When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
XLF - Cash-hungry companies could pull out $700B from banks
SPDR Select Sector Fund - Financial
If the the five industries most stressed by the coronavirus and oil price slump were to draw as much as 70% from their lines of credit, that could pull a total of ~$700B from the six biggest banks' liquidity pools, or close to 16% of lenders' cash-like holdings at the end of last year, Bloomberg reports.
More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ETF, Financial stocks news, News on the U.S. economy, News on ETFs,