The collapse of Silicon Valley Bank (SVB) and the wider crisis that ensued has once again made clear that banking is a confidence game. Once that confidence is rattled and customers lose faith in a bank or the entire […]
Global banking has been in turmoil over the last two weeks following a series of stunning bank collapses in Europe and the United States. Despite a series of rescue packages for troubled lenders and the […]
Dow Jones futures were little changed ahead of Tuesday’s open, as JPMorgan Chase (JPM) and other big banks made new efforts to stabilize troubled First Republic Bank (FRC). FRC stock crashed 47% Monday, hitting a […]
Oil prices sank, with West Texas Intermediate plunging below $65 a barrel, as escalating investor concerns about a global banking crisis eroded appetite for risk assets including commodities. Global benchmark Brent also dropped below $71 […]
By Peter Tchir of Academy Securities If the morning headlines are any indication, it is going to take a lot of coffee to make it through a long day at the end of a long […]
By Eric Peters, CIO of One River Asset Management “What is our total exposure?” I had asked our COO as the Silicon Valley Bank run was intensifying, two Thursdays ago. All our client money is […]
By Andrew Ross Sorkin, Michael J. de la Merced and Maureen Farrell Andrew Ross Sorkin, Michael de la Merced and Maureen Farrell cover global finance from New York and London. UBS has agreed to buy Credit Suisse, its beleaguered […]
Authored by David Stockman via InternationalMan.com, Why would you throw-in the towel now? We are referring to the Fed’s belated battle against inflation, which evidences few signs of having been successful. Yet that’s what the […]
NewsBusiness and Economy Multinational investment bank UBS has reportedly asked the Swiss government to cover about $6bn in costs if it was to buy rival Credit Suisse. Authorities are scrambling to resolve a crisis of […]
The largest banks in the United States have moved to shore up First Republic Bank in an effort to ease fears that the regional lender could be the next domino to fall after the second-largest […]
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