WASHINGTON, March 20 (Reuters) – Hard-line Republicans in the House of Representatives vowed on Monday to oppose any universal federal guarantee on bank deposits above the current limit of $250,000, throwing a major hurdle to a key tool regulators could deploy if banks rush again. as financial confidence falters. The Republican House Freedom Caucus said … Read more
First Republic Bank tumbles by suspending its dividend SVB Financial files for bankruptcy protection FedEx jumps on boost to full-year earnings forecast Indices down: Dow 1.31%, S&P 1.17%, Nasdaq 0.80% NEW YORK, March 17 (Reuters) – Wall Street fell on Friday at the end of a tumultuous week marked by the unfolding crisis in the … Read more
Weekly jobless claims fall by 20,000 to 192,000 Continuing claims decrease by 29,000 to 1.684 million Single-family housing starts increase by 1.1% in February Import prices fall by 0.1%; down 1.1% year-on-year WASHINGTON, March 16 (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, indicating continued … Read more
Stocks rise as Switzerland provides lifeline to Credit Suisse Bond yields rise, ECB expected to hike rates up to 50bps Oil rises from a 15-month low Graphic: world exchange rates LONDON, March 16 (Reuters) – European markets rebounded on Thursday as a 50 billion Swiss franc ($53.94 billion) lifeline for embattled lender Credit Suisse prepared … Read more
February Retail Sales, Lower Producer Inflation Credit Suisse US shares hit all-time low Shares of regional banks fall NEW YORK, March 15 (Reuters) – U.S. stocks pared losses on Wednesday evening but the Dow Jones and S&P 500 still closed lower as Credit Suisse problems rekindled fears of a banking crisis, eclipsing bets on a … Read more
February CPI in line with expectations Regional banks rebound Meta rises on more layoff plans Indices up: Dow 1.06%, S&P 1.68%, Nasdaq 2.14% NEW YORK, March 14 (Reuters) – U.S. stocks rebounded on Tuesday as inflation data broadly in line with target and easing contagion fears in the banking sector dampened expectations for the magnitude … Read more
SINGAPORE, March 13 (Reuters) – The U.S. dollar fell sharply on Monday as authorities moved to limit the fallout from the sudden collapse of Silicon Valley Bank (SIVB.O), with investors hoping the Federal Reserve will adopt a less aggressive monetary path. . The US government announced several measures early Monday during Asian times and said … Read more
https://tmsnrt.rs/2zpUAr4 US authorities act to stabilize banks Markets speculate on less aggressive Fed hikes Short-term Treasury yields fall, Fed futures jump SYDNEY, March 13 (Reuters) – U.S. stock futures rallied in Asian trade on Monday as authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB), while investors were betting … Read more
California regulator closes SVB and appoints FDIC receiver SVB focused on loans to start-ups; branches will reopen on Monday FDIC to sell bank assets; ‘chaos’ reported amid withdrawals Bank stocks fall in the United States and Europe, but far from the lows Crisis exposes bank ‘vulnerabilities’ amid rising rates March 10 (Reuters) – Startup-focused lender … Read more
SINGAPORE, March 10 (Reuters) – Falling bank stocks sent Asian markets tumbling on Friday as bonds rallied and expectations of a U.S. interest rate hike were reduced after a surprise fundraise from a Silicon Valley start-up lender sparked fears of wider strains on the banking system. The yen weakened and Japanese government bond yields plunged … Read more
