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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.
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 ...
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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 ...
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.
Regional bank stocks are rallying. The reason: Fed Chair Jay Powell. And maybe Donald Trump too. The boss of the central bank made it clear over the last week that the Fed is inching closer to ...
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 ...
Regional bank stocks are back in the hotseat thanks to a truly horrific financial report from New York Community Bancorp. Regional banks are back in focus after NY Community Bancorp stock drops 38 ...