First Republic saved by $30 billion injection from major US banks.

Major US banks decided, on Thursday, to deposit a total of $30 billion in the First Republic Bank, in an effort to save it and allay fears that it would be next after the collapse of two banks, one of them being Silicon Valley Bank. The California-based bank limited its losses on Thursday after reports […]

“Equities in New York Ignore ECB Rate Hike and Experience Upswing: ROUNDUP”

NEW YORK The leading index Dow Jones Industrial shook off initial losses and recently rose by 0.21 percent to 31,940.38 points. The other indices presented themselves even stronger: The market-wide S&P 500 rose by 0.70 percent to 3919.10 points and the technology-heavy Nasdaq 100 by 1.31 percent to 12,411.57 points. Shortly before the start of […]

“Milan Leads European Economic Rebound with Impressive 2.36% Growth”

The fear triggered by the failure of Silicon Valley Bank and Signature Bank seems, at least for now, to have passed. Stock exchanges on both sides of the Atlantic advance strongly with gains of more than 2% thanks to the banks that are regaining momentum and US inflation in line with expectations. Piazza Affari tries […]