Economy & Markets
The important economic and stock market news that advisors need to know.
'We've Just Lived Through a Financial Accident': Mohamed El-Erian
By Dinah Wisenberg Brin"People are revisiting rightly the value of bank stocks and bank bonds," Allianz's chief economic advisor said.
March 13, 2023
VIX Soars as Markets Rush for Cover on Financial Contagion RiskShares of regional banks kept bleeding even after authorities introduced a new backstop for lenders.
March 13, 2023
Bank-Rescue Doubts Persist as First Republic Shares PlummetThe company's stock plunged a record 70% Monday morning.
March 12, 2023
U.S. Rushes to Avert Crisis With SVB Deposit Guarantee, Bank FundFederal authorities moved to address concerns Sunday, when Signature Bank was closed by state regulators.
March 11, 2023
SVB's Auction Block Includes Wealth Unit, Fund ManagerThe unit had $17 billion in assets, including from clients gained in its 2021 acquisition of Boston Private.
March 10, 2023
S&P 500 Close to Wiping Out 2023 GainsAs risk assets got pummeled, the U.S. stock benchmark headed toward its worst week since September.
March 10, 2023
Silicon Valley Bank Collapses in Biggest Failure Since 2008Its problems mounted after Peter Thiel and other venture capitalists advised companies to pull money from the bank.
March 09, 2023
Stocks Sink to 7-Week Low as Banks ClobberedBank stocks came under fire after Silvergate Capital Corp. collapsed overnight, stoking concerns of broader dangers.