, for $3.23 billion, in a merger engineered by Swiss authorities to avoid more turmoil in the banking group.The collapse of Silicon Valley Bank and Signature BankWhile the focus remains on banks, "the situation at least for now has passed, and the market is back in somewhat oversold conditions due to this banking crisis, and buyers who sold across the board are now coming back," Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.
The Credit Suisse takeover helped the market, but U.S.-listed shares of Credit Suisse were down 52% on Monday, while UBS Group shares were up 4.2%.
get out of banks
DoN bass, Dj and Nas. Come dance with me 🤣
The stock market should never be an indicator of a country’s economic health. Why do you think the banks got bailed out. therichownwallstreet StockMarket economy wehavebeenplayed theydontcareaboutus wealth BankingCrisis bidenlieden biden
84% of all shares held by American households are owned by the wealthiest 10%. These figures come from a 2017 study by the economist Edward N Wolff who used data from the Survey of Consumer Finances to reveal just how skewed US stock ownership is. The stock market won’t crash
the central banks have printed so much money....the American and European economy will no longer be able to save the banks in the world with the money printed...all the banks are going bankrupt..the economy is going into hyperinflation..people don't trust banks anymore
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