US financial authorities have seized California’s troubled First Republic Bank and sold it to JPMorgan Chase, hoping to bring to a close a two-month banking crisis that has spooked the financial system. First Republic became the third major financial institution in the United States to fail in two months. The deal, announced early on Monday, will see JP Morgan take $173bn of loans, $30bn of securities and $92bn of deposits from the failed lender. There were no details on how much the banking giant would pay. “Our government invited us and others to step up, and we did,” JPMorgan’s CEO Jamie Dimon said in a statement. Al Jazeera’s Kristen Saloomey […]
#creditSuisse #Deutsche #youtube Yahoo Finance’s Jared Blikre breaks down the importance of Credit Suisse’s and Deutsche Bank’s health in regard to the U.S. economy. Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes WATCH HERE: Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades […]
What’s going on with Credit Suisse? Yahoo Finance’s Seana Smith and Ines Ferre break down what happened with Credit Suisse over the last several days. The segment aired on March 15, 2023. #yahoofinance Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes WATCH HERE: Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas […]
#CreditSuisse #stockmarket #youtube Yahoo Finance Live’s Julie Hyman discusses Credit Suisse’s financial reporting. Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes WATCH HERE: Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To […]
#CreditSuisse #yahoofinance Yahoo Finance Live anchors Brian Sozzi, Brad Smith and Julie Hyman discuss stock performance for Credit Suisse. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental […]
#Archegos #Nomura # Yahoo Finance’s Julie Hyman and Steve Sosnick, Interactive Brokers chief market strategist, joins Yahoo Finance to discuss the market impact of Archegos defaulting on margin calls. Hedge fund blowup sends shockwaves through Wall Street and the City Oscar Williams-Grut·Senior City Correspondent, Yahoo Finance UK A little known hedge fund that blew up last week has sent shockwaves through the world of investment banking. Shares in Credit Suisse (CSGN.SW) and Nomura (8604.T) sunk over 10% on Monday after both warned they faced potentially billions in losses linked to hedge fund Archegos Capital. Banks that worked with Archegos and lent it money to buy shares were scrambling to offload […]
