Smaller Chinese banks cut deposit rates on squeezed margins
BEIJING (Reuters) – Several small and mid-sized banks in China have lowered their deposit interest rates, a move that could help ease costs as loan …
banks
No escape from the zero lower bound for top central banks – IMF
By Howard Schneider WASHINGTON (Reuters) – Interest rates eventually should fall back to levels seen before the outbreak of COVID-19, with advanced economies again within …
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 …
Risks loom over China’s top tier banks from property downturn, higher costs
By Ziyi Tang and Ryan Woo BEIJING (Reuters) – China’s largest banks will see near-term revenue and margin pressures on a persisting property sector downturn, …
Banks brave junk debt jitters with $3.8 billion Citrix bond sale
By Matt Tracy and Abigail Summerville WASHINGTON (Reuters) – A Goldman Sachs Group Inc-led group of banks will hold an investor call on Monday to …
Global central banks keep up inflation fight in March
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace of interest rate hikes by major developed and emerging market central banks continued at …
Analysis-Outlook for European banks left clouded as storm abates
By Joice Alves and Naomi Rovnick LONDON (Reuters) – European banking stocks were meant to shine in 2023. But after a two-week storm which had …
Global IPOs marred by banks and recession enjoy few bright spots
By Pablo Mayo Cerqueiro, Echo Wang and Elisa Anzolin LONDON/NEW YORK (Reuters) – A banking crisis and worries of a recession have dampened the outlook …
Japan regional banks can weather foreign bond losses – regulatory official
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Japanese regional lenders will be well able to weather even “large” losses on their foreign bond …
Community banks should not feel deposit insurance pain, White House says
By Douglas Gillison and Pete Schroeder (Reuters) – The White House on Thursday moved to reassure the nation’s community banks that they would not have …
Big Banks Raking In Billions Following Federal Bailouts As Smaller Banks Suffer
Big Banks Raking In Billions Following Federal Bailouts As Smaller Banks Suffer Jason Cohen on March 30, 2023 Bank customers moved billions of dollars in …
Shorting global banks fetches $14.3 billion in paper profit in March – S3 Partners
(Reuters) – Short sellers made $14.3 billion in paper profit from their bearish bets on global banking stocks in March, according to analytics firm S3 Partners, …
Australia’s CBA, Westpac expect rate-hike pause in April; other top banks vary
(Reuters) – Commonwealth Bank of Australia (CBA) expects the country’s central bank to pull brakes next week on one of the most aggressive tightening cycles …
Marketmind: Out of the sinking, banks ‘n’ tech lead the way
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The recovery from this month’s banking shock is …
U.S. banks fallout will intensify margin headwinds for Aussie lenders, UBS says
(Reuters) – Australian banks are well-positioned to deal with the pressures emanating from the recent bank runs in the United States, but their margins could …
US consumer finance chief calls for better risk management at banks, fintechs
By Nupur Anand and Tatiana Bautzer (Reuters) – The recent failures of mid-size U.S. lenders show the need for more robust risk management at banks …
Europe’s banks in ‘better place’ than U.S. in terms of commercial property risk – JPMorgan
By Marc Jones LONDON (Reuters) – Europe’s banks face less threat from some of the problems now showing in the commercial real estate markets than …
Japan banks’ holdings of Credit Suisse AT1 bonds small – Finance Minister
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japanese banks’ holdings of Additional Tier-1 (AT1) bonds issued by Credit Suisse are small so the direct …
Fed’s Jefferson: Trouble among small, regional banks could hit small businesses
LEXINGTON, Virginia (Reuters) – The shuffling of deposits from small to large banks could have a disproportionate impact on U.S. small businesses who depend heavily …
Explainer-What is the FDIC’s deposit insurance fund used to backstop failed banks?
By Hannah Lang (Reuters) – The Federal Deposit Insurance Corp (FDIC) and its flagship deposit insurance fund have been active since the Great Depression to …
PBOC official: China banks concerned about credit ratings in debt overhauls
By Rachel Savage JOHANNESBURG (Reuters) – Multilateral development banks (MDBs) reluctant to offer debt relief need to shoulder an “equitable burden” in sovereign debt restructurings, …
Hedge funds flee banks, lending-related stocks
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds cut their exposure to U.S. banking stocks to a near 10-year record low and fled …
Marketmind: Brittle banks find a berth
A look at the day ahead in U.S. and global markets from Mike Dolan The final week of a turbulent month and volatile quarter for …
India asks state-run banks to monitor top loan accounts – sources
By Siddhi Nayak MUMBAI (Reuters) – India has asked state-run lenders to adopt stricter monitoring of top corporate loan accounts and submit a plan to …
Marketmind: Banks are leaking money
A look at the day ahead in European and global markets from Wayne Cole It’s been a quiet Monday so far with Asian share markets …
India finance minister asks state run banks to assess risks
NEW DELHI (Reuters) – India finance minister has asked state-run banks to assess various financial health parameters amid turbulence across the global banking sector. After …
Biden Says US Banks Are ‘In Pretty Good Shape,’ Americans’ Savings Are ‘Secure’
Biden Says US Banks Are ‘In Pretty Good Shape,’ Americans’ Savings Are ‘Secure’ Harold Hutchison on March 24, 2023 President Joe Biden claimed Friday that …
Analysis-Small U.S. banks imperiled by big office loans
By Saeed Azhar and Matt Tracy NEW YORK (Reuters) – Small U.S. lenders that have outsized exposure to office loans could become the next group …
Fed regional banks to adopt uniform policy for public information requests
(Reuters) – The Federal Reserve’s 12 regional banks have agreed to adopt a common policy for handling public requests for information and will have it …
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 …
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 …
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 …
‘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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …