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Bank Contagion

All articles tagged with #bank contagion

Market Volatility Continues Amid Fed Signals and Moody's Warning
finance2 years ago

Market Volatility Continues Amid Fed Signals and Moody's Warning

The stock market rally rebounded strongly Thursday morning, but the major indexes slashed intraday gains, while the Russell 2000 hit a fresh 2023 low as Moody's Investor Service warned of wider bank contagion and economic fallout. Bank stocks were big losers Thursday. On the upside, homebuilders and semiconductor ETFs are looking strong. Investors should remain cautious as the rally attempt remains divided and volatile, with the banking sector a major negative.

via Investor's Business Daily|
#bank-contagion#finance#homebuilders
Market Volatility Continues Amid Fed Signals and Bank Warnings
finance2 years ago

Market Volatility Continues Amid Fed Signals and Bank Warnings

The stock market rally rebounded strongly Thursday morning, but the major indexes slashed intraday gains, while the Russell 2000 hit a fresh 2023 low as Moody's Investor Service warned of wider bank contagion and economic fallout. Bank stocks were big losers Thursday. On the upside, Meritage Homes and KBH stock flashed buy signals amid strong KB Home earnings and generally strong action among builders. The VanEck Semiconductor ETF cleared a buy point, offering a way to play the chip sector with NVDA stock and many hot semis extended. Investors should remain cautious as the rally attempt remains divided and volatile, with the banking sector a major negative.

via Investor's Business Daily|
#bank-contagion#finance#homebuilders
Regional banks seek financing amid credit rating concerns and market volatility.
finance2 years ago

Regional banks seek financing amid credit rating concerns and market volatility.

First Republic Bank had spoken to at least one private equity firm about raising capital before securing financing from JPMorgan Chase & Co and receiving support from US authorities. The private equity deal talks ended once First Republic announced its credit line with JPMorgan. The US Federal Reserve and other regulators announced emergency measures to shore up confidence in the banking system, which took away some of the urgency to do a deal. Shares of First Republic slumped more than 60% on Monday on fears of bank contagion following the collapse of SVB Financial Group and Signature Bank.

via Reuters|
#bank-contagion#finance#first-republic-bank