Swiss Central Banks Race To Calm Markets After UBS Takes Over Credit Suisse - Windermere Sun-For Healthier/Happier/More Sustainable Living windermeresun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from windermeresun.com Daily Mail and Mail on Sunday newspapers.
here s michelle fleury with a look at how investors in new york responded. yes, there was guarded optimism on wall street following the shotgun marriage between ubs and credit grace that was hastily arranged by swiss authorities over the weekend. the dowjones industrial the dow jones industrial average jumped the dowjones industrial averagejumped more than the dowjones industrial average jumped more than 380 points, the snp 500 finished near nine tenths of a percentage point higher, while the tech heavy nasdaq index eked out a smaller game to finish up four tenths of a percent. bank stocks recoup some of their losses from last week s, the major exception was first republic bank who tumbled 47% on top of staggering falls last week. this is a report emerged that the ceo ofjp morgan chase was leading a new effort to try to stabilise the bank. the turmoil in the same banking over the last two weeks these are central bank in a pickle as it gets ready to
guaranteed banks that did fail there are too big to fail bank which don t fail, jpmorgan and credit suites on till now. here, we have a situation wher banks that are not considere too big to fail. they want a guarantee for thei depositors that is what was provided to silicon valley bank and to signature bank s depositors they re saying hey, they gav it to those two. now you can give it to us. some folks are gonna say. watching live pictures comin out of bernie switzerland here from of the authorities. swiss authorities. the central bank saying that they are backing up th purchase of credit suisse by evse offering all liquidity an i guess correction, than a sentence, that saying really give you all the money you nee for now. of course, with certai limitations? certain limitations i think the numbers 100 billion swis franks of the moment this is a way to say they re signaling that they re behin this
Transcripts for MSNBC Yasmin Vossoughian Reports 20240604 19:17:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.