UBS agrees ’emergency rescue’ of Credit Suisse – BBC News
Troubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal. Sunday’s announcement came after a weekend of emergency talks...
Author : Nelli Avetisyan
Central banks announce dollar liquidity measures to ease banking crisis – The Financial Times
The Federal Reserve and five other leading central banks have taken fresh measures to improve global access to dollar liquidity as financial markets reel from...
First Republic, SVB, Credit Suisse Show How Higher Interest Rates Caught Up With Banks – WSJ
For much of the early part of 2023, the economy seemed to be humming along. Inflation was hot, but continuing to ease. The labor market...
Is SVB the Canary in the Coal Mine?
Although Silicon Valley Bank itself was not systemically important to the US financial system, it could signal more widespread problems that are only just coming...
Is the global investment boom turning to bust? – The Economist
Almost wherever you look, companies seem to be scaling back their ambitions. Meta, the owner of Facebook, recently said that it would invest less in...
Low Rates Were Meant to Last. Without Them, Finance Is In for a Rough Ride – The New York Times
If a number defined the 2010s, it was 2 percent. Inflation, annual economic growth, and interest rates at their highest all hovered around that level —...
ECB Warns Some EU Banks May Be Vulnerable – Bloomberg
The EU’s banking sector may be in “overall good shape,’’ according to the Commission, but the European Central Bank is cautioning that some lenders could...
Jobless Claims Fell Last Week, Showing Still Strong Labor Market – WSJ
Applications for unemployment benefits fell last week, showing the U.S. labor market remains strong as other signs point to a cooling economy. Initial jobless claims,...
ECB raises eurozone interest rate despite banking sector fears – The Guardian
The European Central Bank has raised interest rates across the eurozone by 0.5 percentage points, despite fears that higher borrowing costs could set off a...
Wall Street banks to deposit $30bn into First Republic – The Financial Times
The largest US banks have banded together to deposit $30bn into First Republic Bank in an attempt to bolster its finances and contain the fallout...