The Fed needs to stop raising rates now, former FDIC chair says after Silicon Valley Bank failure | CNN Business
New York CNN — Sheila Bair, a top banking regulator during the 2008 financial crisis, says the stunning implosion of...
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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
Parisian streets littered with trash after wave of strikes | CNN
Paris CNN — The City of Lights has a garbage problem. Massive strikes in Paris against pension reform this week...
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...
Opinion: China’s new role: relationship coach on the world stage | CNN
Editor’s Note: David A. Andelman, a contributor to CNN, twice winner of the Deadline Club Award, is a chevalier of...
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...
Silicon Valley Bank collapses after failing to raise capital | CNN Business
New York CNN — Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which its capital crisis...
The US economy added 311,000 jobs in February, outpacing expectations | CNN Business
Minneapolis CNN — The US economy added 311,000 jobs in February, according to the latest monthly employment snapshot from the...
Global markets sink after sharp selloff in US bank stocks | CNN Business
London/Hong Kong CNN — Markets in Europe and Asia tumbled Friday following a sharp selloff in banking stocks in the...
The Fed wants to limit wage growth. That’s particularly bad for women | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
Bank of Japan keeps low rates as Kuroda sticks to script at swan song meeting | CNN Business
Tokyo Reuters — The Bank of Japan (BOJ) maintained ultra-low interest rates on Friday and held off making changes to...
Now even the ‘smart money’ traders are using Reddit for stock tips | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
All this good economic news might actually be bad news for average Americans | CNN Business
New York CNN — The US economy has been remarkably resilient, defying a year’s-worth of recession calls. From the labor...
Credit Suisse delays annual report after ‘late call’ from the SEC | CNN Business
London CNN — Credit Suisse can’t catch a break. In the latest piece of troubling news, the beleaguered Swiss bank...
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....
Biden Administration to Cut Mortgage Insurance Costs for Lower-Income Buyers
PoliticsFederal Housing Administration will reduce the annual fee borrowers pay for its insurance by about $800 Source link
China’s property crash is prompting banks to offer mortgages to 70-year-olds | CNN Business
Hong Kong CNN — The property market in China is so depressed that some banks are resorting to drastic measures,...
Top Chinese investment banker Bao Fan is latest CEO to go missing | CNN Business
Hong Kong CNN — One of China’s top investment bankers has become unreachable, according to his company. China Renaissance, an...
