Yellen says U.S. would take ‘additional actions’ to stabilize bank system if necessary
Treasury Secretary Janet Yellen on Thursday told lawmakers that the federal government would take extra steps to stabilize the U.S. banking system if necessary. “We...
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...
Government bonds held at banks may be so-called ‘toxic asset’ of next financial crisis, fund manager says
Contagion fears triggered by the speedy collapse of two regional banks in less than a week is raising the risk of a crisis in confidence...
10 banks that may face trouble in the wake of the SVB Financial Group debacle
(Updated with news of Silicon Valley Bank’s failure.) As interest rates have risen, many banks have become more profitable because the spreads between what they...
SVB Financial stock slides 66% premarket as fears of a potential run on the bank continue
SVB Financial Group SIVB, -60.41%, the parent of Silicon Valley Bank, saw its stock tumble more than 66% in premarket trade Friday, in a continued...
Gold ends flat, holding above $1,850 after snapping 4-week losing streak
Gold futures ended unchanged on Monday, holding above the $1,850 an ounce mark after snapping a run of four straight weekly declines. Investors awaited testimony...
‘The U.S. housing market is crumbling under the weight of higher mortgage rates and rock-bottom affordability’: Prices fell the most in these U.S. states
Americans are finding it hard to afford homes at mortgage levels now beyond 7%, according to some measures. Home prices have begun to reflect that....
Secret to 2023 stock rally? Central banks have provided $1 trillion liquidity boost.
Gains for global equities have left many on Wall Street perplexed as stocks — especially high-risk growth names with little or no profits — have...
Gold futures mark first gain in 6 sessions
Gold futures finished higher on Monday, with prices bouncing back after posting declines for five consecutive sessions. “We have seen quite a shift in market...
Risk of ‘wrathful Old Testament–style’ reaction from central banks is rising, JPMorgan says
The “gentle and forgiving path” taken by developed-market central banks to rein in inflation over the past year is likely to prove unsuccessful and trigger...