Glimpse Group Inc
Change company Symbol lookup
Select an option...
VRAR Glimpse Group Inc
NIMC NiSource Inc
INDI indie Semiconductor Inc
COEP Coeptis Therapeutics Holdings Inc
ACFL AMC Financial Holdings Inc
AIO Virtus Artificial Intelligence & Technology Opportunities Fund
WRLD World Acceptance Corp
CWD CaliberCos Inc
LNTH Lantheus Holdings Inc

Information Technology : IT Services | Small Cap Growth
Company profile

The Glimpse Group, Inc. is a virtual (VR) and augmented (AR) reality platform company which is comprised of a diversified portfolio of wholly owned VR and AR software and services companies. Its platform of VR/AR collaborates with the environment and diversified business model and helps in the challenges faced by entrepreneurs in the VR/AR industry. It develops, commercializes, and markets VR/AR software products, solutions, and intellectual property (IP). The Company’s core services include marketing, visualization, learning and training, and collaboration. Its marketing services include virtual events and launches, AR activations, and AR virtual try-on. Its VR/AR platforms offer comprehensive professional training, and orientation for new employees. It serves various sectors, such as food and hospitality, marketing, healthcare, data visualization, and higher education. VR/AR technology enhances industry conferences, corporate events, and meetings both personal and professional.


Last Trade
0.20 (6.90%)
B/A Size

Market Hours

Closing Price
Day's Change
0.22 (8.21%)
Bid close
Ask close
B/A Size
Day's High
Day's Low

10-day average volume:

Regional bank crisis is 'not over,' warns former Fed Vice Chairman Quarles

3:10 pm ET May 12, 2023 (MarketWatch)

By Chris Matthews

'Interest rates will stay higher...for longer' than the market is expecting, he said.

Policymakers and investors should prepare for prolonged stress in the regional bank sector, according to Randal Quarles, former vice chairman for supervision at the Federal Reserve.

"This is not actually over," Quarles said on Friday at a conference staged by the Hoover Institution. "Interest rates will stay higher than many are currently expecting them to stay for longer, and the consequences of that will be that this pressure will remain on this category of institutions for longer than we are currently expecting."

Quarles spoke at a panel on the recent failures of Silicon Valley Bank and other regional banks. A report overseen by Quarles' successor as the Fed's chief bank regulator criticized the former vice-chair's efforts to adjust regulatory standards for large regional banks like SVB.

See also: Fed in part blames Trump-era bank deregulation for Silicon Valley Bank failure

Though the report did not mention him by name, it indicated that Quarles instigated a shift in "supervisory practices" and that under his tenure bank supervisors were pressured to "reduce burdens" on banks the Fed regulated.

Quarles argued that the changes he instituted were not responsible for supervisors failing to force bank executives to account for the risks posed by rising interest rates. He said he encouraged bank supervisors not to be less assertive, but to be "more focused on the things that mattered, and more assertive on those things."

He said that the central mistake that both SVB management and Fed supervisors made was to not understand that the bank's base of uninsured deposits were not nearly as stable as historical evidence would have suggested.

"What happened at Silicon Valley Bank was a sea change and the question is: Was it because they were depositors of a particular type or were they depositors in a particular time?" Quarles said.

He noted that SVB depositors, concentrated in the start-up and venture capital ecosystem, participated in a bank run of unprecedented speed and scale that would have led to $142 billion in withdrawals in two days had regulators not stepped in.

These "interconnected communities" were "subject to fads, enthusiasm and herd behavior," and had at their disposal both social media and banking applications that enabled the rapid spread of fear and easy withdraw of funds, he said.

"This requires rethinking how we handle liquidity at the Fed," Quarles positied, and he recommended the central bank consider changes to its regulations that would encourage banks to take greater advantage of Fed provisioned liquidity during times of crisis.

Regional bank stocks remained under pressure Friday, led by declines in shares of PacWest Bancorp (PACW) and Metropolitan Bank Holding Corp. (MCB) The SPDR S&P Regional Bank ETF (KRE) was on track to lose more than 6% on the week and is down more than nearly 15% in May, according to FactSet.

-Chris Matthews

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

May 12, 2023 15:10 ET (19:10 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2023 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2023. All rights reserved.