FTXO News and Press, First Trust Nasdaq Bank ETF From 03/27/23

2023-03-27 04:00:00 ET Summary The surging cost of raising new bank capital will leave a mark. The current bullish narrative sees China as the relative safe haven, as the U.S. and Europe struggle to contain banking crises. The Federal Reserve's focus on banking system liquidit...

2023-03-26 08:34:44 ET Summary Fed's Bank Term Funding Program partially resolved liquidity issues. It would be a grave error to consider liquidity injection as quantitative easing. All loan types increased by more than $339 billion, a record amount, indicating that the situation ...

2023-03-26 06:25:00 ET Summary In the week since the Silicon Valley Bank bankruptcy, global authorities have stepped in starting with the Federal Deposit Insurance Corporation, the Swiss National Bank, the People’s Bank of China, and the US Federal Reserve, offering lifelines o...

2023-03-26 05:41:00 ET Summary This has been a strange week. It started – as now seems to be the norm – on Sunday with a trio of Swiss financial authorities announcing the takeover of Credit Suisse (CS) by UBS (UBS). The key takeaway – and the clearest signal ...

2023-03-26 05:16:00 ET Summary The regulatory intervention of Silicon Valley Bank stopped corporate and financial sector issuance altogether for four working days. The most notable sign of market resilience was a highly successful USD1.8 billion 10 and 31-year sale by Republic of ...

2023-03-25 07:09:00 ET Summary Emergency Fed support for banks is at Great Financial Crisis proportions on some measures. Deposit flight from smaller banks remains a worry to boot. It should not be, but is. That said, there is wider evidence pointing to no material rise in ang...

2023-03-25 07:01:08 ET First Trust Nasdaq Bank ETF ( NASDAQ: FTXO ) - $0.1529 . 30-Day SEC Yield of 2.34% as of Feb. 28. Payable Mar 31; for shareholders of record Mar 27; ex-div Mar 24. For further details see: First Trust Nasdaq Bank ETF declares quarterly ...

2023-03-25 03:45:00 ET Summary This week’s chart of the week shows the S&P Regional Bank index performance year-to-date. The Index is down -27% this year and -34% from its high. Pretty big numbers. Banks are obviously getting a lot of the attention this year given the r...

2023-03-25 02:50:00 ET Summary On March 22, the U.S. Federal Reserve (Fed) hiked interest rates by 25 basis points to curb inflation despite turmoil in the banking industry. While the full impact of the turmoil in the banking industry and the Fed’s response is still unknowa...

2023-03-24 11:35:00 ET Summary Turmoil in the global banking industry, and the consequence of aggressive monetary tightening, have led people to question whether we're on the verge of yet another financial crisis. We don't think we are. Major stresses remain, however. So, what...