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Bank Stocks Resume Slide As Relief Over Rescue Fades.

Authors :
Rennison, Joe
Karaian, Jason
Barbieri, Rich
Source :
New York Times. 3/18/2023, Vol. 172 Issue 59731, pB1-B2. 2p.
Publication Year :
2023

Abstract

The article reports on the shares of U.S. banks which dropped as financial relief to rescue banks fades following the collapse of Silicon Valley Bank and Signature Bank. It raises investors' concerns about the solvency of small banks and shows the shares decline of First Republic, PacWest, Western Alliance and Zions. It identifies signs of anxiety among banks such as borrowing of emergency funds from the central bank, tapping existing credit facilities and a program to shore up liquidity.

Subjects

Subjects :
*BANKING industry

Details

Language :
English
ISSN :
03624331
Volume :
172
Issue :
59731
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
162606878