Emily climbs book5/29/2023 ![]() ![]() The $2.5 billion SPDR S&P Regional Banking exchange-traded fund closed at the lowest since October 2020. A probe into Goldman Sachs Group Inc.’s role in Silicon Valley Bank’s deal also weighed on sentiment.Īll 21 shares in the KBW Bank Index of financial heavyweights such as JPMorgan Chase & Co. down over 30% after its merger with Toronto-Dominion Bank was scrapped. The rout engulfed several other lenders - big and small - with First Horizon Corp. ![]() ![]() JPMorgan Sees Investors Moving to Gold, Tech Amid Recession RiskĪnother unsettling round of trading halts in the financial industry hit Western Alliance Bancorp and PacWest Bancorp this time amid losses that topped 60% for each stock. Heavy Marijuana Use Increases Schizophrenia in Men, Study Finds Peter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveĪpple Shares Rise After iPhone Bounces Back, Sales Top EstimatesĬhina Takes the Yuan Global in Bid to Repel a Weaponized Dollar rose in late hours after reporting earnings. ![]() (Bloomberg) - A rout in regional banks roiled markets, with anxiety about the next financial shoe to drop making traders boost their bets on Federal Reserve rate cuts. ![]()
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