Financial

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 …

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, …

By David Lawder WASHINGTON (Reuters) – Rising geopolitical tensions and the resulting fragmentation of the global economy could increase financial stability risks, reducing cross-border investments, asset prices, payment systems and …

BEIJING (Reuters) – China will safeguard the yuan and financial stability, central bank governor Yi Gang told a financial forum on Tuesday. Yi’s remarks in the wake of the global …

(Reuters) – Australian shipbuilder Austal Ltd sank as much as 8.4% to its lowest level in more than four years on Monday after the United States Department of Justice indicted …

By Giancarlo Navach CERNOBBIO, Italy (Reuters) – The European Central Bank (ECB) is monitoring broad risks across the financial sector and will act to preserve stability in the euro area, …

By Lananh Nguyen and Nupur Anand NEW YORK (Reuters) – Bank of America Corp’s digital personal finance tool, Life Plan, has attracted more than $55 billion in new money since …

(Reuters) – Markets have experienced massive upheaval in the last month, prompted in part by two of the three largest banking failures in U.S. history while Swiss lender Credit Suisse …

By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) – Federal Reserve officials on Friday said there was no indication financial stress was worsening as they gathered at a policy meeting …

(Reuters) – Ally Financial Inc has hired Russell Hutchinson from Goldman Sachs as its chief financial officer effective July 3, the company said on Friday. Hutchinson has spent two decades …

(Reuters) – British consumer confidence rose this month to its highest level in a year, helped by improving sentiment around the economy and despite persistent gloom over personal finances, a …

NEW YORK, NY – Four professional basketball players were defrauded of over $13 million, resulting in charges against Darryl Cohen, Brian Gilder, Charles Briscoe, and Calvin Darden, Jr. The U.S. …

NEW YORK (Reuters) – Berkshire Hathaway’s Warren Buffett has been in discussions with senior Biden administration officials about the banking crisis, leading some to speculate that Buffett would consider investing …

By Kanishka Singh WASHINGTON (Reuters) – U.S. House of Representatives Financial Services Committee Chairman Patrick McHenry said on Wednesday it was too early to tell if new legislation is necessary …

(Reuters) – California’s financial regulator said on Monday it will issue a report on a comprehensive review of its own oversight and regulation of Silicon Valley Bank by early May. …

(Reuters) – SVB Financial Group on Monday filed a number of “First Day Motions” to seek authorization from a bankruptcy court to support the operations of the company’s SVB Capital …

TAIPEI (Reuters) – Taiwan’s central bank is expected to keep its policy rate unchanged this week, according to economists polled by Reuters, as the island’s economy and inflation slow and …

SHANGHAI (Reuters) – China will encourage foreign capital to participate in its financial markets and may allow foreign-funded financial institutions to go public in the country when “conditions are ripe”, …

SYDNEY (Reuters) – Australia is closely monitoring the current global financial turmoil, including the situation at Swiss lender Credit Suisse and some banks in the United States, Treasurer Jim Chalmers …

FRANKFURT (Reuters) – German Chancellor Olaf Scholz sought to assuage fears that the collapse of Silicon Valley Bank and problems at Credit Suisse might trigger a new financial crisis, saying …

LONDON (Reuters) – The collapse of Silicon Valley Bank last week and the turmoil around Credit Suisse do not pose a direct threat to Latin America’s financial system, S&P Global …

TAIPEI (Reuters) – The Taiwanese financial sector’s exposure to Credit Suisse is low and “controllable”, the island’s financial regulator said on Thursday. Taiwanese insurers – large investors on global bond …

By Douglas Gillison (Reuters) – The top U.S. markets regulator on Wednesday renewed a vow to prosecute any misconduct threatening global markets, saying it had a responsibility to protect market …

Financial Ratings Giant Issues Chilling Prediction For Entire Banking Industry Laurel Duggan on March 14, 2023 Moody’s Investor Service changed its view on the entire banking system from stable to …