U.S. Bank Failures Pose Risk to Global Growth
Turmoil in the U.S. banking sector increases the risks of a global recession. Source link
Banking/Credit
Banking Strains, Inflation Threaten Global Economic Rebound
EconomyA strong services sector is supporting activity around the world, but that strength also fuels inflation Source link
Fed Walks Tightrope Between Inflation and Bank Turmoil—but for How Long?
EconomyCapital AccountCentral bank nods to bank troubles but presses ahead with slightly slower rate increases Source link
Fed Raises Rates but Nods to Greater Uncertainty After Banking Stress
EconomyU.S. EconomyOfficials voted unanimously to increase their benchmark short-term rate by a quarter percentage point Source link
SVB-Fueled Turmoil Junks Lessons of the Global Financial Crisis
The Fed and Congress thought smaller banks, deposits and bonds were boring and safe; instead, they are the source of...
Fed Raised Concerns About SVB’s Risk Management in 2019
The central bank issued numerous warnings to SVB, suggesting the bank’s problems were on the radar of its primary federal...
Credit Suisse, the Risk-Taking Swiss Banking Giant, Succumbs to Crisis
The bank’s agreement to be bought by rival UBS marks the end of 167 years as an independent institutionUBS agreed...
UBS Close to Deal to Buy Credit Suisse for Over $2 Billion
MarketsFinanceDeal is part of effort to prevent further erosion of confidence in banking system Source link
Pain In the Tech Industry Is Beginning to Hit the Rest of Us
The effects of the Silicon Valley Bank failure filter through the economy beyond tech, as up to one in five...
Biden Asks Congress for More Authority to Punish Bank Executives
MarketsFinancial RegulationAdministration tries to contain fallout from bank failures Source link
Why Top Washington Officials Chose to Rescue SVB, Signature Depositors
For more than a decade after the collapse of Lehman Brothers in 2008, Washington’s regulatory watchdogs sought to ensure that...
How Goldman’s Plan to Shore Up Silicon Valley Bank Crumbled
Silicon Valley Bank executives went to Goldman Sachs Group Inc. in late February looking for advice: They needed to raise...
February Retail Sales to Show if Consumers Pulled Back
Credit- and debit-card data showed spending lost momentum. Source link
Asian Startups Lose Confidence in U.S. Banking After SVB Panic
BusinessBank’s collapse underlines role of U.S. money in global tech financing Source link
Silicon Valley Bank Collapse Becomes Campaign Topic as GOP Warns Against Bailout
PoliticsRepublican presidential hopefuls argue against taxpayer-funded assistance for those who suffer losses Source link
Regulators Hold Auction for Silicon Valley Bank
MarketsFinanceBuyers for bank are sought in an effort to repay depositors Source link
Investors, Startups Work to Find Cash Lifelines After Silicon Valley Bank Collapse
TechVenture funds extend short-term loans amid cash crunch while some founders plan to use personal funds to cover payrolls Source...
Circle’s USDC Stablecoin Breaks Peg With $3.3 Billion Stuck at Silicon Valley Bank
MarketsCurrenciesCryptocurrencySpooked investors cashed out over $2 billion worth of USD Coin, knocking the dollar-pegged token below 87 cents Source link
Bank of England Shuts Silicon Valley Bank’s U.K. Subsidiary
The unit has no critical function in the country’s financial system, the BOE said, but others worry about the hit...
Bank Profits Fell 6% Last Year as War, Inflation and Higher Rates Hurt Results
The $263 billion in total profit ranks as second-best on record, yet recession fears prompted a rise in loan-loss reserves....
