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…
Fitch says APAC banks resilient to risks highlighted by U.S. bank failures
(Reuters) – Ratings agency Fitch said on Thursday that direct exposures to Silicon Valley Bank <SIVB.O> and Signature Bank among its portfolio of rated banks in the Asia-Pacific (APAC) region appear limited.…
NZ banks operating above minimum regulatory requirements -central bank
(Reuters) – New Zealand’s central bank said on Friday all banks in the country were currently operating above its minimum regulatory requirements and that it was closely monitoring the turmoil in global…
Mexico central bank’s main focus is tackling inflation -deputy governor
MERIDA, Mexico (Reuters) – Bank of Mexico’s main focus is tackling inflation, deputy governor Galia Borja said on Thursday, when asked how fears of a banking crisis roiling U.S. and European markets…
Mexico’s top central banker: Mexican banks robust, have sufficient cash
MERIDA, Mexico (Reuters) – Bank of Mexico Governor Victoria Rodriguez vouched for the country’s banking system on Thursday, calling it robust and sufficiently liquid, just days after banking woes struck lenders abroad,…
First Republic receives $30 billion in deposits from big banks
(Reuters) – First Republic Bank has received $30 billion in deposits from several big banks including JPMorgan Chase & Co, Citigroup Inc and Morgan Stanley, the banks said in a statement on…
Fed likely to raise rates by 25 bps, with eyes on banks -PIMCO’s CIO
By Davide Barbuscia NEW YORK (Reuters) – The U.S. Federal Reserve will likely raise rates by 25 basis points at its next rate-setting meeting next week, although further signs of financial sector…
After SVB collapse, rating agencies back banks to cope with rate pressures
By Lawrence White and Marc Jones LONDON (Reuters) – Banks should largely be able to cope with “unrealised losses” on bonds and the collapse of Silicon Valley Bank, top credit ratings agencies…
U.S. regional banks under pressure to raise deposit rates – analysts
By Tatiana Bautzer NEW YORK (Reuters) – U.S. regional banks are expected to pay higher rates to depositors to keep them from switching to larger lenders, banking analysts said, following the collapse…
ECB goes big on rates but bank turmoil clouds outlook for central banks
LONDON (Reuters) – The European Central Bank on Thursday stuck with plans for a big interest rate increase, keeping up the pace of its monetary tightening to contain inflation even as markets…
S&P Global says banks’ unrealized losses manageable at this stage
LONDON (Reuters) – Rating agency S&P Global said on Thursday that the banks around the world that it provides credit scores for should be able handle “unrealized losses” from global interest rate…
Credit Suisse CEO said bank’s liquidity basis is “very very strong”
(Corrects the source of the interview in first paragraph) ZURICH (Reuters) – Credit Suisse Chief Executive Ulrich Koerner spoke of the strength of the Swiss lender’s liquidity basis in an interview with…
Goldman Sachs Due For A Huge Profit Off Other Bank’s Failure
Jason Cohen on March 15, 2023 NEW YORK, NY – Goldman Sachs, one of the largest U.S. investment banks with strong political ties, is likely to gain a massive profit following their…
S&P says SVB fallout won’t lead to rating actions on APAC banks
(Reuters) – Ratings agency S&P on Thursday said the fallout from Silicon Valley Bank’s collapse may not lead to any rating actions on Asia-Pacific banks as they are well placed to absorb…
French insurer AXA outlines bond exposure to SVB and US regional banks
PARIS (Reuters) – French insurer AXA has a relatively small corporate bond exposure to Silicon Valley Bank, group Deputy CEO Frederic de Courtois told a Morgan Stanley investor conference this week. “On…
South Korea considering asking banks to build more capital buffers
SEOUL (Reuters) – South Korea is considering requiring banks to hold more capital as part of efforts to make the banking system better prepared for financial instability, the top financial regulatory agency…
Marketmind-Deep breaths as banks calm, but only a bit
A look at the day ahead in U.S. and global markets from Mike Dolan Hyperventilating world markets have finally caught their breath as the U.S. bank shock of the past week appeared…
Malaysia says its banks have limited exposure to Silicon Valley Bank crisis
KUALA LUMPUR (Reuters) – Malaysia’s government on Wednesday said the country’s banks have limited exposure to Silicon Valley Bank that collapsed last week in the United States, triggering fear of contagion. “Based…
DENNIS PRAGER: Banks Go Bust When Activism Comes Before Business
DENNIS PRAGER: Banks Go Bust When Activism Comes Before Business Dennis Prager on March 14, 2023 The primary concern of the people who ran the Silicon Valley Bank (SVB) — the bank…
Former Treasury Official Says US Banks On Verge Of ‘Nationalization’
Former Treasury Official Says US Banks On Verge Of ‘Nationalization’ Harold Hutchison on March 14, 2023 A former Treasury Department official said Tuesday that American banks were on the verge of being…
No all-clear yet for European banks after SVB collapse – German economist
BERLIN (Reuters) – European banks are not completely in the clear after the collapse of Silicon Valley Bank and Signature Bank even though they do not face a systemic risk, the president…
Here’s How The Average American Could End Up Footing The Bill For Silicon Valley Bank’s Collapse
Here’s How The Average American Could End Up Footing The Bill For Silicon Valley Bank’s Collapse Jason Cohen on March 13, 2023 The Biden administration stated in their Bank Term Funding Program…
STEVE HANKE And CALEB HOFMANN: Banks Have Now Become Gov’t-Backed Businesses — Just Look At Silicon Valley Bank
STEVE HANKE And CALEB HOFMANN: Banks Have Now Become Gov’t-Backed Businesses — Just Look At Silicon Valley Bank Steve Hanke And Caleb Hofmann on March 13, 2023 Nobelist and high priest of…
Tucker Carlson Wonders What The Federal Gov’t Will Get In Return For ‘Backstopping’ Deposits At Failed Banks
Tucker Carlson Wonders What The Federal Gov’t Will Get In Return For ‘Backstopping’ Deposits At Failed Banks Harold Hutchison on March 13, 2023 Fox News host Tucker Carlson questioned what the federal…
Moody’s downgrades Signature Bank to junk, places six U.S. banks under review
(Reuters) – Ratings agency Moody’s on Monday downgraded the debt ratings of collapsed New York-based Signature Bank deep into junk territory and placed the ratings of six other U.S. banks under review…
Fitch downgrades and withdraws Signature Bank’s ratings
(Reuters) – Rating agency Fitch on Monday downgraded Signature Bank’s long-term corporate ratings to ‘D’ from ‘BBB+’ after state regulators closed the New York-based bank on Sunday. Signature Bank’s short-term corporate ratings…
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