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Barney Frank Was Right About Signature Bank...
Mar 22, 2023 - 07:37:08 PDT
The deposit runs and Federal bailout at Silicon Valley Bank and Signature Bank has a positive silver lining: mortgage rates dropped -3.43% from the previous week. As such, we got an increase in mor…
Gold prices have room to run as banks struggle and the Federal Reserve renders another rate decision, potentially breaking all-time highs — and staying there.
Gold: Currency From Banking System ‘Absolutely Did Move Away Into Gold,’ Says StrategistMar 22, 2023 - 06:10:46 PDT
“We have seen kind of a flee from the banking system," said Soloway. “Money absolutely did move away into gold and that’s definitely one of those fear-factor trades that has helped gold go higher."
Ted Cruz Introduces Bill Blocking Fed From Adopting Central Bank Digital CurrencyMar 22, 2023 - 06:09:40 PDT
Senate Republicans are introducing a bill to block the Federal Reserve and the Biden administration from moving forward with a central bank digital currency.
Christine Lagarde (ECB) Admitting That if the Central Banks Don’t Do CBDC They Lose Control: VideoMar 22, 2023 - 06:02:20 PDT
Want to know why we are in a financial crisis? Christine Lagarde (ECB) admitting that if the Central Banks don't do CBDC they lose control. This is the endgame.
As Fed Meeting Looms, Economists See Central Bank Balance Sheet in New LightMar 22, 2023 - 05:58:48 PDT
Historic Federal Reserve lending to banks in the wake of Silicon Valley Bank’s collapse punched a huge hole in its effort to shrink the size of its balance sheet, though economists don't view that turnaround as a shift back toward a stimulative use of its asset stockpile. Instead, the rapid expansion of the Fed's holdings of cash and bonds has emerged as a key tool to help contain...
Meanwhile, a recession looms for Europe's largest economy, which finds itself in the midst of an inflationary crisis. After experiencing a 0.4% GDP contraction in the fourth quarter of 2022, it's anticipated that the economy will once again contract in the first quarter.
Fed Could Put Us Economy in ‘Very Dire Situation’ With Rate Hike Decision, Expert WarnsMar 22, 2023 - 05:48:02 PDT
Is the Fed's next rate hike decision going to be "poorly perceived" by the markets and bring the U.S. economy closer to recession? Experts Mike Lee and Kathryn Rooney Vera weigh in.
\A coalition of Canadian lenders is urging Prime Minister Justin Trudeau’s government to increase the limits on deposit insurance, arguing that it would send “a strong signal” about financial stability and reduce the risk of bank failures.
How Can New Retirees Recover From Crushing Inflation, Rate Hikes and Bank Failures?Mar 22, 2023 - 05:43:32 PDT
Inflation, aggressive Fed rate hikes, failed banks are creating market havoc that's crushing new retirees' futures. Will they be able to recover?
The World’s Central Banks Have Chosen ‘Class War Over Financial Stability’: EconomistMar 22, 2023 - 05:39:48 PDT
The Fed and other central banks want to bring down inflation at all costs. Is it worth it?
Russia’s central bank is making it more costly for commercial lenders to have liabilities in what it calls “unfriendly” currencies by raising mandatory reserve requirements for foreign tender such as US dollars and euros.
The crises at SVB Financial Group’s Silicon Valley Bank and Credit Suisse Group AG are likely to spur scrutiny of small banks and potentially limit lending practices, Goldman Sachs Group Inc. Chief Operating Officer John Waldron said in an interview with the German newspaper Handelsblatt.
Janet Yellen essentially says all deposits are insured. From now on, moral hazard rules.
Asian lenders may find it difficult to replenish their capital by issuing Additional Tier-1 (AT1) bonds, Citigroup said in a research note on Wednesday, after the Swiss authorities' move to wipe out Credit Suisse bonds as part of its takeover deal.
As Silicon Valley Bank deteriorated late last year and regulators began internally flagging flaws in its risk management, the lender opened up the credit spigot to one group: insiders.
UK inflation accelerated unexpectedly for the first time in four months, spurring a rally in the pound and a selloff in government bonds as traders firmed up bets on further rate hikes from the Bank of England.
The European Central Bank will take a “robust” approach that allows it to respond to inflation risks as needed but also aid financial markets if threats emerge, according to President Christine Lagarde.
n a scenario where 50% of depositors are uninsured, "you have about 190 banks in a precarious position meaning the remaining value of assets is not enough to cover the face value of the insured deposit obligation," of course these bank runs can become more pronounced.