By Chiara Elisei LONDON (Reuters) – Corporates’ access to capital deteriorated after turmoil in the banks sector in March while cash flow and earnings are under increasing pressure from potential …
turmoil
-
-
Business News
Vanguard bought large banks’ bonds on the cheap during March turmoil
by Reutersby ReutersBy Davide Barbuscia NEW YORK (Reuters) – Vanguard, the world’s second-largest asset manager, increased exposure to large bank’s bonds during the banking rout in March, taking advantage of cheap valuations, …
-
Business News
Hedge funds bought financial stocks amid banking turmoil, says S&P
by Reutersby ReutersBy 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 …
-
Business News
Banking turmoil questions begin at board level, says Basel’s de Cos
by Reutersby ReutersBy Huw Jones LONDON (Reuters) – Board members at banks have urgent questions to answer about basic risk management following recent turmoil, the head of a global banking standards committee …
-
Business News
G20 financial watchdog seeks to learn from latest banking turmoil
by Reutersby ReutersBy 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, …
-
Business News
Austrian banks unaffected by banking turmoil – finance minister tells NZZ
by Reutersby ReutersZURICH (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 sector, Finance Minister Magnus Brunner …
-
By Tommy Wilkes and Patturaja Murugaboopathy LONDON (Reuters) – Investment funds with environmental, social and governance (ESG) goals appear to be back in vogue in 2023, although the banking crisis …
-
Business News
Stellantis sees vehicle loan durations extended amid banking turmoil
by Reutersby ReutersMILAN (Reuters) – Stellantis is seeing clients seeking longer-term financing and leasing deals for their vehicles as a consequence of higher global interest rates, the carmaker’s head for the business …
-
Business News
US consumer mood darkens but banking turmoil impact limited so far, UMich says
by Reutersby Reuters(Reuters) – U.S. consumer sentiment fell for the first time in four months in March as consumers worried increasingly that a recession is coming, although the turmoil in the banking …
-
Business News
Citigroup sees global profits shrinking 5% in aftermath of banking turmoil
by Reutersby Reuters(Reuters) – Citigroup equity strategists flagged a likely 5% contraction in global profits this year as turmoil in the banking sector raises the risk of a recession. Financial markets have …
-
(Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue, and the ensuing turmoil in world markets have re-ignited the recession …
-
WASHINGTON (Reuters) – Rapid actions by policymakers and major central banks after banking collapses in the United States and Switzerland have eased market stress to some extent but continued vigilance …
-
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 …
-
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank needs to keep raising interest rates because underlying price growth is sticky, two policymakers seen as hawkish said …
-
Business News
ECB supervisors see no contagion to euro zone from bank turmoil, source says
by Reutersby ReutersFRANKFURT (Reuters) – European Central Bank supervisors meeting on Friday saw no contagion to euro zone banks from the market turmoil that has engulfed Credit Suisse and some U.S. lenders, …
-
Business News
Global turmoil makes Australian banks’ refinancing mountain a harder climb
by Reutersby ReutersBy 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 …
-
Business News
Australia ‘closely monitoring’ global financial turmoil -treasurer
by Reutersby ReutersSYDNEY (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 …
-
Business News
ECB goes big on rates but bank turmoil clouds outlook for central banks
by Reutersby ReutersLONDON (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 …
-
FRANKFURT (Reuters) – The European Central Bank pushed through another big increase in interest rates on Thursday, sticking to its inflation fight despite turmoil in financial markets that has raised …
-
Business News
Santander halts $942 million subprime auto ABS sale amid turmoil – Bloomberg News
by Reutersby Reuters(Reuters) – Santander Consumer USA on Wednesday postponed the sale of bonds worth $942 million that are backed by subprime auto loans as the deepening Credit Suisse Group AG crisis …
-
LONDON (Reuters) – British markets, roiled by concerns about European banks after shares in Credit Suisse fell 30%, showed little reaction to Chancellor Jeremy Hunt’s budget on Wednesday. The pound …
-
Business News
Dollar demand picks up sharply as turmoil in banks rattles investors
by Reutersby ReutersLONDON (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 …
-
LONDON (Reuters) – European banking stocks headed for their largest one-day fall in nine months on Friday, a day after a sharp sell-off in U.S. banks. Europe’s STOXX banking index …
-
US and World News
Nepal’s ruling coalition in turmoil as deputy PM and 3 other ministers quit
by Reutersby ReutersBy Gopal Sharma KATHMANDU (Reuters) – Nepal’s ruling coalition was in turmoil on Saturday after the prime minister said he planned to support a presidential candidate from an opposition party, …
-
Business News
Bank of Israel chief convened stability panel amid market turmoil -media
by Reutersby ReutersJERUSALEM (Reuters) – Bank of Israel Governor Amir Yaron held an emergency meeting of the country’s Financial Stability Committee late on Wednesday to discuss developments in the financial markets including …