Previous close | 20.10 |
Open | 20.10 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 310.00 |
Expiry date | 2023-06-16 |
Day's range | 20.10 - 27.90 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Yahoo Finance Live's Dave Briggs and Seana Smith look back a several of Wednesday's leading headlines.
The S&P 500 is back to where is was on March 8, the day Silicon Valley Bank announced its doomed capital raise. In the Wall Street Journal yesterday, Jonathan Weil paints an unflattering picture of the way six large banks have accounted for their large securities portfolios. The article serves to crystallise the debate over whether securities accounting — in particular the treatments of “held to maturity” (HTM) and “available for sale” (AFS) securities — is misguided and contributed to the failure of Silicon Valley Bank and stresses on other banks, most prominently First Republic.
Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance, doesn’t believe that the digital assets sector should be blamed for the runs on Silicon Valley Bank (SVB) and Signature Bank that led to their quick demise earlier this month.