US Bank Giants Cut Direct Exposure to Credit Suisse for Months
(Bloomberg) — The biggest US banks have been whittling down their direct exposure to Credit Suisse Group AG for months as the Swiss lender stumbled...
Wild Swings Rock US Bond Market After Bank Meltdowns, Crisis at Credit Suisse
(Bloomberg) — Pockets of the world’s deepest bond market are starting to buckle under soaring trading volumes and wild swings as bank meltdowns compel traders...
Fed’s Bank Tests Overlooked Risk of Rapid Rise in Interest Rates
(Bloomberg) — The Federal Reserve’s cornerstone method for determining whether US banks can survive an economic crisis has for years had a glaring oversight: Regulators...
First Republic loses a third of its value amid reports it’s considering a sale
First Republic Bank’s stock rose Thursday after steep losses earlier in the day, following reports that the nation’s largest banks are in talks to provide...
US Treasury Reviewing US Banks’ Exposure to Credit Suisse
(Bloomberg) — The Treasury Department is actively reviewing the US financial sector’s exposure to Credit Suisse Group AG after the bank’s stock saw its biggest...
Germany’s Scholz Calls for EU to Complete Banking Integration
(Bloomberg) — German Chancellor Olaf Scholz said the European Union needs to tighten integration of its banking and finance sectors to bolster a transition to...
Americans are wary of bailouts as banking concerns mount -Reuters/Ipsos poll
WASHINGTON, March 15 (Reuters) – A bipartisan majority of Americans oppose U.S. taxpayers footing the bill when bad management causes a bank to fail, though...
Tech Logs Best Week in 2023 as Bank Stocks Tremble: Markets Wrap
(Bloomberg) — Technology stocks were the beneficiary of a tumultuous week for global markets as concern mounted that the turmoil rocking the banking sector will...
Global turmoil makes Australian banks’ refinancing mountain a harder climb
SYDNEY, March 17 (Reuters) – An A$300 billion ($201.21 billion) refinancing task for Australia’s biggest banks is about to get harder, say analysts, as appetite...
10 charts that explain the current banking crisis
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET....