Finding a buyer for Silicon Valley Bank’s deposits and loans has helped afford an uneasy calm to fragile markets on Monday, which have been roiled by worries of a credit crunch and systemic bank stress. […]
EconomyBanks Australia and New Zealand Banking Group’s chief says the latest turmoil in the global banking system has the potential to trigger a financial crisis, though it is too early to predict if it could […]
Authored by David Goldman via AsiaTimes.com, Bank crisis not a credit quality problem but stems instead from now-impossible task of financing America’s ever-expanding foreign debt… The US banking system is broken. That doesn’t portend more […]
Prior to Silicon Valley Bank’s collapse, US funding markets were already facing difficulties, with startup CEOs concentrating on cutting expenses and protecting their dwindling cash reserves. The downturn in IPOs directly resulted from Fed Chair […]
One day after a lengthy meeting on the growing bank crisis by the Financial Stability Oversight Council (chaired by Janet Yellen who five years ago vowed there would be “no financial crises in her lifetime“) […]
From: Counting the Cost Inflation in the United States hit a 40-year high over the past 12 months and the Federal Reserve raised interest rates eight times to rein in price increases. But the policy […]
TotalEnergies admits quietly natural gas is needed – Putin and Xi ink deals – New Yorkers get sticker shock on energy bills due to renewable energy Daily Standup Top Stories Bank Turmoil Could Undermine The […]
Having raised rates by 25bps (as expected) and offered a dovish bias to the statement with regard future rate-hikes, Fed Chair Powell now has the unenviable task of threading the needle between too-dovish (what does […]
Tl;dr: Fed hiked 25bps and maintains QT (as expected), and left the terminal rate (via the DotPlot) unchanged. However, it shifted a slightly more dovish guidance on future policy hikes and an admission that the […]
Authored by Yves Smith via NakedCapitalism.com, The incompetence of our financial regulators, most of all the Fed, is breathtaking. The great unwashed public and even wrongly-positioned members of the capitalist classes are suffering the consequences […]
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