Mon. May 29th, 2023

Bloomberg Markets Americas. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens.
Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens.
The collapse of Silicon Valley Bank set off a maelstrom of panic, blame, good intentions and greed, followed finally by salvation for depositors. But how did this historic collapse even happen? Plus, explore the last days of Credit Suisse, as executives, lawmakers and powerbrokers scrambled to prevent a new financial crisis.
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First Republic’s $35 Million Banker Outearned JPMorgan’s Dimon Before Bust
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Republicans Need to Dump Trump If They Want to Win
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Early-Warning Ransomware Tip-Offs Help Block Imminent Attacks
White House Steps Up Monitoring of Antisemitism in New Strategy
Corporate America Struggles to Deliver on $80 Billion Promise to Diversify Supply Chains
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How Amsterdam Made Room for Microcars
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Filipinos Grieve Loss of Architectural Gem After Manila Post Office Inferno
Crypto Startup Co-Founded by Sam Altman Raises $115 Million
Arrington-Led Group Wins Rights to Manage Celsius Assets
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US stocks dropped the most in two months and Treasury yields retreated after First Republic Bank’s disappointing earnings and potential assets sale rekindled worries that the banking crisis has not run its course.
The S&P 500 lost 1.6% Tuesday, with First Republic’s 49% plunge taking the lender’s shares to a record low. Bloomberg News reported the troubled bank, which saw greater-than-expected withdrawals in the first quarter, is exploring divesting up to $100 billion of long-dated mortgages and securities as part of a broader rescue plan. 

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