Nuclear energy is increasingly being discussed as a key component in global efforts to improve energy security. At the “Roadmaps to New Nuclear” conference in Paris, nuclear industry associations from various countries, including the US, […]
By Wolf Richter for WOLF STREET. In Q1 2024, “unrealized losses” on securities held by commercial banks increased by $39 billion (or by 8.1%) from Q4, to a cumulative loss of $517 billion. These unrealized losses amount to […]
(Bloomberg) — A group of US regional banks is ratcheting up lending to oil, gas and coal clients, grabbing market share as bigger European rivals back away. The list of banks includes Citizens Financial Group […]
Just when you thought the banking crisis was over — you’d better brace for an onslaught of big drops in bank profit. Hopefully you aren’t caught flat-footed. Analysts are predicting massive 30% or greater declines […]
Authored by Joakim Book via Reason.com, The Federal Reserve is in the unenviable position of achieving its mandate by crashing the economy. It’s not something it wants to do, as Fed Chair Jerome Powell meekly […]
High levels of uninsured deposits helped do in Silicon Valley Bank and Signature Bank. But it turns out they’re not alone. Ten banks owned by U.S.-listed financial companies — including Bank of New York Mellon […]
The banks financing Elon Musk’s acquisition of Twitter to the tune of $13 billion have abandoned plans to sell the debt to investors due to uncertainty around the social media giant’s future, as well as […]
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