Analysis-Swiss banking plan leaves ‘relieved’ UBS out of immediate firing line
By John Revill ZURICH (Reuters) – UBS could take years to feel the bite of new regulations after the Swiss government set out plans aimed at keeping the “monster bank” in line…
‘Serious Danger’: Elon Musk Predicts Banking Crisis After Real Estate ‘Anvil’ Drops
‘Serious Danger’: Elon Musk Predicts Banking Crisis After Real Estate ‘Anvil’ Drops Harold Hutchison on April 18, 2023 Tesla CEO Elon Musk said during part of an interview that aired Tuesday that…
Yellen: U.S. banking system remains sound
WASHINGTON (Reuters) – The U.S. banking system remains sound and the U.S. government will take “any necessary steps” to keep it the strongest and safest financial system in the world, U.S. Treasury…
Brazil’s credit package paves the way for capital market the size of the banking market -official
BRASILIA (Reuters) – Brazil’s Secretary of Economic Reforms Marcos Barbosa said on Thursday that the credit package announced by the government aims to strengthen the credit market in the long term, paving…
U.S. banking regulator warns ‘open banking’ could impact deposit outflows
By Hannah Lang (Reuters) – The evolution of “open banking” in the U.S. could impact how regulators supervise banks, as seamless account portability between financial institutions could lead to increased deposit outflows,…
Banking stability worries go behind closed doors at IMF-World Bank meetings
By David Lawder and Andrea Shalal WASHINGTON (Reuters) – Just a month after the biggest banking crisis in more than a decade, the world’s top economic and financial policymakers gathered in Washington…
Marketmind: Are we calling it a banking crisis, shock … or blip?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Top-tier Chinese economic data including first-quarter GDP grabs the Asian spotlight this week, as investors…
Hedge funds bought financial stocks amid banking turmoil, says S&P
By Carolina Mandl NEW YORK (Reuters) – Hedge funds increased their exposure to stocks in the financial sector amid the banking turmoil in March, as they saw a buying opportunity at lower…
Banking turmoil questions begin at board level, says Basel’s de Cos
By Huw Jones LONDON (Reuters) – Board members at banks have urgent questions to answer about basic risk management following recent turmoil, the head of a global banking standards committee said on…
G20 financial watchdog seeks to learn from latest banking turmoil
By Huw Jones LONDON (Reuters) – The G20’s financial watchdog on Wednesday said rules it introduced after the global financial crisis had prevented contagion from the latest banking sector turmoil, but it…
Goldman Sachs to enter transaction banking business in Japan
TOKYO (Reuters) – Goldman Sachs Group Inc said on Wednesday it is launching its transaction banking business for corporate clients in Japan, as the U.S. investment bank expands in the world’s third-largest…
Fed’s Williams doubts monetary policy spiked banking sector stress
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said on Monday that financial system troubles that drove the central bank to provide large…
US Treasury sees continued global growth despite strains in banking sector
By Andrea Shalal WASHINGTON (Reuters) – The U.S. banking system remains strong and resilient, but American officials will continue working with foreign counterparts to bolster financial resilience after recent bank failures, U.S.…
Austrian banks unaffected by banking turmoil – finance minister tells NZZ
ZURICH (Reuters) – Austria’s government is monitoring the global banking turmoil although there are so far no signs of it spreading to the country’s financial sector, Finance Minister Magnus Brunner said in…
Banking turmoil dampens shine of ESG funds at end of strong Q1
By Tommy Wilkes and Patturaja Murugaboopathy LONDON (Reuters) – Investment funds with environmental, social and governance (ESG) goals appear to be back in vogue in 2023, although the banking crisis that roiled…
TD world’s most shorted banking stock, shares down -ORTEX data
By Maiya Keidan TORONTO (Reuters) – Hedge fund bets against Canada’s TD Bank Group on Wednesday hit $4.2 billion, making it the most-shorted banking stock globally, according to data provider ORTEX’s calculations,…
JPMorgan Boss Warns That Banking Crisis Will Have Consequences ‘For Years To Come’
JPMorgan Boss Warns That Banking Crisis Will Have Consequences ‘For Years To Come’ Jason Cohen on April 4, 2023 JPMorgan Chase CEO Jamie Dimon said in his annual shareholder letter Tuesday that…
Factbox-JPMorgan’s Dimon comments on banking crisis and AI in annual letter
(Reuters) – The U.S. banking crisis is ongoing and will have effects for years to come, JPMorgan Chase & Co CEO Jamie Dimon wrote in a letter to shareholders on Tuesday. “The…
Banking crisis shows need for ‘conservative’ payouts -EU banking watchdog
By Huw Jones LONDON (Reuters) – Banks in the European Union must be “conservative” with dividends and other payouts after recent turmoil in the sector, and focus on keeping their cash buffers…
Stellantis sees vehicle loan durations extended amid banking turmoil
MILAN (Reuters) – Stellantis is seeing clients seeking longer-term financing and leasing deals for their vehicles as a consequence of higher global interest rates, the carmaker’s head for the business said. Chief…
Dutch online bank Bunq applies for U.S. banking licence
By Toby Sterling AMSTERDAM (Reuters) – Bunq BV, a prominent European online banking start-up, formally filed for a banking licence with U.S. regulators on Tuesday, the company’s CEO told Reuters in an…
Chinese lenders focus on risk management amid global banking crisis
BEIJING (Reuters) – China’s top lenders should enhance risk management practices and be more sensitive to macroeconomic fluctuations, senior Chinese banking officials said, in response to a global banking sector crisis that…
US consumer mood darkens but banking turmoil impact limited so far, UMich says
(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 system has…
Citigroup sees global profits shrinking 5% in aftermath of banking turmoil
(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 had a…
Marketmind: What banking crisis? Ending Q1 on a high
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 buoyant mood,…
Global derivatives industry defends CDS after banking blow-ups
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 have played…
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