Dow Jones Falls As Bank Run Ignites New Worries; Microsoft Breaks Out In Five Day Winning Streak

Dow Jones fell after First Republic cancelled its dividend. Volkswagen shows mass-market EV car in wraps. Coinbase and Bitcoin rise. Read More...


Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity

(Bloomberg) — Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosHow First Republic Bank Received a $30 Billion LifelineUBS, Credit Suisse Oppose Idea of Forced Tie-UpIn New York City, a $100,000 Salary Feels Like $36,000First Republic Set to Get $30 Billion of Depos

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