U.S. stock futures are flat as traders assess banking system stress after UBS-Credit Suisse deal: Live updates

using fed funds futures contracts as a guide. The other 38% is in the no-hike camp, anticipating that Chairman Jerome Powell may start to ease his aggressive tightening campaign that began in March 2022, in the face of the emerging financial contagion.

UBS agreed to buy Credit Suisse for 3 billion Swiss francs, or $3.2 billion, with the combined bank to have $5 trillion in assets. Credit Suisse shares were down 21% last week. Shortly after UBS announced its takeover deal, the Fedit had joined with other central banks in a joint liquidity operation. The group of central banks — including the Bank of Canada, Bank of England, Bank of Japan, European Central Bank and Swiss National Bank — agreed to increase the frequency of their U.S.

UBS's takeover of its beleaguered rival is "unambiguously good for the overarching concerns about the stability of the global banking sector," according to B. Riley Wealth Management chief market strategist Art Hogan. But traders may be eager for more to be done by regulators to stem the slide in regional banks. First Republic shares fell 17% in the premarket Monday after losing 72% last week. The declines come even after a group of banks Thursday pledged to deposit $30 billion for at least 120 days in the embattled San Francisco institution. The

Now, which I institution have coco bonds?

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow futures rise after UBS buys Credit Suisse to stem bank crisis: Live updatesInvestors remained on edge as the week's trading began with regional banks still under pressure to shore up their deposit bases. A big middle finger to shareholders, paying pennies to them, while running away with 500 billion in deposits. Like a true elite would, regulations seem designed to keep the poor down, and elite ever growing. I see this in market rules also. It will be way less than the $3.2Billions since it is all stock deal UBS will tank at least in the short term They are distracting the country w/a Trump indictment They’re *desperate* to get people to not focus on the fact that the US financial system is effectively insolvent Banks hold over $600 Billion in unrealized losses If everyone tries to pull money out, it collapses
Source: CNBC - 🏆 12. / 72 Read more »