Get all your news in one place.

100’s of premium titles.
One app.

Start reading

Get all your news in one place.

100’s of premium titles. One news app.

Start reading

The Latest Breaking News on Financial Services

Why everybody's talking about deposit insurance

Regulators are setting a precedent with potentially long-lasting consequences and thin legal authority.

Axios

Banks on the run? Inside the 24 March Guardian Weekly

The ghosts of 2008 return. Plus: 20 years after the Iraq invasion

The Guardian - UK

Saudi Deposit Boosts Foreign Reserves of Türkiye's Central Bank

The Turkish Central Bank's net international reserves rose by $6 billion last week to $25 billion after a $5 billion deposit from Saudi Arabia entered its accounts. The central Bank's gross reserves rose $6.5 billion to $126.5 billion in the same period, Reuters quoted three bankers as saying. The Bank…

Asharq Al-Awsat

From analysis to the latest developments in health,
read the most diverse news in one place.

US Fed mulls more rate hikes amid banking uncertainty

Washington (AFP) - American banks will be paying especially close attention to the Federal Reserve's interest-rate decision on Wednesday, as the collapse of Silicon Valley Bank (SVB) continues to reverberate through financial markets.

AFP

Asian currencies subdued as investors await Fed decision

SYDNEY: Most Asian currencies were tepid on Wednesday, with the Philippine peso falling most, as investors await the conclusion of the Federal Reserve's (Fed) policy meeting for clarity on the future United States rate path.

Bangkok Post

Asia tracks Wall St rally as Fed decision replaces bank worries

Hong Kong (AFP) - Asia extended a global equities rally Wednesday as more pledges of government support soothed worries over the banking sector and provided some much-needed stability after more than a week of upheaval.

AFP

Australia's growth prospects still looking downcast

Leading indicators for Australia's future growth are still signalling depressed activity in coming months as interest rate rises bite.

AAP

Read news from The Economist, FT, and more,
with one subscription

First Republic: Finding a Buyer Could Mean a Breakup of Assets

The sale of First Republic's assets could take awhile despite being rescued by 11 banks with $30 billion in deposits last week.

The Street

The ASX rises almost 1 per cent as GFC fears subside and market anticipates tonight's US Fed decision — as it happened

The share market added almost 1 per cent today after foreign stockmarkets soared, following the US and UK governments seeking to reassure markets of the stability of the global financial system. The US Federal Reserve will give its view of the economy overnight on Wednesday, when it meets to consider…

ABC News

SVB’s loans to insiders tripled to $219 million before it failed

As Silicon Valley Bank deteriorated late last year and regulators began internally flagging flaws in its risk management, the lender opened up the credit spigot to one group: insiders.

Tribune News Service

KBank benefits from challenger bank initiative

Kasikornbank (KBank) reports surging usage of its digital platforms six months after launching its "challenger bank" programme to enable more people to engage with its services and products, simplifying banking through the use of advanced technology.

Bangkok Post

Older Americans protest against ‘dirty banks’ funding oil and gas projects

Protesters cut up credit cards and march to Washington branches of JPMorgan Chase, Citibank, Bank of America and Wells Fargo

The Guardian - US

Stock Market Today: Markets Up Again as Bank, Energy Stocks Outperform

The major indexes closed higher for a second straight day ahead of tomorrow's highly anticipated Fed decision.

Kiplinger

3 Stocks to Buy for Under $10 in March

Although a strong job report and elevated inflation strengthen the case for another rate hike, the recent turmoil in the financial markets will likely keep the Fed wary. Amid this backdrop, investors looking to buy quality stocks could consider investing in United Microelectronics (UMC), Arcos Dorados (ARCO), and Berry Corp.…

StockNews.com

Get all your
news in one place.

100’s of premium titles.
One news app.

WEKU

Janet Yellen says the U.S. is ready to protect depositors at small banks if required

The Treasury Secretary said the administration is committed to protecting the U.S. banking system and customers who trust their money to it.

AFP

Yellen says banking stabilizing, US may intervene more if needed

Washington (AFP) - The US banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen told a lenders' conference Tuesday, as leaders seek to calm global worries.

Al Jazeera

US bank failures ‘very different’ from 2008 crisis, Yellen says

US treasury secretary hails government intervention to guarantee depositors’ money and says banking system is ‘sound’.

StockNews.com

1 Bank Stock Investors Should Avoid at All Costs

The recent bank failures have triggered a sell-off in banking stocks due to fears that other banks could also face insolvency issues. Amid the banking crisis, regional banks are expected to tighten lending. Therefore, avoiding fundamentally weak First Interstate BancSystem (FIBK) could be wise. Read more….

Get all your
news in one place.

100’s of premium titles.
One news app.

StockNews.com

2 ETFs to Help Hedge Against a Potential Recession

The financial system collapse has raised the probability of a recession in the upcoming months. Amid such a volatile backdrop, quality ETFs iShares Core S&P Mid-Cap ETF (IJH) and Vanguard High Dividend Yield ETF (VYM) might be wise portfolio additions that could help hedge against market downturns. Read on….

AFP

Stocks extend rally as bank panic eases

New York (AFP) - Stock markets extended gains on Tuesday, with bank shares rallying as fears of a financial crisis eased after authorities moved to shore up the sector.

AFP

US banking sector 'stabilizing' after turmoil: Yellen

Evening Standard

Fears of rate rise shakedown in global markets shift to US Federal Reserve as two-day meeting starts

Just Eat Takeaway is to lay off as many as 1,700 delivery drivers as the food delivery business wrestles with a slowdown in demand.

Investors Business Daily

Bank Stocks: Bank Rally Gains As Yellen Says 'Banking System Is Sound'

First Republic Bank led financials higher early Tuesday as regulators work to soothe fears of a bank crisis. UBS, regional bank stocks rise.

Tribune News Service

US studies ways to insure all bank deposits if crisis grows

U.S. officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis.

The Street

Yellen Hints at Expanded Deposit Support; First Republic Soars, Bank Stocks Surge

Treasury secretary says 'similar actions' to the deposit guarantees for Silicon Valley Bank and Signature Bank 'could be warranted if similar institutions suffer deposit runs that pose the risk of contagion.'

1 … 78 79 80 81

People

Dipanjan BanchurSince

Sristi Suman JayaswalThe

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

International Monetary Fund

Read news from The Economist, FT, and more,
with one subscription

Topics

Government Intervention

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.