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Large and Regional Banks Selloff Drives Market Indexes Down On Wall Street

Mar 17, 2023
Barry Adams
Nervous investors sold bank stocks amid growing realization that the U.S. banking system may need fresh injection of capital from Federal Reserve.

11 Big Banks to Temporarily Deposit $30 Billion In First Republic Bank

Mar 16, 2023
Barry Adams
The $30 billion deposit from 11 largest banks in the U.S. may shore up confidence in First Republic for a while, but regulators will struggle to arrange similar temporary fixes as losses mount in the assets held by regional and large banks.

Federal Reserve and Regulators are Powerless In Preventing Bank Runs, U.S. Stocks Rebounded

Mar 16, 2023
Barry Adams
Financial and bank regulators are lagging in the fast evolving crisis in the mid-sized banks, aided by the rapid rise in interest rates.

Bank Sector Chaos Highlights Deeper Regulatory Shortfalls, Crude Oil at New 15-month Low

Mar 15, 2023
Barry Adams
Banks resumed selloff amid growing worries of the rising interest rate risks evolving to deposit risks forcing banks to raise more capital and seek merger partners. Crude oil dropped to a new 15-month low.

European Markets Closed at One-year Lows On Rising Bank Sector Worries

Mar 15, 2023
Bridgette Randall
New worries of the health of the banking system added to market jitters as investors grappled to separate undercapitalized banks that may suffer from high interest rate risks.

Stock Markets Tumble as Bank Worries Spread to Europe

Mar 15, 2023
Barry Adams
Market indexes in the U.S. and Europe dropped sharply on the growing realization that rising interest rate risks could lead to deposit risks and may create conditions for a bank run at undercapitalized banks.

Wall Street Powered Ahead as Interest Rate Risks Deepen for U.S. Banks

Mar 14, 2023
Barry Adams
Swift and strong actions by bank regulators and government officials calmed market nerves. However, banks of all sizes face larger interest rate risks and worries of deposit outflows as the economy slows down and higher rates stay longer.



Major Averages Advanced After February Inflation Eased, Regional Banks Rebounded

Mar 14, 2023
Barry Adams
Market indexes advanced after overall inflation eased in February. Regional banks rebounded and trimmed losses of the previous three sessions. Moody's lowered its view on the entire U.S. banking system and placed six banks on its watch list.

Sharp Swing In Treasury Yields After Traders Bet On Rate Hike Pause

Mar 13, 2023
Barry Adams
Treasury yields dropped the most since 1987 after a 3-dey decline extended losses to the levels not seen in decades as investors grappled with what else financial regulators and the Federal Reserve bankers do not know.

Federal Reserve, FDIC and Treasury Department Move to Stop SVB Contagion from Spreading

Mar 13, 2023
Barry Adams
Financial regulators and Treasury officials worked together to prevent the SVB fallout from spreading to other banks and keep the banking system stable. Despite the swift actions, future interest rate hikes are only going to exacerbate the situation for thinly capitalized banks with a higher percentage of uninsured deposit base.

Silicon Valley Bank's Rapid Collapse Fueled Losses On Wall Street

Mar 10, 2023
Barry Adams
The rapid demise of Silicon Valley Bank highlighted fragility of the banking system and inadequacies of the regulatory system. Investors shunned bank stocks in the US and Europe and major averages dropped 2%.

Bond Yields Dropped After Investors Focused on Moderate Wage Gains In Employment Report

Mar 10, 2023
Barry Adams
Major averages lacked direction after employers expanded payrolls at a brisk pace in February but wage gains moderated. Treasury yields plunged. About 15% of S&P 500 index stocks traded at new 52-week lows.

S&P 500 and Nasdaq Down 2% Ahead of Friday's Jobs Report

Mar 9, 2023
Barry Adams
The S&P 500 and the Nasdaq Composite indexes fell 2% ahead of the closely watched nonfarm payroll report on Friday. Energy prices in New York and Europe declined.

Investors Struggle to Adjust to Fed's Delayed Stronger Action Message

Mar 9, 2023
Barry Adams
Major averages meandered on rate path worries and kept investors on edge ahead of Friday's nonfarm employment report.



Caught Between Recession and Inflation Worries, Investors Stay Undecided

Mar 8, 2023
Barry Adams
Private payrolls data suggested that despite multiple rate hikes the U.S. economy is standing strong and faster rate hikes may be needed to cool inflation to the long run average of 2%.