Reply To: Traders Market Weekly: Neutralizing Contagion

20 Mar '23 at 8:48 am #55264

Participant

New York Community (NYCB 8.34, +1.80, +27.5%) is moving higher this morning on news that it plans to acquire certain assets and assumes certain liabilities of Signature Bridge Bank from the FDIC.

The SPDR S&P Bank ETF (KBE) is up 4.6% and the SPDR S&P Regional Bank ETF (KRE) is up 5.3%.

This reply was modified 2 months, 1 week ago by Truman.

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