Shares of major U.S. regional banks fell further on Tuesday in the aftermath of the collapse of First Republic Bank , the largest U.S. bank failure since the 2008 financial crisis.
Here is what analysts are saying about the sell-off in regional banks:"If a 'confidence crisis' can happen to First Republic, it can happen to any bank in this country."
"I think the forces are in place to deliver trouble in the world of banking. That’s going to spill over necessarily into monetary policy, into bond prices and stock prices.""It's been interesting to see how there was a sort of a complacency that took hold after it . It felt like there wasn't going to be any continued spillover effects from those initial issues that cropped up in late march.
"But I'm of the view that it is a bit overdone simply because the market is reflecting lower interest rates now than we did a few months back. Some of the pressure on the balance sheets is better. The Fed programs of providing liquidity is working and some of the bigger banks like JPMorgan can step in when necessary to either buy or rescue a bank."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
US regional banks fall as FRC failure shakes faith in banking sector recoveryShares of major U.S. regional banks fell further on Tuesday in the aftermath of the collapse of First Republic Bank , the largest U.S. bank failure since the 2008 financial crisis.
Consulte Mais informação »
BTC/USD Forex Signal: Bitcoin Price Drifts Lower After FRC SBitcoin and other cryptocurrencies continued slipping as the recent bullish momentum faded.
Consulte Mais informação »
Who’s the next Chegg? A.I. could threaten the main revenue sources for these companiesTuesday's selloff in Chegg shares exposed some investors to the potential drawbacks of artificial intelligence
Consulte Mais informação »
Reactions: JPMorgan buys First Republic Bank's assetsJPMorgan Chase & Co , the biggest U.S. bank by assets, said on Monday it will buy most of First Republic Bank's assets after U.S. regulators seized the troubled bank.
Consulte Mais informação »
Reactions: US Treasury's new June 1 debt ceiling X-dateU.S. Treasury Secretary Janet Yellen said in a letter to Congress that the agency may be unable to meet all of its debt obligations as soon as June 1 if the debt ceiling is not raised, putting new urgency on talks in Congress.
Consulte Mais informação »