The stock market rallied strongly Thursday as JPMorgan and other big banks said they'll deposit $30 billion into First Republic. Apple and Microsoft are buys. Read More...
Bloomberg
Fed Was the ‘Culprit’ on SVB, Signature Bankruptcies, Wood Says
(Bloomberg) — It was Federal Reserve policy, not crypto, which was the primary culprit in the bankruptcies of Silicon Valley Bank and Signature Bank, according to Ark Investment chief Cathie Wood.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleIn New York City, a $100,000 Salary Feels Like $36,000Credit Suisse Is In Crisis. What Went Wrong?Ryan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionCredit Suisse Reels After Top Shareholder Rules Out Raising
