Investors remained on edge as the week's trading began with regional banks still under pressure to shore up their deposit bases.
using fed funds futures contracts as a guide. The other 38% is in the no-hike camp, anticipating that Chairman Jerome Powell may start to ease his aggressive tightening campaign that began in March 2022 in the face of the emerging financial contagion.
UBS agreed to buy Credit Suisse for 3 billion Swiss francs, or $3.2 billion, with the combined bank to have $5 trillion in assets. Credit Suisse shares were down 21% last week. Shortly after UBS announced its takeover deal, the Fedit had joined with other central banks in a joint liquidity operation. The group of central banks — including the Bank of Canada, Bank of England, Bank of Japan, European Central Bank and Swiss National Bank — agreed to increase the frequency of their U.S.
But traders may be anxious for more to be done by regulators to stem the slide in regional banks. First Republic shares ended last week 72% lower even after a group of banks Thursday pledged to deposit $30 billion in the San Francisco institution that's become the focus on Wall Street. The
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