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
NEW YORK, March 22 (Reuters) – As the beleaguered First Republic Bank (FRC.N) considers its options, Treasury Secretary Janet Yellen said on Wednesday there was no talk of insurance for all deposits, making a “bullish” scenario more difficult for the stock. First Republic, whose shares have lost much of their value since the start of … 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
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
Ernie’s launch comes as Google and Microsoft step up the AI game Baidu shares fall as CEO gives brief video presentations Analysts say scripted event, pre-recorded videos disappointed Ernie can do math, write poems, generate images and videos BEIJING/HONG KONG, March 16 (Reuters) – China’s Baidu on Thursday unveiled its highly anticipated artificial intelligence-based chatbot … Read more
March 16 (Reuters) – Credit Suisse (CSGN.S) said on Thursday it would borrow up to $54 billion from the Swiss central bank to bolster liquidity and investor confidence, after a slump in its equities has intensified fears of a global banking crisis. The bank’s announcement, which came in the middle of the night in Zurich, … Read more
February CPI in line with expectations Regional banks rebound Meta rises on more layoff plans Indices up: Dow 1.33%, S&P 1.95%, Nasdaq 2.36% March 14 (Reuters) – U.S. bank stocks rebounded on Tuesday, pushing major Wall Street indexes higher as a slight slowdown in consumer price growth prompted investors to expect a lower rate hike … Read more
March 13 (Reuters) – Shares of U.S. regional banks tumbled on Monday, led by steep losses at First Republic Bank (FRC.N), as news of new funding failed to quell fears of a possible banking contagion following the collapse of SVB Financial Group (SIVB.O) and Signature Bank (SBNY.O). San Francisco-based First Republic was able to meet … Read more
