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US Stocks Sink, Tech And Real Estate Hit Hard Amid Rate Concerns, Dollar Surge: What's Driving Markets Wednesday?

Benzinga

Another day of losses shook up Wednesday’s stock trading session on Wall Street. All major U.S. stock indices in the red, as investors expressed concerns that the Federal Reserve is not in a rush to reduce interest rates early this year.

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First Republic Rallies As Major US Banks Pledge Assistance To Calm Markets

Benzinga

First Republic Bank (NYSE: FRC ) may get a substantial capital injection or perhaps a full acquisition from a consortium of large financial institutions, including JP Morgan Chase & Co. NYSE: JPM ), Morgan Stanley (NYSE: MS ), Citigroup (NYSE: C ), Bank of America (NYSE: BAC ) and Wells Fargo (NYSE: WFC ).

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Davis Polk Discusses Rulings on Fed’s Denial of Master Accounts to Custodia and PayServices

Reynolds Holding

A master account is also a necessary, but not sufficient, condition for an institution to have access to the Federal Reserve’s discount window, to incur intraday or overnight overdrafts in any of the Federal Reserve’s payment systems or to obtain direct membership in the major clearing networks that connect the U.S. payment system.

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