Tag: bank

Relief over Credit Suisse rescue short-lived as bank shares sink

Relief over Credit Suisse rescue short-lived as bank shares sink

By Merry
Readers talk about the SBA, Trump's arrest and bank failures

Readers talk about the SBA, Trump’s arrest and bank failures

By Jacky
New York Community Bank to buy failed Signature Bank

New York Community Bank to buy failed Signature Bank

By Merry
US sees bank deposits stabilise even as some regional banks reel

US sees bank deposits stabilise even as some regional banks reel

By Merry
UBS Chairman Colm Kelleher attends a news conference in Bern, Switzerland, Sunday, March 19, 2023. Banking giant UBS is acquiring smaller rival Credit Suisse in an effort to avoid further turmoil in the world banking market, announced Swiss President Alain Berset. on Sunday.

UBS bails out rival bank Credit Suisse with a $3 billion emergency buyout

By Jacky
Representative Barbara Lee speaks at the United States Capitol.

The demise of Silicon Valley Bank enlivens the early days of the 2024 US Senate race in California

By Jacky
Efforts to stabilize the global banking system intensified today as the future of crisis-hit Credit Suisse hung in the balance.

Credit Suisse’s future hangs in the balance as efforts to rescue the stricken bank intensify

By Jacky
Despite the huge injection of private capital, the markets still seemed worried that the First Republic could be swept up in a deepening banking crisis.

First Republic shares plunge as $30bn bailout package fails to assuage concerns about troubled bank

By Jacky
The Struggling First Republic Bank received $30 billion in deposits from a consortium of major US banks as part of a bailout package for the regional lender.

Why did First Republic need a $30BN intervention? The bank was infected after the collapse of SVB

By Jacky
Westpac now expects the Reserve Bank of Australia to halt a planned rate hike in April as it worries about turmoil in financial markets. Chief economist Bill Evans has updated his forecast for the RBA cash rate to peak at 3.85% in May, instead of the previously forecast 4.1%.

Westpac predicts that the Reserve Bank will NOT raise interest rates for the 11th consecutive time next month

By Jacky
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