A U.S. recession would be ‘good news’ for markets, strategist says
Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City. […]
Jamie Dimon warns panic will overtake markets as U.S. approaches debt default
JPMorgan Chase and Company President and CEO Jamie Dimon testifies before a Senate Banking, Housing, and Urban Affairs hearing on “Annual Oversight […]
Buffett says U.S. bank deposits are safe and the government would backstop all of them if necessary
Paul Morigi | Getty Images Entertainment | Getty Images Warren Buffett said Americans should not be concerned about their bank deposits in […]
Here’s why the U.S. had to sweeten terms to get the SVB sale done
The winning bidder in the government’s auction of Silicon Valley Bank’s main assets received several concessions to make the deal happen. First […]
Key lawmakers say upcoming hearings on bank failures aim to boost U.S. confidence in banking sector
Rep. Patrick McHenry (R-NC) and Chairman of the House Financial Service Committee Maxine Waters (D-CA) listen as David Marcus, CEO of Facebook’s […]
The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?
Axel Lehmann, chairman of Credit Suisse Group AG, Colm Kelleher, chairman of UBS Group AG, Karin Keller-Sutter, Switzerland’s finance minister, Alain Berset, […]
European lawmakers are quietly miffed at U.S. regulators over SVB’s collapse
Chair of the ECB Supervisory Board Andrea Enria and Chairperson of the European Banking Authority (EBA) Jose Manuel Campa in the European […]
Fitch says banks in Asia are resilient to risks seen in U.S. bank failures
A sign for the financial agency Fitch Ratings on a building at the Canary Wharf business and shopping district in London, U.K., […]
Goldman Sachs cuts GDP forecast because of stress on small banks, which are key to U.S. economy
Photo illustration, the Silicon Valley Bank logo is visible on a smartphone, with the stock market index in the background on the […]
Stock Market & Inflation: A Look at the U.S. Producer Price Index for February 2023
Introduction This week is a big week for inflation data in the U.S. Tuesday saw investors take account of Consumer Prices for […]
Why regulators seized Signature Bank in third-biggest bank failure in U.S. history
The Signature Bank headquarters at 565 Fifth Avenue in New York, US, on Sunday, March 12, 2023. Lokman Vural Elibol | Anadolu […]
Bitcoin jumps 10% with crypto market topping $1 trillion as U.S. creates backstop for SVB depositors
Jakub Porzycki | Nurphoto | Getty Images Cryptocurrencies rallied on Monday as the U.S. government moved to protect depositors of the collapsed […]