Published 1 year ago

Stocks rally after battered First Republic gets a lifeline

Summary by Ground News

S&P 500 jumps 1.8% for its best day in nearly two months. 11 of the biggest banks said they would deposit a combined $30 billion into First Republic Bank. Concerns have been flaring since Friday's collapse of Silicon Valley Bank. European stocks rose after the European Central Bank announced a hefty increase to interest rates.

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The Epoch Times

Stocks Rally After Battered First Republic Gets a Lifeline

NEW YORK—Stocks rallied Thursday after a group of big banks offered a lifeline to the bank that investors had zeroed in on in their hunt for the industry’s next victim. The S&P 500 jumped 1.8 percent for its best day in nearly two months after 11 of the biggest banks said they would deposit a combined $30 billion into First Republic Bank. The Dow Jones Industrial Average erased an early loss of 300 points to climb 371 points, or 1.2 percent, whi…

1 year ago·New York, United States

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Flin Flon Reminder

Stocks rally after battered First Republic gets a lifeline

NEW YORK (AP) — Stocks rallied Thursday after a group of big banks offered a lifeline to the bank that investors had zeroed in on in their hunt for the industry’s next victim. The S&P 500 jumped 1.

1 year ago·Flin Flon, Canada

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Rocky Mountain Outlook

Stocks rally after battered First Republic gets a lifeline

1 year ago

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The Korea Times

Stocks rally after battered First Republic gets lifeline

Eleven of the biggest banks in the country announced a $30 billion rescue package for First Republic Bank on Thursday, in an effort to prevent the California-based bank from becomi...

1 year ago·Korea, Republic of

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Portland Press Herald

Stocks rally after battered First Republic gets a lifeline

This week has been a whirlwind for markets globally on worries that banks may be bending under the weight of the fastest set of hikes to interest rates in decades.

1 year ago·Portland, United States

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