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Mar 14, 2023 - 05:57:09 PDT
The bank was sitting on an unreallized loss of nearly $109 billion in a large bond portfolio at the end of 2022
Inflation is much more than a monetary phenomenon; it rips at the very core of social cohesion...
Roubini Launches Alternative Haven Trade for the Era of Endless InflationMar 14, 2023 - 05:50:16 PDT
Economist Nouriel Roubini has partnered with Goldman Sachs Group Inc. to launch the first in a suite of planned financial products that offer investors an alternative safe haven in a big market crash.
A selloff in global financial stocks paused Tuesday after a two-day, $465 billion wipeout.
CNBC's Diana Olick on why the housing market is in deep trouble. With CNBC's Sara Eisen and the Fast Money traders, Tim Seymour, Courtney Garcia, Jeff Mills and Steve Grasso
Mar 14, 2023 - 05:41:59 PDT
Legions of European businesses are succumbing to the final straw of Europe's largely self-inflicted energy crisis.
Mar 14, 2023 - 05:38:53 PDT
There has been an avalanche of information and numerous theories circulating the past few days about the fate of a bank in California know as SVB (Silicon Valley Bank). SVB was the 16th largest bank in the US until it abruptly failed and went into insolvency on March 10th. The impetus for the collapse of the bank is tied to a $2 billion liquidity loss on bond sales which caused...
20 Banks That Are Sitting on Huge Potential Securities Losses - As Was SVB: MWMar 14, 2023 - 05:36:10 PDT
SVB Financial faced a perfect storm, but there were plenty of other banks with high levels of unrealized securities losses as of Dec. 31.
Oil extended losses ahead of key inflation data as the biggest US bank collapse since 2008 continued to ripple through financial markets.
Moody’s Investors Service placed First Republic Bank and five other US lenders on review for downgrade, the latest sign of concern over the health of regional financial firms following the collapse of Silicon Valley Bank.
US Shouldn’t Have Bailed Out SVB Depositors, Say Investors Like Ken Griffin and Carson BlockMar 14, 2023 - 05:30:44 PDT
he US government’s emergency decision to backstop the financial system after the collapse of Silicon Valley Bank has earned praise from prominent names including Larry Summers and Bill Ackman.
Traders are pushing back against the European Central Bank’s own guidance and betting it could deliver the smallest rate hike this cycle when it meets on Thursday.
Treasury yields climbed after epic declines and US equity futures rose on Tuesday as investors await inflation data that may upend bets that the Federal Reserve is done tightening.
The shift in short-term interest rate markets Monday was unlike almost anything seen for more than four decades, including even the 2008 financial crisis and the aftermath of the Sept. 11 terror attacks.
Federal Reserve Chair Jerome Powell’s strategy to speed up the central bank’s inflation-fighting efforts is unraveling in the wake of Silicon Valley Bank’s collapse.
Global bond markets have declared that the steepest global monetary tightening campaign in a generation is as good as done.
Economic data: Instability in the financial system has changed investors’ calculus about the future direction of interest rates but today’s consumer prices data will put the US economy back in the spotlight.
The dollar edged higher in calmer trading on Tuesday, after tumbling on Monday following the collapse of Silicon Valley Bank (SVB). Tuesday's consumer price index (CPI) figures, due out at 8.30 a.m. ET (1230 GMT), have the potential to drive further volatility in global markets. They come a day after fears of a potential banking crisis caused traders to rapidly scale down their expectations for Federal Reserve rate hikes.
Banks are getting all the attention, but the SVB collapse shows that a host of asset classes are in the flood plain of the rising Fed rates.
Global Markets Gripped by Silicon Valley Bank Collapse; Credit Suisse Shares Fall: Business LiveMar 14, 2023 - 05:13:38 PDT
Introduction: Bank share sell-off spreads to Asia as SVB collapse shakes markets...