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Express News | Following the six major Wall Street investment banks, Australia's Macquarie Group has announced its withdrawal from the Net Zero Banks Alliance.
Wells Fargo Recruits $1.6 Billion Advisor Team From UBS -- Barrons.com
Major Wall Street firms declined overall.
On February 10, Gronghui reported that the Philadelphia Bank Index fell by 1.4%, with major Wall Street banks experiencing widespread declines. Wells Fargo & Co and Morgan Stanley dropped over 2.5%, while Goldman Sachs, Citigroup, JPMorgan, and Bank of America each fell by at least 1%.
Excess liquidity is rapidly evaporating, is the Federal Reserve's Algo tightening about to reach its end?
Once excess liquidity is depleted, further reduction of the balance sheet by the Federal Reserve may trigger a potential decline in Banks' reserves. In fact, an Indicator proposed by Federal Reserve Governor Waller that indicates the need to slow down QT has already raised a yellow flag.
Trump Administration Limits CFPB Authority. Why Bank Stocks Are Rising. -- Barrons.com
Trump's second term shows signs of "volatility" again, and U.S. stock investors urgently need a new action guide.
The unpredictable attitude of USA President Donald Trump towards his signature tariffs has caused severe market fluctuations. Investors are beginning to cope with new investment challenges.