Tuesday, March 21, 2023

Credit Suisse went the way of Bear Stearns in 2008. But this crisis is different

On a Sunday in March 2008, the US government and bankers raced to finalize a rescue of Bear Stearns, pushed to the brink of collapse by what amounted to a run on the bank.
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Credit Suisse went the way of Bear Stearns in 2008. But this crisis is different
On a Sunday in March 2008, the US government and bankers raced to finalize a rescue of Bear Stearns, pushed to the brink of collapse by what amounted to a run on the bank. Read more »
 
JPMorgan is advising First Republic on another potential lifeline, sources say
JPMorgan Chase's investment bank has been hired to advise First Republic as the embattled regional bank tries to ease concerns about its financial condition, people familiar with the matter told CNN. Read more »
 
Janet Yellen: Further rescues of depositors could be needed if smaller lenders suffer bank runs
The federal government could once again come to the rescue of uninsured bank depositors if smaller lenders suffer bank runs like the one that collapsed Silicon Valley Bank, according to prepared remarks from US Treasury Secretary Janet Yellen. Read more »
 
Five questions for the Federal Reserve as the banking crisis drags on
The Federal Reserve has a lot of balls in the air: Central bank officials are attempting to juggle their economic goals of maximum employment and price stability while maintaining financial safety and security in the midst of a banking meltdown. Read more »
 
Latest on the banking crisis and global markets
Read more »
 
Asia Pacific stocks rise as investor worries about global banking turmoil ease
Stocks in the Asia Pacific region rose Tuesday as concerns about the global banking sector eased in response to a whirlwind of intervention by policymakers and industry players. Read more »
 
 
 
 
Dow Nasdaq S&P
+316.02   +184.57   +51.30
32,560.60   11,860.11   4,002.87
+0.98%   +1.58%   +1.30%
YTD -1.77%   YTD +13.32%   YTD +4.25%
 
Biggest Winners
First Republic Bank +29.47%
 
KeyCorp +9.34%
 
Comerica Inc +9.11%
 
Truist Financial Corp +9.03%
Biggest Losers
Atmos Energy Corp -4.07%
 
Consolidated Edison Inc -3.84%
 
Digital Realty Trust Inc -3.77%
 
CMS Energy Corp -3.13%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $69.47 +1.65 / +2.43%
Gold $1,943.60 -39.20 / -1.98%
10-yr 3.61% +0.13
Euro $1.08 +0.00 / +0.46%
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