US Regional Banking Index Down 9% YTD Amid Worries of Crisis
NYCB suffered a record single-day stock decline this week, broadening KBW Regional Banking Index's losses to 9% year-to-date.
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BTC$63,649.00+1.27%
ETH$1,666.20+0.82%
USDT$0.9994+0.08%
USDC$0.9998+0.03%
XRP$1.13+0.57%
SOL$66.88+1.42%
TRX$0.3154+0.82%
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USDS$0.9997+0.00%
LEO$9.56-0.55%
RAIN$0.013-0.97%
ZEC$412.41-1.07%
XMR$340.72-11.83%
As First Brands’ bankruptcy unravels, signs point to a deeper collateral risk brewing across mid-sized lenders.
NYCB suffered a record single-day stock decline this week, broadening KBW Regional Banking Index's losses to 9% year-to-date.
SoFi's shares surged over 16% in premarket trading after the company posted its first quarterly profit.
JPMorgan's shares rose 2.6% in premarket trading after record full-year profit and revenue.
UBS's shares rose 1.3% in the US despite reporting a significant net loss of $785 million in Q3 2023.
Nubank's parent company stock has gained over 130% in 2023 on the back of strong earnings growth and improving profitability.
Bank of America and Goldman Sachs continued the strong earnings performance of their peers, with both posting robust Q3 profits on Monday.
The US equities rose higher on the Friday market open after the big 4 Wall Street banks unveiled better-than-anticipated Q3 reports.
The refreshed Middle Eastern conflict reshuffles the odds.
After the crisis in spring, banks may come under pressure once again as soverign bond yields soar to new peaks.
The FDIC has been struggling to offload approximately $12.7 billion in bonds tied to project loans supported by Ginnie Mae.
MetaMask will now offer its users a chance to cash out their ETH to PayPal and bank accounts.
The Colorado Department of Motor Vehicles is all set to accept payments in cryptocurrency via PayPal.