|Day's range||9.98 - 9.98|
A bank crisis has pressured financial markets and made it hard for investors to know where to turn for signs of stability or worry. A few key readings on volatility, the bond market, and the currency market offer some guidance.
In sharp contrast to their recent sell-off, Bank of America (NYSE: BAC) shares ended Monday's session up 5%, leading stocks of similarly sized banking peers like Citigroup, Wells Fargo, and JPMorgan Chase. The groupwide effort led by BofA suggests investors are starting to let go of worries of a sweeping liquidity crisis for the nation's banking system. You're more likely to feel or sense one in the wake of First Citizens' (NASDAQ: FCNCA) intended acquisition of most of the banking assets of SVB Financial (NASDAQ: SIVB), which is parent to failed banking name Silicon Valley Bank.
(Bloomberg) -- Bank of America Corp. named Jill Schwartz co-head of global financial sponsors, replacing Kevin Sherlock. Most Read from BloombergSaudi National Bank Chair Resigns After Credit Suisse RemarkBinance and Its CEO Sued by CFTC Over US Regulatory ViolationsFirst Citizens to Buy SVB After Biggest Failure Since 2008Schwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksSchwartz will also keep her role as executive vice chair of global corporate and investment banking, according