Still, there may be more room to […]
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From the sudden collapse of the SVB to the consequences of Credit Suisse: 8 charts show turbulence in the financial markets
A tumultuous week in US financial markets ended on an uncertain note Friday after a massive $30 billion injection of large bank deposits into First Republic Bank failed to appease investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – concerns about weakness in […]
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5 things you need to know before the stock market opens on Friday, March 17
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 16, 2023. Brendan McDermid | Reuters Here are the most important news items investors need to start their trading day: It looks like major stock averages may be moving ahead this week, on pace for a winning week […]
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Four regional bank stocks for the brave to buy, according to UBS
The sell-off at regional banks is exaggerated, with four names UBS says look particularly attractive at these levels. While bank stocks rallied higher on Thursday, volatility has increased this week. The banking sector began a nosedive shortly before the collapse of Silicon Valley Bank (SVB) and has continued this week despite regulators saying on Sunday […]
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FDIC transfers all deposits from Silicon Valley Bank to the newly established bridge bank
The Federal Deposit Insurance Corp. said Monday it transferred all deposits, both insured and uninsured, from the former Silicon Valley Bank to a newly created full-service FDIC-managed bridge bank in a move that aims to protect all of the bank’s depositors. The move comes after the regulator closed the bank and its 13 branches on […]
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Venture investors pledge to partner with Silicon Valley Bank if a new owner is found
On March 10, 2023, a sign hangs at the headquarters of Silicon Valley Banks in Santa Clara, California. Noah Berger | AFP | Getty Images More than 300 venture capital firms have signed a joint statement promising to do business with Silicon Valley Bank again if it is “purchased and appropriately capitalized” after the financial […]