First Republic Bank surged by a record, leading a broad-based rally in US lenders, amid discussions aimed at offering further support for the beleaguered lender.
The Portuguese Navy said it’s monitoring a tanker with a fire on board off the Atlantic coast in the north of the country in case there’s any pollution.
All eyes in the financial and economic world will be laser-focused Wednesday on the Federal Reserve as Chair Jerome Powell tries to balance his fight against inflation against a sudden banking crisis.
Companies piled into the US investment-grade bond market Tuesday ahead of the Federal Reserve’s next interest rate decision, after the market was shuttered for a week as banking turmoil swept the US and Europe.
As Silicon Valley Bank deteriorated late last year and regulators began internally flagging flaws in its risk management, the lender opened up the credit spigot to one group: insiders.
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