By Selena Li (Reuters) – Credit Suisse Group AG told staff on Thursday that the emergency backstop from the Swiss central bank does not trigger a “viability event,” according to docu[...]
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March 16, 2023
U.S. labor market remains tight; housing market stabilizing
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to continued labor market strength, thoug[...]
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After SVB collapse, rating agencies back banks to cope with rate pressures
By Lawrence White and Marc Jones LONDON (Reuters) – Banks should largely be able to cope with “unrealised losses” on bonds and the collapse of Silicon Valley Bank, top credit ratings[...]
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Republican senator to Yellen in hearing: ‘That’s a lie’
WASHINGTON (Reuters) – A Republican senator accused Treasury Secretary Janet Yellen on Thursday of lying about whether President Joe Biden was willing to meet with Republicans to discuss Social[...]
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U.S. bank deposits have started moving to money market funds – Goldman Sachs
(Refiles to add “U.S. bank” in the headline) (Reuters) -Goldman Sachs said deposits have started to move out of U.S. banks and towards money markets funds, as investors seek the safety in[...]
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ECB cuts through bank turmoil to keep rate hike pledge
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank raised interest rates as promised by 50 basis points on Thursday, sticking with its fight against inflation[...]
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ECB goes big on rates but bank turmoil clouds outlook for central banks
LONDON (Reuters) – The European Central Bank on Thursday stuck with plans for a big interest rate increase, keeping up the pace of its monetary tightening to contain inflation even as markets wo[...]
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Cutting tariffs on agenda for LatAm anti-inflation plan, Mexico says
MEXICO CITY (Reuters) – Cutting trade tariffs will be under discussion when roughly a dozen leaders from Latin America and the Caribbean meet virtually next month to forge a plan to combat infla[...]
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S&P Global says banks’ unrealized losses manageable at this stage
LONDON (Reuters) – Rating agency S&P Global said on Thursday that the banks around the world that it provides credit scores for should be able handle “unrealized losses” from glo[...]
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