Financial stocks were mostly lower Wednesday ahead of a Federal Reserve decision expected to signal whether the central bank is concerned that bank collapses could spell trouble for the economy
the collapse of several banks could spell trouble for the rest of the sector and the economy.
The KBW Nasdaq index of commercial banks and the SPDR S&P Regional Banking ETF both slid about 2%. Shares of two major regional banks, PNC Financial Services Group and U.S. Bancorp , each fell more than 2%, while Capital One Financial Corp. was down about 1.5%. JPMorgan Chase & Co., Wells Fargo & Co. and Bank of America Corp. were each about 1% lower.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Here's everything the Federal Reserve is expected to do WednesdayThe Fed will close its two-day meeting Wednesday with a heavy air of uncertainty.
Leer más »
Housing Market: Mortgage Rates Sink To 5-Week Low Amid Bank HavocThere may not be much time to rejoice if the Federal Reserve increases interest rates Wednesday.
Leer más »
Warren Says Trump-Picked Jerome Powell Has “Failed” as Chair of Federal ReserveSen. Elizabeth Warren is intensifying her scrutiny of federal financial regulators after the second-and third-largest bank failures in U.S. history.
Leer más »
Gold Price Forecast: XAU/USD grinds beyond $1,940 support, banking crisis, Federal Reserve in focusGold price (XAU/USD) struggles for clear directions around $1,980, following a pullback from the yearly high above $2,000, as markets slip into the ca
Leer más »
Five questions for the Federal Reserve as the banking crisis drags on | CNN BusinessThe Federal Reserve has a lot of balls in the air: Central bank officials are attempting to juggle their economic goals of maximum employment and price stability while maintaining financial safety and security in the midst of a banking meltdown.
Leer más »
What if every American had the same Federal Reserve perks as banks?In the aftermath of Silicon Valley Bank failing earlier this month, the Federal Reserve announced it was further increasing its support for commercial banks, creating a plan that effectively backstopped all deposits, insured and uninsured, across the U.S. financial system. Banks with accounts with the Fed enjoy a number of perks like higher interest rates and instant transfers not available to average Americans and businesses, but one proposal could change that by creating a 'public banking option,' potentially helping millions of people.
Leer más »