“Even though these banks have talked about deposits stabilizing, it seems like the market is disregarding that.” “It still feels like we’re in March, unfortunately,” Bloomberg Intelligence bank analyst Arnold Kakuda said in an interview. and Fifth Third Bancorp were among the worst performers in investment-grade secondary trading on Thursday. Regional lenders including First Horizon Corp., Citizens Financial Group Inc. Angst is once again building about the health of the sector, even after involvement from the US government and banking behemoth JPMorgan Chase & Co.
TD, First Horizon End $13 Billion Merger as Regulators Stallīlue-chip issuers largely avoided tapping the market on Thursday, while a key measure of credit risk soared to the highest since the failures of SVB Financial Group and Signature Bank in March. Heavy Marijuana Use Increases Schizophrenia in Men, Study Finds Peter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveĬhina Takes the Yuan Global in Bid to Repel a Weaponized DollarĪpple Shares Rise After iPhone Bounces Back, Sales Top Estimates (Bloomberg) - Corporate credit investors are looking to reduce their exposure to risk and issuers are remaining mostly on the sidelines as concerns about regional lenders flare up again.
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