Shares of the broker, which is actually a savings and loan holding company, were down 19% Monday morning, following a 24% drop the previous week.
Next Avenue: Where’s the best place to retire? How politics is playing a role in this big life decision.
In addition to considering recreation, climate, cost and proximity to family when deciding where to retire, add one more factor: politics
Crypto: Binance to convert $1 billion in stablecoin to bitcoin, Ether and other cryptocurrencies
The world’s largest crypto exchange by trading volume will covert BUSD to Bitcoin, Ether, and other tokens using its Industry Recovery Initiative funds
Market Extra: The euro and bitcoin look set to resume their rallies, says noted technical analyst DeMark
Technical analyst Tom DeMark, whose indicators are designed for anticipating turning points and overextended price moves, says it’s looking good again for both euro and bitcoin.
Metals Stocks: Gold ends at 5-week high after U.S. authorities intervene to backstop bank depositors
Gold prices finished at a five-week high as the U.S. dollar weakened and Treasury yields declined.
: BILL’s stock on track for a rebound amid protections for SVB depositors
Shares of BILL Holdings Inc. were on track for a rebound Monday after the U.S. government announced protections for Silicon Valley Bank depositors.
: Biden says Americans can have confidence that banking system is safe
President Joe Biden spoke about the steps taken over the weekend to protect the U.S. banking system and the economy.
: Western Alliance and First Republic clobbered as regional bank jitters persist despite Fed backstops
Lender to wealthy Silicon Valley customers First Republic Bank’s stock dove as regional banks remained in focus after demise of SVB and Silvergate.
: FDIC transfers all deposits of Silicon Valley Bank to newly created bridge bank
The FDIC has moved to protect all depositors of the former Silicon Valley Bank.
Need to Know: SVB’s rescue means the Fed won’t hike rates in March, says Goldman Sachs
One casualty of regulators rescuing SVB depositors? There will be no March rate hike, says Goldman Sachs.
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