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…
How Silicon Valley Bank’s collapse ripped through global tech
By Martin Coulter (Reuters) – Not long after California startups started pulling money out of troubled Silicon Valley Bank, entrepreneurs in other parts of the world woke up to the news. “Around…
Fed: Details on which banks use new facility released a year after it ends
WASHINGTON (Reuters) – Details of which banks tap a new U.S. Federal Reserve liquidity facility will be released only a year after the program ends, tentatively set for March 11, 2024, the…
Factbox-Top five U.S. regional banks with most uninsured deposits
(Reuters) – The collapse of two major U.S. banks within days has put the spotlight on other mid-cap lenders’ balance sheets, with a few of them rushing to calm investors’ fears of…
‘Corporate Bailouts Must End’: 2024 GOP Candidates Weigh In On Silicon Valley Bank’s Collapse
‘Corporate Bailouts Must End’: 2024 GOP Candidates Weigh In On Silicon Valley Bank’s Collapse Mary Lou Masters on March 13, 2023 The collapse of Silicon Valley Bank (SVB) has sparked comments from…
Italy says hopes EU acts to shore up banks if needed, after SVB collapse
ROME (Reuters) – Italy’s Economy Minister Giancarlo Giorgetti is closely watching market developments following the collapse of the Silicon Valley Bank (SVB), the ministry said on Monday, adding that the European Union…
Marketmind: Banks rescued, rates recoil, stress builds
A look at the day ahead in U.S. and global markets from Mike Dolan U.S. regulators’ swift weekend action to limit fallout from the failure of Silicon Valley Bank has prompted one…
Singapore banking system’s exposure to failed US banks ‘insignificant’ – central bank
SINGAPORE (Reuters) – Singapore banking system has insignificant exposure to failed banks in the United States, its central bank said on Monday. Banks in Singapore are well capitalised and conduct regular stress…
US lawmakers met Fed, FDIC to discuss Silicon Valley Bank’s collapse – Coindesk
(Reuters) – U.S. lawmakers met with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the collapse of SVB Financial Group, Coindesk reported on Saturday citing a source. Democratic…
Inflation data on deck for markets hit by worries about Fed, banks
By Lewis Krauskopf NEW YORK (Reuters) – A critical inflation report next week will test a U.S. stock market already consumed by worries over Federal Reserve hawkishness and potential fallout from the…
Marketmind: Bond blows batter banks as SVB cracks
A look at the day ahead in U.S. and global markets from Mike Dolan If you were looking for signs of stress from the brutal hit to bond markets over the past…
Dollar demand picks up sharply as turmoil in banks rattles investors
LONDON (Reuters) – Demand for U.S. dollars in the currency derivative markets surged on Friday to its highest since mid-December, after a meltdown in U.S. banking stocks ignited a wave of investor…
Credit Suisse shares hit new all-time low as banks hit by U.S. fallout
ZURICH (Reuters) -Credit Suisse shares hit a new all-time low in early trading on Friday as the European banking sector suffered the fallout from a sharp sell-off in U.S. financial stocks. The…
Marketmind: Bye Kuroda – BOJ takes center stage as banks get battered
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Investors waking up in Asia on Friday hoping for a quiet day to ease into…
Americanas scandal won’t affect Brazil banks much even in “extreme scenario” – cenbank
BRASILIA (Reuters) – Brazil’s central bank stated on Thursday that the potential impact of the accounting scandal involving retailer Americanas SA on banks would be ‘insignificant’ even in an extreme scenario. The…
ECB to test banks for cyber resilience, Enria says
FRANKFURT (Reuters) – The European Central Bank plans to test the cyber resilience of the euro zone’s top banks after a sharp rise in cyberattacks, including after Russia’s invasion of Ukraine, ECB…
Australia’s ‘Big Four’ banks to hike home loan rates to match RBA move
(Reuters) – Australia’s so-called ‘Big Four’ banks said on Thursday they would pass on the central bank’s latest quarter-percentage point interest rate hike in full to their home loan customers. The move…
Irish banks see commercial real estate revaluations as manageable
By Padraic Halpin DUBLIN (Reuters) – Ireland’s two dominant banks, AIB Group and Bank of Ireland, expect commercial real estate values to fall this year but said this week conservative underwriting in…
Factbox-Hold or hike? Latin American central banks’ wield rates to battle rising prices
MEXICO CITY (Reuters) – A stubborn surge of inflation has caused central banks worldwide to adapt monetary policy to protect people and businesses from price increases, with many raising interest rates in…
After steep climb in rates, Latam central banks show no signs of reversal
By Isabel Woodford MEXICO CITY (Reuters) – Latin American central banks have dashed hopes that they will back off sky-high benchmark interest rates, amid stubbornly high inflation, expected further tightening by the…
Marketmind: Don’t fight central banks
A look at the day ahead in European and global markets from Anshuman Daga Judging by the improved mood in global equity markets, investors are once again having a go at central…
Major Banks Bend The Knee To Climate Activists, Accelerate Plans To Cut Coal Investments
Major Banks Bend The Knee To Climate Activists, Accelerate Plans To Cut Coal Investments John Hugh DeMastri on March 4, 2023 Both U.S.-based bank Citi and German Deutsche Bank announced plans to…
European banks, asset managers study halving stocks settlement time
By Huw Jones LONDON, Mar 2 (Reuters) – Banks and asset managers have set up a new task-force to study whether Europe should keep up with Wall Street by halving the time…
Factbox-Fed rate watch: Wall Street banks see longer hike cycle, higher rates
(Reuters) – As the U.S. economy holds up better than expected in the face of aggressive interest rate hikes, markets have started pricing in a higher peak rate as the Federal Reserve…
Banks pile into euro zone bond sales as rates shoot up
By Yoruk Bahceli (Reuters) – Banks are becoming the leading buyers of some euro zone governments’ bond sales, taking advantage of surging interest rates as the European Central Bank looks to reduce…
BIS urges central banks to ‘get the job done’
By Marc Jones LONDON (Reuters) – Central banks need to “get the job done” when it comes to getting inflation back under control, the Bank for International Settlements has said, urging them…
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