U.S. bank stocks ended regular trading with solid gains on Thursday, as banks announced a $30 billion deposit capital infusion for First Republic Bank and as Treasury Secretary Janet Yellen cited the strength of the financial system.

The 11 banks confirmed a report from the Wall Street Journal and others about providing financial support for First Republic Bank FRC.

U.S….

Source link

You May Also Like

Evan Gershkovich’s American Dream Became a Russian Nightmare

Evan Gershkovich’s friends were worried about him. “What are you doing?” his…

Pfizer announces promising developments for 1st maternal RSV vaccine

After decades of researching respiratory syncytial virus, an illness especially dangerous for…

Massive, exploded SpaceX rocket devastated a town and a wildlife reserve — and locals are furious

SpaceX’s high-profile rocket explosion on April 20 has angered environmental and civil…

GameStop stock soars nearly 50% on surprise quarterly profit, higher sales

GameStop Corp. stock jumped 48% in the extended session Tuesday after the…