Tag: INT
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Central banks continue to raise interest rates amid banking turmoil
March 23 (Reuters) – The Bank of England followed the Federal Reserve and Swiss National Bank in raising interest rates on Thursday as policymakers continued their battle against inflation in the face of the instability that rippled through the global banking system this month . Investors had wondered whether central banks could continue tightening policies […]
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US mortgage rates fall the most in 4 months in the wake of the SVB, says MBA
22 March (Reuters) – Last week’s turmoil in the banking sector had at least one silver lining for US homebuyers: lower mortgage rates. Interest rates on America’s most popular home loan fell the most in four months last week following the bankruptcy of Silicon Valley Bank and emergency measures taken to support the broader banking […]
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US authorities focused on stability, First Republic as Fed meets
March 22 (Reuters) – US authorities will consider moves on Wednesday to further strengthen financial stability, along with scenarios to address the problems regional lender First Republic Bank continues to face. While the recent market turmoil has eased, the Federal Reserve meeting is now at the center of attention, with traders arguing over whether the […]
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Cryptoverse: Bitcoin passes bank stress test
21 March (Reuters) – As the crisis haunts the traditional world of stocks and bonds, bitcoin suddenly looks like a safe haven. The notoriously volatile cryptocurrency seems positively healthy and savory, just as a banking collapse drives markets into the arms of a recession. Bitcoin is up 21% this month, while a choppy S&P 500 […]
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Hardline US Republicans Oppose Bank Deposit Guarantees Above $250,000 Limit
WASHINGTON, March 20 (Reuters) – Hardline Republicans in the House of Representatives vowed Monday to oppose any universal federal guarantee on bank deposits above the current limit of $250,000. while financial confidence wavers. The Republican House Freedom Caucus said in a statement that the Federal Reserve should wind down its extraordinary funding facility created March […]
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The quest for safety is easing as markets process Credit Suisse’s bailout
Credit Suisse plunges more than 60% after an emergency takeover over the weekend European Banks Backtrack Some Ground After Initial 5% Drop Treasury bonds and gold rise as investors seek safety Wall Street opens flat, First Republic Bank collapses LONDON, March 20 (Reuters) – European banking stocks fought back from an early slump on Monday […]
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Equity futures rise higher on Credit Suisse buyout
SINGAPORE, March 20 (Reuters) – US stock futures rose in Asian trading on Monday in relief following a weekend bailout for Credit Suisse, though the mood was jittery and financial stocks remained weighed down by contagion fears, even with support from global central banks. S&P 500 futures rose 0.5% in bumpy early trading. Japanese Nikkei […]
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Wall St Week Ahead: Declining Bond Yields Bolster Equities Allure Ahead of Fed Meeting
NEW YORK, March 17 (Reuters) – US equities have gained an unexpected ally in recent days: a historic fall in bond yields. U.S. Treasury yields fell sharply this week, with some maturities marking the biggest declines in decades, as investors bet the Federal Reserve is likely to curb its aggressive rate hike to prevent the […]
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Wall Street slides on fears of contagion from banking crisis
First Republic Bank tumbles over dividend suspension SVB Financieel seeks bankruptcy protection FedEx jumps on full-year profit forecast Indexes down: Dow 1.31%, S&P 1.17%, Nasdaq 0.80% NEW YORK, March 17 (Reuters) – Wall Street fell on Friday at the end of a tumultuous week marked by the unfolding banking sector crisis and the gathering storm […]
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ECB watchdog sees no contagion of Europe after US and Swiss bank rescues
March 17 (Reuters) – European Central Bank regulators see no contagion for eurozone banks from the recent turmoil, a source said Friday, after US lenders First Republic Bank (FRC.N) tossed a $30bn lifeline and record amounts from the Federal Reserve. To book. Major US banks stepped in on Thursday to bail out the San Francisco-based […]