March 28, 2023
“Odds of the US economy backsliding into a recession are higher now than a month ago after steady interest-rate hikes by the Federal Reserve and growing risks of tighter credit conditions in the wake of several bank failures… The probability… Continue Reading…
March 27, 2023
“Deutsche Bank AG shares rebounded and the cost of insuring its debt against default eased on Monday after sell-side analysts sought to reassure that the German lender’s financial health was sound… Shares of Germany’s largest bank were 5.4% higher as… Continue Reading…
March 27, 2023
“First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in the biggest US bank failure in more than a decade… The deal to settle SVB’s fate could help tamp down… Continue Reading…
March 15, 2023
“SVB imploded late last week after depositors tried to withdraw $42 billion from the institution, with the Federal Deposit Insurance Corporation (FDIC) taking over the bank over the weekend. Meanwhile, the New York Department of Financial Services took possession of Signature Bank on… Continue Reading…
March 14, 2023
“…There were some concerns that the taxpayer could now be on the hook for covering losses suffered by banks and that questionable management and investments were now being protected by the government. Banks, for example, now can limit accepting losses… Continue Reading…
March 14, 2023
“On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits, a board member told CNBC. That run on deposits quickly led to the third-largest bank failure in U.S. history. Regulators announced late Sunday that Signature was being… Continue Reading…
March 14, 2023
“…Regional banks were among the hardest hit as the KBW Regional Banking Index sank 7.7%, its sharpest plunge since June 2020. The rapid selloff came even as the Treasury Department, Federal Reserve and Federal Deposit Insurance Corp. said they were… Continue Reading…
March 13, 2023
“New York state regulators on Sunday shut down Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. “We are also announcing a similar systemic risk exception for Signature Bank, New York, New… Continue Reading…
February 2, 2023
“The debt limit standoff between Republicans and Democrats has elevated questions about creative solutions for averting a crisis, including one that at first blush might seem unthinkable: Could minting a $1 trillion platinum coin make the whole problem go away? What was… Continue Reading…
January 20, 2023
“…A report from ATTOM reveals that new mortgage originations were down 47% in the third quarter of 2022 compared to the year before. That’s a 19% decrease from the previous quarter and represents the biggest annual drop in 21 years.… Continue Reading…
Recent Comments