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  • Investors are still worried about a run on deposits of some ailing banks while massive lifelines buy more time

    4 days ago - By Business Insider

    Credit Suisse stock plummeted on Wednesday during the bank's largest one-day selloff to date. NurPhoto/Getty Images
    Shares of First Republic and Credit Suisse continued to sell off despite massive lifelines.
    While tens of billions of dollars bought some time, there are still doubts that depositors will stay.
    "Once it's perceived that there's an unraveling going on - yeah, people take their money."
    Massive lifelines to First Republic and Credit Suisse spurred brief rallies before shares resumed their free falls as doubts remain that they can keep depositors over the long run. First Republic...
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  • Here's what investors can do to protect themselves as banking turmoil continues to ripple through markets, according to Barclays

    4 days ago - By Business Insider

    People exchanging cash. Getty Images
    After SVB's collapse, fears of a wider financial crisis stoked a sell-off in regional bank stocks.
    Barclays said defensive sectors helped mitigate losses and recommended investors stay with cash.
    "Like many of our clients, we found ourselves sitting on the wrong side of the Banks trade this week."
    In a little more than a week, three US banks collapsed and a $30 billion rescue plan was created to save another lender, but sticking with cash and defensive stock sectors are solid options for investors as turmoil persists, Barclays said. Investors...
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