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Australia and New Zealand Banking Group's CEO said on Monday the latest turmoil in the global banking system had the potential to trigger a financial crisis though it was early to predict it could bring one similar to that in 2008.
Morgan Stanley Asks When Will Central Banks Worry More About Financial Stability Than InflationMar 27, 2023 - 05:45:27 PDT
Central banks were always going to force a landing, one way or another; the banking sector may hold the key to which kind.
China’s central government is borrowing at the fastest pace on record to finance more spending and to ease the debt burden in provinces.
Debt-heavy local governments in China need new ways to raise money under a central regime keen on reducing financial risks.
As Banking Sector Confidence Falters, Central Banks Called On to Do MoreMar 27, 2023 - 05:40:56 PDT
Some investors and analysts are calling for more coordinated interventions from central banks to restore financial stability, as they fear that tumult in the global banking sector will continue amid rising interest rates.
Turmoil in the U.S. Banking Sector Increases the Risks of a Global Recession: WSJMar 27, 2023 - 05:39:27 PDT
Ripple effects of U.S. financial-system strains could lead to tighter credit, sharper slowdown worldwide
Stress in the banking sector is being closely monitored for its potential to trigger a credit crunch, a U.S. Federal Reserve policymaker said, as an ECB official also flagged a possible tightening in lending.
Thanks to interest-rate risk exposure, the central bank will soon have negative equity capital.
\The Federal Reserve’s preferred measure of underlying price pressures probably remained elevated in February, keeping officials in a precarious spot as they seek to balance inflation-fighting resolve and stress on the banking system.
It is no longer politically possible for governments not to stage rescues, but this is a snowballing problem of their own making...
IMF Says Risks to Financial Stability Have Increased, Calls for VigilanceMar 27, 2023 - 05:32:04 PDT
International Monetary Fund chief Kristalina Georgieva said on Sunday that risks to financial stability have increased and called for continued vigilance although actions by advanced economies have calmed market stress.
Data show worrisome trends in real estate, banks and private markets. The sudden collapse of Silicon Valley Bank was driven in part by assets that lost value when interest rates rose from near zero. Higher rates will continue to weigh on banks’ balance sheets. They will also cause problems in other parts of the economy.
Credit Suisse Accessed Billions in Liquidity Last Weekend, Swiss Finance Minister SaysMar 27, 2023 - 05:29:04 PDT
Credit Suisse tapped the Swiss National Bank for "a large multi-billion amount" last weekend to secure its liquidity, the country's finance minister Karin Keller-Sutter told Swiss broadcaster SRF on Saturday.
(Bloomberg) -- Investors are quickly dividing corporate borrowers into the haves and the have-nots.Most Read from BloombergSaudi National Bank Chair Resigns After Credit Suisse RemarkFirst Citizens Nears Deal to Buy Silicon Valley Bank, Sources SayFirst Citizens Buys Silicon Valley Bank After Run on LenderBond Traders Go All-In on US Recession Bets That Defy...
U.S. authorities are considering the expansion of an emergency lending facility that would offer banks more support, in an effort that could give First Republic Bank more time to shore up its balance sheet, Bloomberg News reported on Saturday.
The banking crisis set off by the collapse of SVB has exposed a disconnect: Bankers want more aggressive action to shore up the industry, while regulators argue they've done what they can within the limits of the law.
Nearly $100 Billion in Deposits Pulled From Banks; Officials Call System ‘Sound and Resilient'Mar 27, 2023 - 05:23:04 PDT
Regulators again assured the public that the system is safe, as data showed customers pulled nearly $100 billion in deposits.
An executive who also serves on the board overseeing the New York Federal Reserve warned on Twitter of potentially systemic problems in the real estate finance market and called on the industry to work with authorities to avoid things getting out of hand.
Rising interest rates have exposed the problem with building a strategy around serving wealthy clients.
Worries about the German lender risk becoming a self-fulfilling prophecy as investors search for the next weak link in European banking after Credit Suisse.