[unable to retrieve full-text content]Small banks lost $120 billion in deposits during SVB tumult Yahoo Finance Source link
Read More »Small banks lost $120 billion in deposits during SVB tumult – Yahoo Finance
GameStop’s Tumult Lives On With $6.4 Billion Roller Coaster Trip
(Bloomberg) — GameStop Corp. is ending the week lower than where it started, even after retail investors refused to let go of their commitment to the stock following an earnings-related selloff. Investors were quick to get over GameStop’s 12th consecutive quarter of slowing sales and management’s decision to not take questions on its earnings call on Tuesday, despite warnings from most Wall Street analysts. On Thursday, shares erased the earnings-led slump. More than $6.4 billion in… Source link
Read More »Gensler Targets Broker ‘Gamification’ After Trading Tumult
(Bloomberg) — Gary Gensler pledged to scrutinize trading apps that have exploded in popularity, signaling the Biden administration’s pick to lead the U.S. Securities and Exchange Commission plans to confront issues central to wild stock swings that have shocked Wall Street and Capitol Hill. Gensler, testifying during a Tuesday confirmation hearing before the Senate Banking Committee, said a top concern is that upstart technologies are prompting less sophisticated investors to take risks… Source link
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