Global stocks rebound, Credit Suisse shares surge after central bank lifeline
First Republic Bank has been at the center of the market’s swivels, and it fell 28.3 per cent. It’s down nearly 73 per cent this week alone.
Financial stocks across the S&P 500 flipped from losses in the morning to gains by midday. Treasury yields also strengthened suddenly, a sign of increased confidence from the bond market.
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