The president yesterday tried to calm jittery Americans after the failure of two banks, Silicon Valley Bank and Signature Bank. CNBC reported the country’s bank regulators said the Federal Deposit Insurance Corporation and Federal Reserve would fully cover deposits, not investors, at both failed banks and taxpayers wouldn’t be on the hook. WRCR market analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge, says both of those banks had management issues…
Naomi Streicher of Q Home Sales in New City says for some people looking to sell real estate, they’re also getting nervous about the market…
Asia stock markets fell early this morning over concerns over the fallout of Silicon Valley Bank’s collapse.