The seizure of an Iowa bank rippled through the banking sector. Bad loans were due to the troubled trucking industry, signaling possible economic woes ahead.
Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.38%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.45%, both at 2-week lows. Stock index futures this morning are moderately...
A strong second-quarter earnings report was a major catalyst.
With a strong track record and prudent approach to lending, this financial institution is a pillar of safety in the banking industry.
Even as the Federal Reserve prepares to make another decision on interest rates, a pair of financial institutions has taken matters into their own hands.
The worst is in the past for this bank.
Asian shares are mixed after Japan reported weaker than expected trade data for June, with imports falling nearly 13% from a year earlier