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
NEW YORK, March 23 (Reuters) – Hundreds of workers at Walmart’s five U.S. facilities that process e-commerce orders are told to find jobs within 90 days at other company locations, a doorman confirmed. -talk to Reuters. About 200 workers in Pedricktown, New Jersey, and hundreds more in Fort Worth, Texas; Chino, California; Davenport, Florida; and … 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) – Citigroup Inc (CN) CEO Jane Fraser expressed confidence in U.S. banks on Wednesday after a series of shutdowns rattled investors and fueled turmoil in global financial markets. “The banking system is pretty solid,” and the major regional banks are well capitalized, Fraser told the Economic Club of Washington DC on Wednesday. … 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
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
March 21 (Reuters) – Shohei Ohtani knocked out Mike Trout in a showdown between two of the game’s best players to seal Japan’s 3-2 victory over the United States in a thrilling World Baseball Classic final ( WBC) at LoanDepot Park in Miami on Tuesday. Baseball is the national pastime of the United States, but … 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
