US may default on June 1 without debt ceiling hike; Biden, McCarthy to meet
WASHINGTON, May 1 (Reuters) – U.S. President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the...
Debt ceiling jitters lift US credit default swaps to highest since 2011
LONDON, April 20 (Reuters) – Market jitters over the U.S. debt ceiling lifted the cost of insuring exposure to its debt to the highest level...
Explainer: Looming US debt ceiling fight is starting to worry investors
NEW YORK, April 20 (Reuters) – A debt ceiling fight is looming in the U.S. yet again, giving investors another worry for markets this year....
Factbox: How big U.S. banks are managing bad loan reserves
April 17 (Reuters) – U.S. banking heavyweights set aside billions of dollars in the first quarter to account for potential bad loans, as rising interest...
Investors put $538 billion into cash funds over eight weeks, Bank of America says
LONDON, April 14 (Reuters) – Investors have moved $538 billion into cash funds over the past eight weeks as they pulled money out of bank...
IMF says public debt is growing faster than pre-COVID projections
Public debt to return to nearly 100% in 2028 Growth in debt dominated by U.S., China 39 low-income countries in or near debt distress WASHINGTON,...
Wall St ends lower, Treasury yields slide as data fuels recession jitters
NEW YORK, April 5 (Reuters) – U.S. stocks lost ground on Wednesday and Treasury yields extended their decline as a batch of data fueled worries...
Factbox: The developing countries facing a debt crisis
LONDON, April 5 (Reuters) – The record number of developing nations at risk of a debt crisis will be high on the agenda next week...
Yellen says not willing to allow contagious bank runs to develop
NEW HAVEN, Conn., April 3 (Reuters) – U.S. Treasury Secretary Janet Yellen on Monday said deposit outflows from small and medium-sized banks were diminishing, but...
Global derivatives industry defends CDS after banking blow-ups
LONDON, March 30 (Reuters) – The derivatives industry body, the International Association of Swaps and Derivatives Association (ISDA), has backed Credit Default Swaps amid concerns...