The future of First Republic Bank and Credit Suisse will dominate the headlines in the coming week ahead of the Federal Reserve's decision on interest rates.
U.S. stocks ended Friday sharply lower. But the week was mixed with the Dow Jones Industrial Average being little changed, while the S&P 500 added 1.4% and the Nasdaq Composite 4.4%.
Cyrptocurrency will also be in focus after Bitcoin, the largest crypto by market value, crossed above the $26K level as investors rotated out of stocks and bonds amid the banking melee. U.S. banking systemCredit Suisse is reportedly in talks with several European rivals over its assets as its stock tumbled to fresh record lows last week. Its problems were mounting even before the collapse of Silicon Valley Bank.
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