All articles tagged with #share prices
The rescue of First Republic Bank by a group of investors failed to stop the slide in US regional bank shares, which have been hit hard by concerns over the impact of low interest rates and the economic fallout from the pandemic. The rescue deal was seen as a sign of confidence in the sector, but investors remain cautious about the outlook for regional banks.
The death of a CEO can cause huge share price swings when they depart, as seen in the fictional media conglomerate Waystar Royco in HBO's "Succession." Real-life precedent includes Apple's Steve Jobs, whose announcement of indefinite medical leave in 2011 caused shares to fall as much as 6%, wiping tens of billions off the company's valuation. However, there have also been examples of a share price rally following the death of a CEO, as investors see it as a company decoupling from a deadweight boss.