Ex-First Republic CEO says regulators did not express concerns, blames contagion for bank’s collapse By Reuters
[ad_1] © Reuters. FILE PHOTO: A First Republic Bank branch is seen in New York City, U.S., April 28, 2023. REUTERS/Shannon Stapleton/File Photo (Reuters) –...
XAU/USD longs to grow robustly once economic data turns negative – TDS
Share:
Money managers stayed relatively flat on Gold positioning. Economists at TD Securities expect long positions to grow once data turns convincingly negative....
Tether boasts of its financial stability after strong profits, money moved out of banks By Cointelegraph
[ad_1] Stablecoin operator Holdings pulled over $4.5 billion out of banks in the first quarter of 2023, causing a “substantial reduction” in counterparty risk, the...
‘It’s going to get worse for banks’ — JPMorgan CEO on overregulation By Cointelegraph
[ad_1] The CEO of JPMorgan Chase (NYSE:) — which recently took over failed First Republic Bank (OTC:) — believes there could be more pain ahead...
Dollar unable to recover more at the moment due to uncertainty surrounding the debt issue – Commerzbank
Share:
On the inflation front, progress is slow. Antje Praefcke, FX Analyst at Commerzbank, believes that the debt ceiling issue is dampening the...
PacWest shares tumble 20% after regional bank says deposits fell 9.5% last week
A Pacific Western Bank branch in Los Angeles, California, US, on Friday, March 10, 2023. Eric Thayer | Bloomberg | Getty Images Shares of PacWest...
XAU/USD to eventually move to new record highs post current ranging phase – Credit Suisse
Share:
Gold broke to new highs last week, before reversing sharply lower on Friday. Economists at Credit Suisse stay biased towards an eventual...
America is drunk on credit–and polarized politics complicate the Fed’s unenviable challenge of ending easy money
I would not want to be in the seat of Federal Reserve chair Jerome Powell. Whether the Fed continues to hike interest rates or not,...
XAU/USD to remain above $2,000 – Commerzbank
Share:
Gold price is holding its own at $2,020-2,030 of the US inflation data. Economists at Commerzbank expect the yellow metal to remain...
Americans growing worried about the safety of their bank deposits
Recent events may be chipping away at confidence in the U.S. financial system, according to the findings of a Gallup survey. Nearly half of the...