Buffalo man admits to defrauding banks of nearly $500,000
BUFFALO, N.Y. — A former Buffalo resident pleaded guilty on Tuesday to orchestrating a scheme that defrauded two banks out of nearly half a million dollars. Joshua Parra, 32, who now lives…
European banks default-risk indicator jumps, AT1 bonds fall
LONDON (Reuters) – The cost of insuring against the likelihood of default by European banks rose sharply on Friday, as concern about the outlook for the sector continued to grip markets, almost…
Marketmind: Banks queue round the block at Fed discount window
A look at the day ahead in European and global markets from Wayne Cole It’s been a slow day in Asian markets, no doubt with everyone tired and emotional after another rough…
Hong Kong on watch for any ‘spillover’ from US regional banks
HONG KONG (Reuters) – Hong Kong needs to watch carefully for any further “spillover” from U.S. regional banks, although the city has very little exposure to the situation in European and U.S.…
‘Most vulnerable’ U.S. banks lost $1 trillion in deposits in a year -JPMorgan
By Nupur Anand New YORK (Reuters) – JPMorgan Chase & Co analysts estimate that the “most vulnerable” U.S. banks are likely to have lost a total of about $1 trillion in deposits…
Central banks stick to rate hikes with eye on market turmoil
LONDON (Reuters) – Global central banks must juggle the need to control inflation through higher interest rates and to calm markets unnerved by banking sector turmoil that has revived memories of the…
Marketmind: Central banks try to see through stress
A look at the day ahead in U.S. and global markets from Mike Dolan Even with a nod to greater banking stress, the major central banks all seem determined to tighten the…
Yellen says US banks shoring up liquidity to guard against runs
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said that banks across the United States are worried about contagion and have been shoring up liquidity to protect themselves from runs prompted by…
Australia regulator seeks risk reports from banks on startups, crypto -report
SYDNEY (Reuters) – Australia’s prudential regulator has started asking the country’s banks to declare their exposure to startups and crypto-focused ventures following the collapse of Silicon Valley Bank, according to the Australian…
Asia banks may face difficulty bolstering capital via AT1s – Citi
HONG KONG (Reuters) – Asian lenders may find it difficult to replenish their capital by issuing Additional Tier-1 (AT1) bonds, Citigroup said in a research note on Wednesday, after the Swiss authorities’…
Goldman Sachs exec: Smaller banks must prepare for stricter regulations -Handelsblatt
FRANKFURT (Reuters) – Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said some smaller banks will need more capital and the sector should brace for stricter regulation of regional…
After Collecting Millions From Wall Street, Janet Yellen Now Helps Decide Which Banks Get Bailouts
After Collecting Millions From Wall Street, Janet Yellen Now Helps Decide Which Banks Get Bailouts Jason Cohen on March 20, 2023 After raking in over $7 million in speaking fees from financial…
Coinbase halts support for Signature Bank’s digital payments platform
(Reuters) – Cryptocurrency exchange Coinbase Global Inc said on Monday it has stopped support for Signature Bank’s digital payments platform Signet, more than a week after U.S. regulators took control of the…
U.S. banks should defend by boosting liquidity, curbing risk -Morgan Stanley
NEW YORK (Reuters) – U.S. banks should boost liquidity, tighten lending standards and boost balance sheet defenses after bank closures heightened concerns about systemic risks, Morgan Stanley analysts said on Monday. “Expect…
Global banking turbulence prompts Wall Street banks to trim hawkish Fed bets
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 their hawkish…
ECB’s Stournaras: Chance of contagion to EU banks “very small”
ATHENS (Reuters) – The European banking system is well-equipped with capital and the probability of contagion due “very small”, ECB’s policymaker Yannis Stournaras said in an interview with CNBC on Monday. “We…
US funding stress metric hits three-month high as crisis rattles regional banks
LONDON (Reuters) – A market-based indicator of stress in the U.S. banking system jumped on Monday to its highest in three months, as turmoil engulfed regional lenders following the collapse of Silicon…
Bank of England welcomes Credit Suisse deal, says UK banks are safe
LONDON (Reuters) – The Bank of England welcomed moves by the Swiss authorities to broker a take-over by UBS of Credit Suisse on Sunday, indicating it would support approval of the deal,…
Janet Yellen’s Policy Would Destroy Small US Banks While Bailing Out Chinese Depositors, Experts Say
Janet Yellen’s Policy Would Destroy Small US Banks While Bailing Out Chinese Depositors, Experts Say Jason Cohen on March 17, 2023 Treasury Secretary Janet Yellen stated during her testimony at a Senate…
Analysis-As worries over banks swirl, investors seek protection against market crash
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors are increasingly seeking insurance against a sudden crash in stocks, fearing that more tumult is in store for markets after worries over the…
Actions giving banks more time to address organization, US’s Adeyemo says
WASHINGTON (Reuters) – Global markets will need time to process actions by regulators and banks this week, U.S. Deputy Treasury Secretary Wally Adeyemo told CNBC on Friday, adding that U.S. officials will…
Shark Tank Star Questions The Need For ‘Tiny Regional Banks’
Shark Tank Star Questions The Need For ‘Tiny Regional Banks’ Harold Hutchison on March 16, 2023 Canadian businessman Kevin O’Leary told Fox News host Tucker Carlson Thursday that regional banks are unnecessary…
Vietnam plans tighter limits on stakes in banks in blow to foreign investors
By Phuong Nguyen HANOI (Reuters) – Vietnam’s central bank is seeking to reduce the maximum stake investors can hold in Vietnamese banks, according to a published draft document on a regulatory change…
ECB’s Villeroy: rate hike signals strong confidence in European banks
PARIS (Reuters) – The European Central Bank’s decision to raise interest rates by half a point on Thursday reflects the central bank’s priority of fighting inflation and also signals strong confidence in…
Global turmoil makes Australian banks’ refinancing mountain a harder climb
By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) – An A$300 billion ($201.21 billion) refinancing task for Australia’s biggest banks is about to get harder, say analysts, as appetite for new debt…
Marketmind: Support for troubled banks calms markets
A look at the day ahead in European and global markets from Anshuman Daga The week-long rollercoaster ride for global markets turned calmer and a little more positive on Friday as investors…
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