Business US

Banks Look To Stabilize After First Brands Bankruptcy Torpedoes Shares

Banks and financial stocks rebounded modestly early Friday, showing some signs of stabilization following Thursday’s selloff. A slew of different banks of various sizes sank in afternoon trade Thursday over fears that the bankruptcy of auto parts giant First Brands could mark the beginning of a wider crisis in the financial sector. Amid the bad loan revelations, markets are seeing…

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button