WASHINGTON, March 30 (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday banking regulations and supervisory rules needed to be reviewed following the failures of Silicon Valley Bank (SIVB.O) and the Signature Bank (SBNY.O). to ensure that the current risks of the banking system are taken into account. In remarks prepared for delivery to … Read more
Weekly jobless claims rise last week Faraday Future is ready to start production of luxury electric vehicles Roku wins on plans to cut 200 jobs Futures up: Dow 0.59%, S&P 0.61%, Nasdaq 0.68% March 30 (Reuters) – U.S. stocks were expected to open higher on Thursday as fears of a banking crisis subsided, while investors’ … Read more
SINGAPORE, March 30 (Reuters) – Asian stock markets posted recent gains on Thursday as fears of a banking crisis faded and investors wondered if a breakout in Chinese conglomerate Alibaba signaled a regulatory storm in Beijing targeting tech companies may finally wear off. The MSCI Asia Pacific ex-Japan equity index (.MIAPJ0000PUS) rose 0.2%. Like the … Read more
MSCI All-World Index rises 0.3%, dollar eases UBS rehires Ermotti as head of merged unit Alibaba soars 13%, boosts other Chinese tech stocks Oil goes up, gold goes down LONDON, March 29 (Reuters) – Global stocks rose on Wednesday as investors welcomed greater stability in the banking sector, but optimism was not strong enough to … Read more
A preview of the day ahead in Wayne Cole’s European and global markets Monday so far has been quiet with mixed Asian stock markets but US and European stock futures rising, possibly because they sailed through a weekend without another bank s collapses. There is some relief that First Citizens BancShares Inc (FCNCA.O) is in … Read more
ZURICH, March 26 (Reuters) – Swiss financial regulator FINMA said it was considering disciplinary action against Credit Suisse (CSGN.S) executives after Switzerland’s second-biggest bank had to be bailed out this week last by UBS (UBSG.S). FINMA President Marlene Amstad told Swiss newspaper NZZ am Sonntag that it was “still open” whether a new procedure would … Read more
WASHINGTON, March 24 (Reuters) – The U.S. multi-regulatory Financial Stability Oversight Board agreed on Friday that the U.S. banking system remains “sound and resilient” despite strains on some institutions, the U.S. Treasury said in its latest statement. to calm nervous markets and bank depositors. In a reading from a closed-door meeting chaired by Treasury Secretary … Read more
WASHINGTON, March 23 (Reuters) – For the fourth time in a week, U.S. Treasury Secretary Janet Yellen took a microphone on Thursday in a bid to reassure Americans about the safety of the U.S. banking system, each time with a subtle change of message. But the bankers and Wall Street never heard what they longed … Read more
March 23 (Reuters) – The Bank of England on Thursday followed the Federal Reserve and the Swiss National Bank in continuing to hike interest rates, saying Britain’s banking sector was strong enough to withstand the instability that caught on in the markets this month. Relentless rate hikes to curb inflation are among the factors responsible … Read more
WASHINGTON, March 22 (Reuters) – U.S. Treasury Secretary Janet Yellen told lawmakers on Wednesday that the Federal Deposit Insurance Corporation (FDIC) was not considering providing “blanket insurance” for bank deposits following the collapse of two major US banks this month. Some banking groups have urged Congress to temporarily guarantee all U.S. bank deposits, a move … Read more
