Bond Selloff Adds to the Pressure on Regional Banks: WSJ
Rising yields on debt threaten higher borrowing costs for lenders. Meanwhile, shares of regional banks were down, as PacWest said it lost 9.5% of total...
Gold advances on fresh banking jitters as Fed verdict looms
Bars of gold are seen at the Krastsvetmet company, one of the world’s largest producers of precious metals in Moscow, Russia on January 31, 2023. ...
Bill Ackman says U.S. economy risks a ‘train wreck’
Hedge fund billionaire Bill Ackman says the U.S. economy risks heading for a “train wreck,” following Wednesday’s interest rate hike and comments from U.S. Secretary...
Fed rate hike decision March 2023:
WASHINGTON — The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that...
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...
First Republic drops, bank stocks decline
Financial stocks under pressure The declines came despite Sunday’s news that the Federal Reserve created a new Bank Term Funding Program that will offer loans...
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...