All eyes remain on the banking sector ahead of a closely-watch decision from the Federal Reserve. Octavio Marenzi, founder and CEO of global capital markets consultancy firm Opimas joins TheStreet Today to explain what could be next for markets as investors look for clarity on the state of banks, both regionally and abroad.
Join us live at 10:40 a.m. ET:
After securing funding earlier this week, First Republic (FRC) stock tumbled on reports the bank is considering its strategic options, including an outright sale, according to Bloomberg.
DON'T MISS: First Republic Stock Tumbles On Report Bank Exploring Sale Option
The 'will they, won't they' saga continued at TikTok, according to a report from the Wall Street Journal. The Biden administration has asked Chinese company ByteDance to divest its shares in the video application or face a ban in the U.S., citing national security concerns.
A ByteDance spokesman confirmed the administration's request to CNBC, saying, "If protecting national security is the objective, divestment doesn’t solve the problem: a change in ownership would not impose any new restrictions on data flows or access.”
DON'T MISS: U.S. May Ban TikTok
