(Reuters) – U.S. consumer sentiment fell for the first time in four months in March as consumers worried increasingly that a recession is coming, although the turmoil in the banking…
(Reuters) – Citigroup equity strategists flagged a likely 5% contraction in global profits this year as turmoil in the banking sector raises the risk of a recession. Financial markets have…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets go into the final trading day of the quarter in a…
By Marc Jones LONDON (Reuters) – The derivatives industry body, the International Association of Swaps and Derivatives Association (ISDA), has backed Credit Default Swaps amid concerns about the role they…
(Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue, and the ensuing turmoil in world markets have re-ignited the recession…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asia’s economic data and policy calendar this week is light, which is perhaps…
WASHINGTON (Reuters) – The U.S. Treasury said that the multi-regulator Financial Stability Oversight Council agreed in a meeting on Friday that the U.S. banking system remains “sound and resilient” despite…
(Reuters) – Bank of America Corp is redeploying employees in wealth management and lending to other roles within the company, a source familiar with the matter said on Friday, as…
By Mrinalika Roy (Reuters) – The global banking turmoil threatens to squeeze U.S. cannabis companies already struggling with meager funding sources by drying up support from regional lenders and tightening…
WASHINGTON (Reuters) – Rapid actions by policymakers and major central banks after banking collapses in the United States and Switzerland have eased market stress to some extent but continued vigilance…
(Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday that he expects and welcomes outside investigations into the banking woes that kicked off with the collapse of Silicon Valley…
STEVE HANKE And MATT SEKERKE: Fed’s Monetary Blunders Put The Entire Banking System In A Bad Spot Steve Hanke And Matt Sekerke on March 21, 2023 The Federal Reserve’s monetary…
By David Randall and Lewis Krauskopf NEW YORK (Reuters) – Worries over the banking crisis are boosting disparate assets, with traditional safe-havens such as gold, Treasuries and money markets seeing…
(Reuters) – Canada’s banking regulator said on Monday that those who hold Additional Tier 1 (AT1) and Tier 2 debt will be entitled to a more favorable outcome if a…
(Reuters) – Fears of a global banking crisis are continuing to swirl, with investors keeping a close eye on a dashboard of indicators that show how stress is rippling through…
By Susan Mathew (Reuters) – Goldman Sachs is expecting a pause this week from the U.S. Federal Reserve after a year-long rate increase campaign as Wall Street banks scale back…
FRANKFURT (Reuters) – A Swiss orchestrated rescue of Credit Suisse by rival UBS has failed to calm nerves as investors worry which banks could be next in line. Here’s a…
By Kanishka Singh WASHINGTON (Reuters) – Former Goldman Sachs CEO Lloyd Blankfein said on Sunday the banking crisis in the United States was going to expedite overall credit tightening and…
WILMINGTON, Delaware (Reuters) – Berkshire Hathaway Inc’s Warren Buffett has held discussions with senior Biden adminstration officials about the banking crisis, a source familiar with the matter told Reuters on…
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank needs to keep raising interest rates because underlying price growth is sticky, two policymakers seen as hawkish said…
‘Utter Incompetence’: European Officials Accuse US Of Ripping Up Banking Rules With SVB Bailout Nino Cambria on March 16, 2023 European officials are enraged at the U.S. for their decision…
Mary Lou Masters on March 16, 2023 TRENTON, NJ – New York and New Jersey won’t be joining an 18-state coalition against ‘woke’ banking and investing policies in the United…
MANILA (Reuters) – The Philippine central bank said on Friday that the local banking system remains safe and sound, amid concerns over the potential for contagion stemming from banking turmoil…
By Lewis Krauskopf NEW YORK (Reuters) – Tumult in the banking system has roiled investors over the past week, sending Treasury yields into a tailspin, slamming U.S. bank stocks and…
By Stephanie Kelly and Arathy Somasekhar NEW YORK (Reuters) – Oil producers, banks and hedge funds have increased purchases of put options to protect themselves from further losses, market sources…