Tag: SPDR S&P Regional Banking ETF
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First Republic rallies 25% Monday to lead regional banks’ comeback
Bloomberg News reported Saturday that US officials are considering expanding federal programs that provide banks with liquidity, in part to help First Republic search for a buyer. CNBC reported on Saturday that the inflow of deposits into major banks from the smaller regions has slowed significantly. Regional bank stocks have been under a lot of […]
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Why the stock market is looking past the worst banking mess since 2008 — for now
Judging by major indices, it will take more than the Federal Reserve to raise interest rates amid the worst banking mess since the 2008 financial crisis before stock market investors lose their cool. “Investors are broadly assuming that regulators will step in and shield the industry if they need to, which is what prevents it […]
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Finance Minister Yellen says the government can hold back more deposits if necessary
U.S. Treasury Secretary Janet Yellen testifies before the Senate Finance Committee on the proposed 2024 budget request, on Capitol Hill in Washington, DC, March 16, 2023. Andrew Caballero Reynolds | Afp | Getty Images Treasury Secretary Janet Yellen said on Tuesday that the government is ready to provide further deposit guarantees if the banking crisis […]
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First Republic falls: S&P credit rating downgrade
S&P downgraded its credit rating from BB+ to B+ on Sunday after first downgrading to junk status last week. The rating remains at CreditWatch Negative, according to S&P. Shares of First Republic fell sharply this month as the collapse of Silicon Valley Bank caused investors to rethink other banks with large uninsured deposits. A trader […]
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Stock market today: live updates
51 minutes ago Regional banking stocks under pressure due to fears of banking crisis Regional banking stocks plummeted last week as Wall Street became concerned about a widespread banking crisis. The SPDR Regional Banking ETF (KRE) fell 6% on Friday and ended the week 14% lower. First Republic has been the worst performer among regional […]
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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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Jitters in the banking sector could spell more pain for stocks as the Fed’s battle with inflation continues
Aftershocks from the collapse of three US banks in less than a week could hurt stocks even more in the coming weeks by creating new obstacles for the Federal Reserve in its fight against inflation, market strategists say. U.S. authorities, including the Fed, Treasury and Federal Deposit Insurance Corp., jointly announced Sunday evening that Signature […]
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Silicon Valley Bank is down another 45%, putting pressure on the banking sector again
In this photo an image of the trading chart TradingView of SVB Financial Group displayed on a smartphone with the logo of SVB Financial Group in the background. Igor Golovniov | Rocket | Getty Images Shares of SVB Financial Group, better known as Silicon Valley Bank, plummeted for a second day on Friday, once again […]