The Senate Banking Committee held a hearing to investigate the collapse of Signature Bank (SBNY) and Silicon Valley Bank (SIVB/SIVBQ) that brought to discussion possible changes for the entire banking system.
Bonds are bouncing into the new year after notching a record annual loss last year.
Oil dropped Tuesday on the release of the new Short-term Energy Outlook (STEO) released by the Energy Information Administration.
One of the biggest trades this year has lost steam and its outlook for the next year has become much more mixed.
Oil prices swung down and right back up in Monday’s session among reports that OPEC+ was considering an output increase.