Many retail investors still remember the ferocious pump and dumps in crypto currencies, a while ago :(. Geo politics have also been volatile. Yet the stock market has appreciated
The U.S. Federal Reserve’s Office of Inspector General (OIG) has launched an independent review of the failure of Silicon Valley Bank (SVB), an OIG spokesperson said on Tuesday.
The review, which was launched on March 14, will assess the board’s and the Federal Reserve Bank of San Francisco’s supervision of the failed lender, the spokesperson told Reuters in a statement.
The independent oversight authority plans to complete its investigation within six months, the spokesperson added.
The probe was reported earlier by Bloomberg News
How the week closes on Friday may hold hints on how $FCNCA’s share price . The bank’s shares got a boost of news that it was acquiring Silicon Valley Bank’s loans and deposits from the Federal Deposit Insurance Corp (FDIC).
A weekly close lower than $900 leaves the possibility of a lower retest around $500. A close above $915 will be a good first start to the measure at $1300/share.
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