Banking Crisis and Contagion Fears Shake Wall Street
TL;DR Summary
The future of several smaller, regional banks remains uncertain after the collapse of Silicon Valley Bank last week. Credit Suisse is reportedly in talks with several European rivals over its assets as its stock tumbled to fresh record lows. The Federal Reserve's March meeting is also a top concern for investors, with 62% expecting policymakers to continue hiking rates. Nike earnings and Chinese President Xi Jinping's visit to Russia are also in focus, as well as the rise of Bitcoin amid the banking crisis.
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