The European Central Bank going full steam ahead despite global banking turmoil….so did the ECB just set the tone for the Fed next week? We look at what to expect and how it may impact the economy and the markets.
Plus, contagion from the banks *TO* the housing market would turn the last crisis on its head, but that’s exactly what could happen here. We’ll explain why a failure at First Republic could be felt throughout the housing industry.
And speaking of First Republic…David Faber reporting that a group of financial institutions is in talks to give the battered regional bank a major capital infusion. We have the breakdown of who is involved and how much money is being talked about.
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The Exchange