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The major indexes were mixed Monday morning as traders considered the strength of the global financial sector in the wake of the recent banking crisis. News broke that UBS will take over struggling Credit Suisse, helping regional banks to recover from last week’s...
The major indexes fell Friday morning as banking sector concerns linger. Credit Suisse continues to struggle as investors consider the bank’s announcement it will borrow nearly $54 billion from the Swiss National Bank. Meanwhile, First Republic Bank (NYSE: FRC) slid...
The major indexes slipped Thursday morning as regional banks struggled amid fears of a growing banking crisis in the U.S and Europe. Credit Suisse announced plans to borrow up to $54 billion from the Swiss National Bank following reports the Saudi National Bank, its...