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Regional bank stocks struggled for much of 2023 after the collapses of Silicon Valley Bank and Signature Bank sparked a flight on deposits and sent shockwaves through the stock and bond markets.
The stock declines underscore a disconnect between gloomy investor sentiment surrounding regional banks and the optimism that the crisis is over expressed by big names in Washington and on Wall ...
The losses Silicon Valley Bank took on its bond portfolio, along with the deposit outflows, were like two big holes in the side of the ship.As a result, the bank's credit rating was slashed ...
Elsewhere, in the crypto market, Bitcoin soared over 15% to over $25,000 in the past 24 hours amid SVB and Signature Bank fallout. Bitcoin gained 37% this year, outperforming the S&P 500 by a ...
First Republic (FRC) and other regional banks are up sharply, in a stunning reversal from the previous session when the sector was hammered following the collapse of Silicon Valley Bank.
After shooting up nearly 30% at the market open, PacWest Bancorp shares pared most of those gains. The stock was up less than 4% at market close after the bank cut its dividend and CEO Paul Taylor ...
U.S. stocks were mixed on Monday, as bank stocks moved upward after North Carolina-based First Citizens bank agreed to buy most of Silicon Valley Bank.At the close, the S&P 500 edged up 0.2% and ...
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