Last week, the markets were hit with more market-crushing news: Credit Suisse was under pressure when its top backer Saudi National Bank told reporters that they could not offer additional investment to the bank due to potential regulatory issues. This snowballed and led to Credit Suisse being acquired by UBS on Sunday, March 19, 2023. …
Bottom Picking With The Following 10 Dividend Elites Read More »
Brace yourselves, the worst may be yet to come. Recently, state regulators closed New York-based Signature Bank, making it the second-largest bank that collapsed in U.S. history behind Washington Mutual. This is also the third bank that collapsed since Silvergate Capital – which served as one of the main banks for the crypto industry. These …
Are We in Another Financial Crisis? Sectors to Watch as the Story Unfolds. Read More »
The US stock market ended in the red last week with the collapse of Silicon Valley Bank and Silvergate Capital. The Financial sector took a big hit ending with a -8.5%, with the Materials sector going second at -7.64%. S&P500 gave back its gains for the year and ended with a YTD return of 0.58%. …