WASHINGTON, March 24 (Reuters) – The U.S. multi-regulatory Financial Stability Oversight Board agreed on Friday that the U.S. banking system remains “sound and resilient” despite strains on some institutions, the U.S. Treasury said in its latest statement. to calm nervous markets and bank depositors. In a reading from a closed-door meeting chaired by Treasury Secretary … Read more
March 23 (Reuters) – The Bank of England on Thursday followed the Federal Reserve and the Swiss National Bank in continuing to hike interest rates, saying Britain’s banking sector was strong enough to withstand the instability that caught on in the markets this month. Relentless rate hikes to curb inflation are among the factors responsible … Read more
March 22 (Reuters) – U.S. authorities are expected on Wednesday to consider measures to further bolster financial stability, as well as scenarios to address the problems still facing regional lender First Republic Bank. As the recent market turmoil has eased, the Federal Reserve meeting is now in focus, with traders divided on whether the US … Read more
Asian scholarships: Nikkei rebounds with banks, S&P 500 futures hold steady Market favors 25 basis point Fed hike and dovish stance Euro holds onto gains after jump in German bond yields SYDNEY, March 22 (Reuters) – Asian stocks rallied cautiously on Wednesday in hopes of averting a global banking crisis amid uncertainty surrounding the outlook … Read more
March 21 (Reuters) – SVB Financial Group and the federal regulator that shuttered its Silicon Valley Bank unit said at a hearing in bankruptcy court on Tuesday that a fight looms over more $2 billion of the money from the former parent company that was seized with the lender. SVB Financial, which filed for bankruptcy … Read more
March 21 (Reuters) – As crisis grips the traditional world of stocks and bonds, bitcoin is suddenly looking like a safe haven. The infamously volatile cryptocurrency looks positively buoyant, much like a banking meltdown pushes markets into the arms of a recession. Bitcoin is up 21% this month, while a choppy S&P 500 lost 1.4% … Read more
WASHINGTON, March 20 (Reuters) – Hard-line Republicans in the House of Representatives vowed on Monday to oppose any universal federal guarantee on bank deposits above the current limit of $250,000, throwing a major hurdle to a key tool regulators could deploy if banks rush again. as financial confidence falters. The Republican House Freedom Caucus said … Read more
Credit Suisse tumbles more than 60% after emergency weekend takeover European banks recover ground after initial 5% drop Government bonds and gold rally as investors seek safety Wall Street opens flat, First Republic Bank collapses LONDON, March 20 (Reuters) – European bank stocks retaliated on Monday after an early slump and the interactive rush for … Read more
SINGAPORE, March 20 (Reuters) – U.S. equity futures rose in Asian trade on Monday in relief from a weekend bailout deal for Credit Suisse, although the mood was jittery and that financial stocks remain under pressure from contagion fears, even with support from global central banks . S&P 500 futures rose 0.5% in bumpy early … Read more
WASHINGTON, March 16 (Reuters) – The U.S. banking system remains strong and Americans can be confident their deposits will be there when needed, Treasury Secretary Janet Yellen said on Thursday, although she denied that recent moves emergency following two major bank failures meant that a general government guarantee now existed for all deposits. In his … Read more
