Bank rescues ease crisis fears but investors worry it's not enough
By Pete Schroeder, Tom Westbrook and Scott Murdoch
Source: gazette.com
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Bank rescues ease crisis fears but investors worry it's not enough – The Times Of Earth
A $30 billion lifeline for First Republic Bank (FRC.N) hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled
Source: timesofearth.com
Investors fear persist amid SVB's rescue by large US bank
Banking stocks globally battered since Silicon Valley Bank collapsed last week due to bond-related losses
Source: geo.tv
WRAPUP 9-ECB watchdog sees no Europe contagion after US, Swiss bank rescues
The scale of stress was underscored by data on Thursday showing banks in the U.S. sought record amounts of emergency liquidity from the Fed in recent days, driving up the size of its balance sheet after months of contraction. The First Republic deal was put together by power brokers including U.S. Treasury Secretary Janet Yellen, Fed Chairman Jerome Powell and JP Morgan CEO Jamie Dimon, a source familiar with the situation said.
Source: devdiscourse.com
South African rand, Eskom bonds strengthen after budget speech.
Sterling retreated on Wednesday, after surging on the back of stronger-than expected British business activity
Source: thesouthafrican.com