Economy & Markets
The important economic and stock market news that advisors need to know.
Banks Crater, Bonds and Stocks Rally in a Wild Day for Markets
By Jessica Menton | Matt TurnerFirst Republic Bank's shares sank 62% and those of Western Alliance fell 47%, tripping trading halts along the way.
March 13, 2023
SVB Collapse Is 'First Twitter-Fueled Bank Run': LawmakerRep. McHenry says he and other lawmakers are "assessing the right path forward"; Valliere anticipates "lots" of hearings.
March 13, 2023
'We've Just Lived Through a Financial Accident': Mohamed El-Erian"People are revisiting rightly the value of bank stocks and bank bonds," Allianz's chief economic advisor said.
March 13, 2023
Schwab Stock Pares Decline After Brokerage Seeks to Calm InvestorsSchwab, like SVB, has a large investment securities portfolio and is sitting on significant paper losses in its held-to-maturity books.
March 13, 2023
Your Client Gets a Buyout Offer From Their Company. Should They Take It?A buyout package could have tax and retirement planning implications.
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.