Fri, Jul 14, 2023
JPMorgan Chase & Co. said second-quarter profits rose by 67 per cent as the nation's largest bank made more loans to customers and took advantage of higher interest rates and its recent acquisition of First Republic.
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Wed, May 03, 2023
The U.S. banking crisis grew further as First Republic Bank, the second large regional bank collapsed in just a few weeks. Now the biggest U.S. bank JPMorgan Chase & Co, has bought most of the San-Francisco lender’s assets after regulators seized the troubled lender. Through this video, get to know why U.S. banking system is failing and how exactly did the First Republic Bank collapse.
Tue, May 02, 2023
What will happen in the US Fed meeting, how much will interest rates increase? When will market reach at New Life Highs? JPMorgan buys First Republic Bank, how much relief? Know the updates of Global Markets from Anil Singhvi.
The US market broke a two-day winning streak yesterday. Dow slipped 50 points amid trading in a range of 250 points. China's stock market will remain closed today. The 10-year bond yield rose to 3.55%. Today all eyes are on the results of Ford, Pfizer, Starbucks and Uber. JPMorgan Chase has acquired First Republic for $10.5 billion.
Mon, May 01, 2023
The rescue comes less than two months after Silicon Valley Bank and Signature Bank failed amid a deposit flight from U.S. lenders, forcing the Federal Reserve to step in with emergency measures to stabilize markets. Those failures came after crypto-focused Silvergate voluntarily liquidated.
Fri, Apr 28, 2023
First Republic Bank Crisis: The California-based lender’s stock price dropped by over 90 per cent this year after the customers withdrew $100bn of deposits during last month’s turmoil led by Silicon Valley Bank’s collapse. First Republic said on Monday that it was considering “strategic options” as it announced the firing of up to 25 percent of its workforce.
Thu, Apr 27, 2023
First Republic Bank shares hit a record low, how it will impact Indian banks? Know from Anil Singhvi
The Dow closed down 228 points amid volatility. Whereas, Nasdaq gained due to the better-than-expected results of leading IT companies. Yesterday there was a huge decline of 30% in First Republic Bank. Microsoft shares rose 7% on better-than-expected results. META performed better than expected. Meta shares jumped 11% in after-hours trade after better results. Today Amazon and Intel will announce their results.
Tue, Apr 25, 2023
There was mixed action in the US markets amid volatility. The Dow closed up 70 points amid trading in a range of 170 points. Whereas, Nasdaq declined 0.3%. Light buying was seen in the shares related to the economy. The 10-year bond yield slipped below 3.5%. First Republic Bank shares fell 22% in post-market trading. Customers of First Republic Bank pulled more than $100 billion in deposits out of the bank during last month's crisis. Shares of Bed Bath & Beyond fell 35%.
Wed, Mar 22, 2023
How much rates will increase in US Fed policy today? How important is Janet Yellen's remark on the Banking Crisis? Will First Republic Bank get relief? Know from Global Market expert Ajay Bagga.
Fri, Mar 17, 2023
According to market expert Ajay Bagga, a good step by US banks to save First Republic Bank, but the crisis is not over yet. What are the updates regarding the US banking crisis? How much relief for Credit Suisse? How will the markets open today? Know from Ajay Bagga, Chairman of Elyments Platforms.
Thu, Mar 16, 2023
The S&P 500 was 0.3% lower in morning trading, while the Dow Jones Industrial Average was down 216 points
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