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Bank Stocks Resume Slide As Relief Over Rescue Fades.
- 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 :
- *BANKING industry
Subjects
Details
- Language :
- English
- ISSN :
- 03624331
- Volume :
- 172
- Issue :
- 59731
- Database :
- Academic Search Index
- Journal :
- New York Times
- Publication Type :
- News
- Accession number :
- 162606878