Banking Crisis Impacts Dow Futures and Adobe Earnings.
TL;DR Summary
Treasury Secretary Janet Yellen assured Congress that the banking system remains strong during testimony Thursday. First Republic Bank (FRC) is exploring strategic options, including a potential sale, and JPMorgan and several big firms discussed potential deals with First Republic. Regional banks followed First Republic lower early Thursday. Ratings agencies S&P Global and Fitch downgraded First Republic, citing liquidity and funding risks.
- Bank Crisis: Yellen Speaks To Senate; First Republic Bank Ponders Sale| Investor's Business Daily Investor's Business Daily
- U.S. bank stocks rise on report of potential capital infusion for First Republic MarketWatch
- Stocks Move Lower, Charles Schwab, Credit Suisse, Foxconn, Adobe TheStreet
- Dow futures mixed on banking crisis, Adobe adds 4.6% after earnings By Investing.com Investing.com
- Dow futures mixed on banking crisis, Adobe adds 4.6% after earnings Investing.com India
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