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Deposits are growing scarcer as the system is squeezed—and America’s small and mid-sized banks could pay the price Show more
In the wake of SVB collapse, the White House is calling for new rules for regional banks
axios.com/2023/03/30/biden-us-regional-banks-svb-signature-banks
Biden Calls for Regulators to Increase Oversight of Certain Banks: The proposals, which would not require congressional approval, are a response to Silicon ...
nytimes.com/2023/03/30/us/politics/biden-banks-crisis.html
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Deposits are growing scarcer as the system is squeezed—and America’s small and mid-sized banks could pay the price Show more
In the wake of SVB collapse, the White House is calling for new rules for regional banks
axios.com/2023/03/30/biden-us-regional-banks-svb-signature-banks
Biden Calls for Regulators to Increase Oversight of Certain Banks: The proposals, which would not require congressional approval, are a response to Silicon ...
nytimes.com/2023/03/30/us/politics/biden-banks-crisis.html
OPINIONISTA: Bank crisis metastasises into the next, more damaging, phase: After the initial shock and awe of this most recent financial implosion ...
dailymaverick.co.za/opinionista/2023-03-30-bank-crisis-metastasises-into-the-next-more-damaging-phase/
The answer depends on the extent to which Silicon Valley Bank’s problems are found elsewhere
How much longer will America’s regional banks hold up?: Despite the danger, policymakers must not intervene prematurely | Finance & economics
economist.com/finance-and-economics/2023/03/23/how-much-longer-will-americas-regional-banks-hold-up
Silicon Valley Bank hearing live updates: FDIC, Treasury and Fed officials testify before Senate panel
cnbc.com/2023/03/28/silicon-valley-bank-hearing-live-updates-fdic-treasury-and-fed-officials-testify-before-senate-panel.html
Banks are borrowing more from the Fed. Here’s what to know.: Banks are turning to the Federal Reserve’s loan programs to access funding as turmoil sweeps the ...
orlandosentinel.com/news/nationworld/ct-aud-nw-nyt-fed-bank-borrowing-20230324-tpcflpiaobh27lxrpr5iu7iwui-story.html
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U.S. banks fallout will intensify margin headwinds for Aussie lenders, UBS says: Australian banks are well-positioned to deal with the pressures emanating from ...
reuters.com/business/finance/us-banks-fallout-will-intensify-margin-headwinds-aussie-lenders-ubs-says-2023-03-29/
Australian banks are as safe as our houses ... ahem: While bank customers in Europe and America are facing a white-knuckle ride in recent weeks ...
smh.com.au/business/banking-and-finance/australian-banks-are-as-safe-as-our-houses-ahem-20230327-p5cvhp.html
How safe is my money in a Norwegian bank?: The struggles of several banks have sent shockwaves throughout the markets. What protection is there for your money if ...
thelocal.no/20230327/how-safe-is-my-money-in-a-norwegian-bank
Fed raises interest rates again in wake of bank failures: The Federal Reserve raised interest rates again against the backdrop of troubles in the banking ...
pbs.org/newshour/show/fed-raises-interest-rates-again-in-wake-of-bank-failures
Budget 2023: Why Ottawa might buttress Canada's defences against banking turmoil: In this year's federal budget, bank watchers are waiting to see if Ottawa will ...
financialpost.com/fp-finance/banking/federal-budget-2023-buttress-canada-bank-turmoil-defences
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Real estate leader on NY Fed board warns on commercial real estate risks: An executive who also serves on the board overseeing the New York Federal Reserve ...
reuters.com/markets/real-estate-leader-ny-fed-board-warns-commercial-real-estate-risks-2023-03-24/
Fed hikes rates by a quarter percentage point, indicates increases are near an end
cnbc.com/2023/03/22/fed-rate-hike-decision-march-2023.html
Fed emergency lending to banks boosted overall Fed holdings in latest week: Federal Reserve emergency lending to banks, which hit record levels last week ...
reuters.com/markets/us/fed-emergency-lending-banks-boosted-overall-fed-holdings-latest-week-2023-03-23/
The Fed now faces same destination — with a more treacherous path: After an incredibly volatile couple of days, stocks ended higher last week ...
finance.yahoo.com/news/the-fed-now-faces-same-destination-with-a-more-treacherous-path-160753639.html
800 years of bank troubles: Today’s situation is ‘relatively rare,’ researchers say
marketwatch.com/story/how-do-current-bank-woes-compare-with-troubles-of-centuries-past-the-situation-is-relatively-rare-researchers-say-a2dd2ec0
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New York Fed Says Quantitative Tightening Could Stop in 2025: The US central bank could halt the unwind of its balance sheet in 2025, according to Federal ...
bloomberg.com/news/articles/2024-04-17/new-york-fed-says-quantitative-tightening-could-stop-in-2025
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BofA Strategists Say Rates Jitters Are Fueling Stock Outflows: Investors are pulling money out of equities as a strong US economy and sticky inflation fuel ...
trib.al/AUNi4Ap
Fed’s John Williams Sees No Rush o Cut Interest Rates: Federal Reserve Bank of New York President John Williams said that there’s no rush to lower interest rates ...
bloomberg.com/news/articles/2024-04-18/new-york-fed-s-williams-sees-no-urgency-to-cut-interest-rates
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Fed’s Williams Still Expects Rate Cuts to Begin This Year: Federal Reserve Bank of New York President John Williams said the central bank will likely start ...
bloomberg.com/news/articles/2024-04-15/williams-says-fed-likely-to-start-lowering-rates-this-year
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The Lowest Pay US Workers Will Accept for a New Job Soars: The lowest compensation that job searchers are willing to accept for a new position increased to the ...
bloomberg.com/news/articles/2024-04-15/the-lowest-pay-us-workers-will-accept-for-a-new-job-soars
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Share Your Experience With Moving, Mortgage Rates In The US: Surveys show Americans are reluctant to move these days. Have you decided recently on a move ...
bloomberg.com/news/articles/2024-04-18/share-your-experience-with-moving-mortgage-rates-in-the-us
“Close your eyes and sell”: Bank of America sees clear correction signal in stocks
boerse-online.de/nachrichten/aktien/augen-zu-und-verkaufen-bank-of-america-sieht-eindeutiges-korrektursignal-bei-aktien-20355405.html
Asia’s central bankers struggle to contain strong US dollar: Shifting US interest rate expectations put pressure on Japan’s yen and China’s renminbi
ft.com/content/ad6c7827-a476-412d-899f-a1a12845b6e5
Bank of America Losses on Bond Portfolio Hit $109 Billion in First Quarter as Rates Rose
barrons.com/articles/bank-of-america-bond-losses-ce69bf86
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US Bond Yields Climb on Interest-Rate Hike Mention by Fed’s Williams: The US bond market’s recovery from the year’s highest yield levels was cut short Thursday ...
bloomberg.com/news/articles/2024-04-18/bonds-stumble-on-mere-mention-of-fed-rate-hike-by-williams
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Bank of America Boycott Calls Grow After MAGA Accounts Closed: Trump lawyer John Eastman claims he was "de-banked" for helping the former president try to ...
newsweek.com/bank-america-boycott-maga-john-eastman-1892134
Fed's rate-cut foot-dragging grates on global peers at IMF meetings: Finance chiefs from economies large and small are scrambling to keep pace with the Federal ...
reuters.com/markets/rates-bonds/feds-rate-cut-foot-dragging-grates-global-peers-imf-meetings-2024-04-19/
BofA Warns Current Price Moves Are Typical of Bubbly Markets: A rare rally in both tech stocks and commodities, combined with a jump in bond yields ...
bloomberg.com/news/articles/2024-04-12/bofa-warns-current-price-moves-are-typical-of-bubbly-markets
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Stock market today: Stocks slide for the 5th straight session: The S&P 500 hit its worst losing streak since last October as investors recalibrate amid forecasts ...
markets.businessinsider.com/news/stocks/stock-market-news-fifth-loss-fed-speakers-rate-cuts-delay-2024-4
Bank of America Set to Report Earnings as High Interest Rates Cut Both Ways
barrons.com/articles/bank-of-america-earnings-preview-b4d97283
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Bank of America: Signs Of The Recession: Bank of America's stock has performed well and kept pace with broader trends since October 2023 ...
seekingalpha.com/article/4684032-bank-of-america-signs-of-the-recession
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New York Factory Activity Contracts Again While Prices Pick Up: New York state factory activity contracted in April for a fifth straight month ...
bloomberg.com/news/articles/2024-04-15/new-york-factory-activity-contracts-again-while-prices-pick-up
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Bank Of America Rebound Hinges On Post-Earnings Action: Bank of America could be a buy or a sell on post-earnings action. Morgan Stanley reports first EPS gain ...
investors.com/news/bank-of-america-morgan-stanley-pnc-banks-earnings/
Worsening US debt outlook seen more in gold and bitcoin than in bonds: Concern about the rapidly rising U.S. government debt is partly behind recent surges in ...
reuters.com/markets/us/worsening-us-debt-outlook-seen-more-gold-bitcoin-than-bonds-2024-04-19/
BIS and Banks to Test Tokenization of Cross-Border Payments
bloomberg.com/news/articles/2024-04-03/bis-and-banks-to-test-tokenization-of-cross-border-payments
Williams Signals Fed Still Has Work to Do in Its Inflation Fight: Federal Reserve Bank of New York President John Williams said the central bank has made ...
bloomberg.com/news/articles/2024-04-11/williams-signals-fed-still-has-work-to-do-in-its-inflation-fight
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Big banks led by Citi continue to trim staff to cut costs: U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the ...
reuters.com/markets/us/big-banks-led-by-citi-continue-layoffs-amid-pressure-cut-costs-2024-04-16/
The Dow jumps 175 points as the markets look to break a losing streak: Bank of America, Morgan Stanley, and Johnson & Johnson all reported earnings before the ...
qz.com/dow-jones-stock-market-inflation-losing-streak-earnings-1851412882
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Microsoft earnings preview: Strong Azure, 365 growth as AI ramps up: Bank of America raised Microsoft's earnings estimate by 1% above its $60 ...
markets.businessinsider.com/news/stocks/microsoft-earnings-preview-stock-price-target-ai-azure-bofa-msft-2024-4
Bank Earnings Are Here Again. Keep Your Eyes on This Metric.: Bank investors will soon get updates on how the largest U.S. lenders—JPMorgan, Bank of America ...
barrons.com/articles/jpmorgan-chase-wells-fargo-citi-bank-earnings-stock-03173241
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The U.S. Economy In Peril: Part 2 - Inflation: Inflation concerns and high wages are impacting the Fed's rate cuts. US EV policy and mandates will raise prices.
seekingalpha.com/article/4683611-us-economy-in-peril-part-2-inflation
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Wall St turns higher, gold climbs, oil dips amid economic, geopolitical crosswinds
reuters.com/markets/global-markets-wrapup-1-2024-04-18/
Big Bank Earnings to Test Stocks’ Market-Trouncing Resurgence: The biggest US bank stocks have soared over the past six months, outpacing the S&P 500’s gains ...
bloomberg.com/news/articles/2024-04-11/big-bank-earnings-to-test-stocks-market-trouncing-resurgence
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Bear cub recovering after being dropped by bystander who picked it up, took photos
abcnews.go.com/US/bear-cub-recovering-after-dropped-bystander-picked-photos/story
US Inflation Expectations Stabilize, But Debt Concerns Pick Up: Consumers’ expectations of US inflation over the coming year stabilized in March ...
bloomberg.com/news/articles/2024-04-08/us-inflation-expectations-stabilize-but-debt-concerns-pick-up
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Nike Stock Looks Compelling, BofA Says. It’s Had a Rough Run.: Shares of the athletic apparel maker look relatively cheap, and Wall Street’s expectations appear ...
barrons.com/articles/nike-stock-looks-compelling-bofa-says-its-had-a-rough-run-df17e1fc
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First Fed Rate Cut Won’t Come Until December, Deutsche Bank Says: Economists at Deutsche Bank AG and Bank of America Corp. joined the growing crowd of ...
bloomberg.com/news/articles/2024-04-11/first-fed-rate-cut-won-t-come-until-december-deutsche-bank-says
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Bank of America defeats 'Erica' virtual-assistant trademark case on appeal: Bank of America has convinced a U.S. appeals court that its "Erica" virtual assistant ...
reuters.com/legal/litigation/bank-america-defeats-erica-virtual-assistant-trademark-case-appeal-2024-04-19/
Spring is in the air: World Bank and IMF kick off their joint meeting in Washington this week
ft.com/content/2e61aba2-4977-41b6-88a6-15831ee0f4d4
Fed rate cuts: Best-case scenario in tatters after hot March inflation: Not only are the number of rate cuts dwindling among bank forecasts, but Larry Summers ...
markets.businessinsider.com/news/stocks/fed-rate-cuts-outlook-inflation-rate-cpi-stock-market-economy-2024-4
Bank of America Losses on Bond Portfolio Hit $109 Billion in First Quarter as Rates Rose
on.barrons.com/43Y7GbL
Citigroup, Wall Street’s biggest loser, is at last on the up: Jane Fraser’s unexpected success
economist.com/finance-and-economics/2024/04/18/citigroup-wall-streets-biggest-loser-is-at-last-on-the-up
Reserve Bank set to update interest rate outlook as oil prices spike: Business & Investing: The price of a barrel of oil surged above US$90 a barrel for the ...
newsroom.co.nz/2024/04/08/reserve-bank-set-to-update-interest-rate-outlook-as-oil-prices-spike/
Stock market today: strong earnings fuel comeback from losing streak: Stocks trended higher on Tuesday as earnings continued to deliver better-than-expected ...
markets.businessinsider.com/news/stocks/stock-market-today-earnings-first-quarter-fed-rate-cuts-geopolitics-2024-4
NY Fed finds mixed outlook for inflation expectations in March: Americans’ outlook for inflation was mixed last month amid expectations for bigger price rises ...
reuters.com/markets/us/ny-fed-finds-mixed-outlook-inflation-expectations-march-2024-04-08/
Fed looks to slice balance sheet runoff pace by half: The Federal Reserve is preparing in short order to slow the rate at which it sheds Treasury securities from ...
reuters.com/markets/us/fed-officials-preparing-slow-pace-balance-sheet-runoff-2024-04-10/
20 bank holding companies with the largest consumer loan portfolios: The top five bank holding companies have combined total consumer loan portfolios of more ...
americanbanker.com/list/20-bank-holding-companies-with-the-largest-consumer-loan-portfolios
Strong economy can be double-edged sword for Biden if rates stay high: Higher inflation could lead the Federal Reserve to keep interest rates — and mortgage ...
washingtonpost.com/business/2024/04/13/biden-inflation-federal-reserve/
Quick Glance: Biden's New Perspective on Inflation: Trump Would Be Worse
- The White House warns that inflation would worsen if Trump is re-elected as a strategy to sway voters.
- March's inflation increase surpassed expectations, undermining Biden's claim of lowering prices.
- Rising oil prices due to geopolitical tensions could lead to higher gas prices, a concern for the White House.
- Biden emphasizes fighting inflation as top priority while experts debate the impact of his economic stimulus packages.
Stock markets today: Bond yields climb ahead of latest inflation data: The 10-year Treasury yield reached a 2024 high Monday as investors continue to adjust ...
markets.businessinsider.com/news/stocks/stock-markets-bond-yields-cpi-inflation-data-fed-rates-cuts-2024-4
American Consumers’ Perceptions of Tighter Lending Standards Remains High: Consumer perceptions of tighter lending standards remained high in March ...
bloomberg.com/news/articles/2024-04-08/us-consumer-perceptions-of-credit-access-remain-pessimistic
Savita Subramanian (BofA) Thinks US Stocks (SPX) Can Go Even Higher: Plus, how to know we're in a bubble.
bloomberg.com/news/articles/2024-04-04/savita-subramanian-bofa-thinks-us-stocks-spx-can-go-even-higher
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Is Ukraine’s Zaporizhzhia nuclear plant at risk of an ‘accident’?: Global powers raise alarm after latest drone attack on Russian-held nuclear facility hits ...
aljazeera.com/news/2024/4/16/is-ukraines-zaphorizhzhia-nuclear-plant-at-risk-of-an-accident
Wall St slips after big bank earnings: U.S. stocks sold off on Friday after major U.S. banks' results failed to impress, capping a week marked by market-moving ...
reuters.com/markets/us/futures-steady-ahead-big-bank-earnings-2024-04-12/
Recession outlook: Soft-landing is already here, Evercore founder says: "Arguably, the soft-landing already has happened," one Wall Street veteran says ...
businessinsider.com/recession-outlook-economy-soft-landing-job-market-stocks-gdp-growth-2024-4
Stock market news today: US stocks flat amid Wall Street uncertainty: Investors appear cautious amid unease over Middle East tensions, expected delays to ...
businessinsider.com/stock-market-news-today-futures-level-wall-street-geopolitical-uncertainty-2024-4
JPMorgan Chase is set to report first-quarter earnings — here’s what the Street expects
cnbc.com/2024/04/12/jpmorgan-chase-jpm-earnings-q1-2024.html
Why hospital wait times are so bad: The US may be recovering from a physician shortage, but don't expect to spend less time in hospital waiting rooms this year.
businessinsider.com/why-hospital-wait-times-are-bad-physician-shortage-low-pay-2024-4
BofA Racks Up Bond Losses That Could Top $100 Billion: As bond yields turned higher in the first quarter, Bank of America’s unrealized losses on a key portion of ...
on.barrons.com/3VNucBY
Why the Stock Market Rally May Have Even Further to Go: Bank of America’s Savita Subramanian on the outlook for equities.
bloomberg.com/news/articles/2024-04-04/why-the-stock-market-rally-may-have-even-further-to-go
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Japanese Yen (JPY/USD) Seen Plunging to 160 Per Dollar If Fed Delays Cuts: BofA: The yen could slide to hit 160 per dollar unless the Federal Reserve cuts ...
bloomberg.com/news/articles/2024-04-02/bofa-sees-yen-plunging-to-160-per-dollar-if-fed-delays-cuts
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Magnitude-7.5 earthquake hits Taiwan, triggering tsunami warning in Japan, Philippines
abc.net.au/news/2024-04-03/tsunami-warning-issued-in-japan-after-earthquake/103661984
Quick Glance: Taiwan Rejects China's Aid Offer After Earthquake
- Taiwanese authorities have not yet estimated the cost of recovering from the massive, deadly earthquake that hit the island on Wednesday.
- China offered aid, but Taiwan swiftly turned it down due to their conflict-ridden relationship.
- Taiwan's quick rejection likely stems from lingering bitterness over how the 1999 earthquake was handled.
- China's aid always comes with conditions, leading to Taiwan's resistance based on distrust and military threats.
USDMXN: Mexican Peso's Rally Is Set to Lose Steam, Bartosz Sawicki Says: The world’s best currency rally is set to peter out as Mexico’s central bank begins ...
bloomberg.com/news/articles/2024-04-04/top-mexico-peso-forecaster-sees-world-beating-rally-losing-steam
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Wells Fargo has worn its dunce cap long enough: The problem child of U.S. banking has been sitting on the naughty step for six long years ...
reuters.com/breakingviews/wells-fargo-has-worn-its-dunce-cap-long-enough-2024-04-18/
Apple stock price has 28% upside as Wall Street underestimates profits: In 2018, Wall Street estimated Apple would see profit margins of about 39% in 2023 ...
markets.businessinsider.com/news/stocks/apple-stock-price-outlook-big-upside-wall-street-underestimates-profits-2024-4
As US bank profits drop, focus shifts to interest income outlook: As U.S. banking giants prepare to report slightly lower first-quarter profits ...
reuters.com/business/finance/us-bank-profits-drop-focus-shifts-interest-income-outlook-2024-04-10/
Stock pickers, active managers beating the market by most since 2007: BofA: 64% of active funds beat benchmarks last quarter, fueled by strong stock rallies ...
markets.businessinsider.com/news/stocks/stock-market-big-cap-mutual-funds-highest-benchmark-since-2007-2024-4
Tesla stock price target cut at BofA on concerns of weak EV demand: "We see it hard for the company to generate additional sales with its current product ...
markets.businessinsider.com/news/stocks/tesla-stock-price-target-cut-bofa-weak-ev-demand-concerns-2024-4
LA Unified School District Seeks to Shed Build America Bonds: The Los Angeles Unified School District is heading to Wall Street next week to lower the cost on ...
bloomberg.com/news/articles/2024-04-19/la-unified-school-district-seeks-to-shed-build-america-bonds
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Bank of America must face overdraft fee refund lawsuit: Bank of America must face a lawsuit claiming it reneged on a promise to refund overdraft fees to ...
reuters.com/legal/bank-america-must-face-overdraft-fee-refund-lawsuit-2024-04-04/
Why is the Allen Iverson statue so tiny? The internet lost its mind but there’s a reason for its size.
inquirer.com/sixers/allen-iverson-statue-reveal-76ers-20240412.html
In the Market: The mysterious one-day drop in a repo rate: Something odd just happened in U.S. short-term funding markets: a benchmark interest rate suddenly ...
reuters.com/markets/us/market-mysterious-one-day-drop-repo-rate-2024-04-12/
The DogHouse Inn opens on Crawl Hill: With five dogs at home, Kristy Rego struggled to find adequate pet care when she went overseas ...
royalgazette.com/local-business/business/article/20240404/the-doghouse-inn-opens-on-crawl-hill/
Nvidia stock price has 26% upside even as headwinds spark sell-off: BofA notes that the latest rout is the ninth time the stock has fallen more than 10% since ...
markets.businessinsider.com/news/stocks/nvidia-stock-price-outlook-correction-competition-google-intel-ai-chips-2024-4
BofA urged by proxy advisers to split CEO, chair roles: Proxy advisers Glass Lewis and Institutional Shareholder Services (ISS) on Friday both urged Bank of ...
reuters.com/business/finance/bofa-urged-by-proxy-advisers-split-ceo-chair-roles-2024-04-05/
German museum worker fired after hanging his own art in famous Munich gallery: The 51-year-old technical employee was hoping to achieve his artistic breakthrough ...
abc.net.au/news/2024-04-11/german-museum-fires-worker-for-hanging-his-own-art-in-gallery/103693988
HSBC targets wealthy expats, bullish Asian firms to drive Europe unit, exec says: HSBC's European chief is betting on rising regional wealth and overseas ...
reuters.com/business/finance/hsbc-targets-wealthy-expats-bullish-asian-firms-drive-europe-unit-exec-says-2024-04-08/
Why oil prices already at highs could surge another 10% by summer, according to BofA
trib.al/Ay4isK1
A crucial report Wednesday is expected to show little progress against inflation: The March consumer price index is expected to register increases of 0 ...
cnbc.com/2024/04/09/a-crucial-report-wednesday-is-expected-to-show-little-progress-against-inflation.html
Boston Marathon Criticized for Branded Finisher Medals: Runners are disappointed that the new finisher medals feature a large bank logo across the bottom ...
nytimes.com/2024/04/03/style/boston-marathon-medals.html
Opinion | Boston Marathon Medal Shows You Can’t Outrun Commercialism: Bank of America’s name right below the iconic unicorn shows that sometimes concessions in ...
trib.al/svI7j5N
Country star Morgan Wallen arrested after throwing chair off rooftop for 'no legitimate purpose,' police say
usatoday.com/story/entertainment/music/2024/04/08/morgan-wallen-arrested-nashville/73241072007/
Active US funds tally best quarterly outperformance since 2007, BofA says: Actively managed U.S. equity funds in the first quarter posted their best quarterly ...
reuters.com/markets/us/active-us-funds-tally-best-quarterly-outperformance-since-2007-bofa-says-2024-04-04/
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