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Banking, Economy

“The $27 Trillion Treasury Market Is Only Getting Bigger”

“The world’s largest, most-important financial market is growing by leaps and bounds. On Wall Street, that is making people nervous. Annual issuance of U.S. Treasurys has exploded, nearly doubling since the pandemic began. The government sold a record $23 trillion worth in… Continue Reading…

Banking, Economy

“Russia hikes key rate to 15% in bigger-than-expected rise”

“Russia’s central bank raised its key interest rate by a higher than expected 200 basis points to 15% on Friday, hiking borrowing costs for the fourth meeting running in response to a weak rouble and stubborn inflation pressure. The central… Continue Reading…

Banking

“JPMorgan Grows Even Bigger as US Bank Giants Soak Up Assets”

“…More than 70% of aggregate asset growth in major US banks was concentrated in the 10 largest lenders, which saw a combined $630 billion increase in the first quarter — when also including assets tied to more-recent mergers and acquisitions,… Continue Reading…