Stock markets face a ‘perfect storm’ as high rates and China fears bite, analysts warn
Traders work on the floor of the New York Stock Exchange on August 16, 2023 in New York City. Michael M. Santiago | Getty Images...
Fitch warns it may be forced to downgrade dozens of banks
A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades...
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...
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...
PacWest falls more than 20% as regional bank stocks slide to new lows
A Pacific Western Bank branch in Los Angeles, California, US, on Friday, March 10, 2023. Eric Thayer | Bloomberg | Getty Images Regional bank stocks...
73% of millennials are living paycheck to paycheck, new report finds
Some good news: Overall, fewer Americans are living paycheck to paycheck. As of March, the share of adults feeling stretched too thin fell to 60%...
Bank of America makes bull call on gold; it’s time to own bullion ETFs
The stage is set for gold to shine as bullion makes an ideal hedge for stubborn inflation, according to Bank of America. “That rare thing,...
ECB policymakers are rethinking rate hikes after banking turmoil
A sign for the European Central Bank (ECB) outside the bank’s headquarters in Frankfurt, Germany, on Thursday, Feb. 2, 2023. Alex Kraus | Bloomberg |...
58% of Americans are living paycheck to paycheck, CNBC survey reveals
Between higher costs and a possible recession on the horizon, families feel increasingly strained financially. More than half, or 58%, of all Americans are...
This is not another banking crisis, analysts say — it’s ‘sentiment contagion’ instead
A slogan is written on the sidewalk in front of the global headquarters of Swiss bank Credit Suisse the day after its shares dropped approximately...