25 min listen
SQUAWK BOX, WEDNESDAY 22ND MARCH, 2023
ratings:
Length:
28 minutes
Released:
Mar 22, 2023
Format:
Podcast episode
Description
U.S. markets receive a boost as bank stocks rally with Californian lender First Republic and others leading gains following a promise of protective measures from U.S. Treasury Secretary Janet Yellen. Investors now await today’s Fed rate decision as well as more assurances a potential wider banking crisis will be contained with markets pricing in a 25bps hike. S&P urge investors to reassess their risk tolerance to AT1 bonds following Credit Suisse’s $17bn bond wipeout. Meanwhile, UBS is reportedly moving to unwind Michael Klein’s majority share in First Boston. And in tech news, TikTok CEO Shou Zi Chew is to testify on Capitol Hill, insisting it is not a CCP agent. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Mar 22, 2023
Format:
Podcast episode
Titles in the series (100)
SQUAWK BOX, WEDNESDAY 27TH MARCH, 2019 by Squawk Box Europe Express