Shares of Deutsche Bank, Other Euro Lenders Tumble

bitcoin.com Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes…

Biden on banking response: ‘We’ve done a pretty damn good job’

thehill.com President Biden on Friday defended his administration’s handling of concerns about a banking crisis after the failure of two mid-sized banks, acknowledging it may take time…

Stablecoin Issuers Like Tether May Book Big Profits Soon

blockworks.co Tether is reportedly expecting more big profits this quarter under market conditions that bode well for stablecoin issuers holding piles of short-dated, yield-bearing…

US stocks close higher as markets assess fresh bank woes and recession fears

businessinsider.com TIMOTHY A. CLARY / Getty US stocks ended higher Friday, capping off a week of Fed moves and more bank fears. The 2-year and 10-year Treasury yields both notched their lowest…

What would happen if everyone just stopped paying their student debt?

marketplace.org This is just one of the stories from our “I’ve Always Wondered” series, where we tackle all of your questions about the world of business, no matter how big or small. Ever…

Dow Jones, Financial Stocks Climb Off Lows Despite Economic Jitters; Baidu, ELF Beauty Show Strength

investors.com After two straight bearish reversals off highs, sellers knocked the Dow Jones Industrial Average and other major stock market indexes lower Friday, hurt in part by a…

Fed's Bullard sees more rate hikes as bank stress abates

yahoo.com St. Louis Fed President James Bullard is optimistic stress in the banking system will abate in the weeks and months ahead, leaving a stronger economy that could force the…

Nearly $100 billion in deposits pulled from banks; officials call system 'sound and resilient'

cnbc.com Regulators again assured the public that the banking system is safe, which came as fresh data showed customers recently pulled nearly $100 billion in deposits. Treasury…

Junk-bond defaults eclipse past two years in 3 months as Wall Street braces for credit crunch

marketwatch.com Goldman Sachs this week increased its default forecast for U.S. high-yield, or “junk-rated,” corporate bonds this year to 4% from 2.8% after more companies this year have…

Market Extra: Bond market ‘screams’ rate cuts as yield curve points to real-time slowdown in U.S. economy

marketwatch.com A closely watched measure of the Treasury yield curve is less inverted than it was earlier in March, though the reasons for the move are nuanced. Fears about the global…

Support Grows to Have Russia Pay for Ukraine’s Rebuilding

nytimes.com A house destroyed by a Russian missile in Hlevakha, Ukraine, in January. Western banks have frozen about $300 billion in Russian central bank assets. Although U.S. officials…

Business Highlights: Bank jitters in Europe; Wall St. gains

washingtonpost.com FRANKFURT, Germany — Shares in Deutsche Bank, Germany’s largest lender, have fallen sharply and dragged down major European banks as fears about the global financial system…

Yellen chairs meeting of FSOC regulators amid banking turmoil

reuters.com U.S. Treasury Secretary Janet Yellen chaired a closed meeting of the Financial Stability Oversight Council on Friday, the Treasury said as markets continued to seesaw amid…

The New York Fed DSGE Model Forecast

newyorkfed.org This post presents an update of the economic forecasts generated by the Federal Reserve Bank of New York’s dynamic stochastic general equilibrium (DSGE) model. We describe…

Who are bank examiners, and what do they do?

marketplace.org By May 1, the Federal Reserve will release its own investigation into what happened at Silicon Valley Bank. The San Francisco Fed was the branch in charge of monitoring SVB.…

How major US stock indexes fared Friday 3/24/2023

washingtonpost.com Stocks shook off a weak start and ended higher on Wall Street even as worries about banks on both sides of the Atlantic continue to weigh on markets. The S&P 500 rose 0.6%…

The US government is seeing 'an increasing number' of TikTok-like data security cases

cnn.com The US government is tracking a growing number of foreign-linked business transactions that pose potential data risks to national security similar to those raised by TikTok,…

Yellen: Regulators Ready to Take ‘Additional Actions’ to Protect Banking System

pymnts.com Regulators are ready to do more to protect the banking system. Treasury Secretary Janet Yellen told a subcommittee of the House Appropriations Committee Thursday (March 23):…

Why insuring all bank deposits might make sense

yahoo.com If you buy a home with a mortgage, you need insurance on the house. Not on part of the house, but on the whole thing. Yet you can put money in a bank and only have insurance…

Which Countries Hold the Most U.S. Debt?

visualcapitalist.com Which Countries Hold the Most U.S. Debt in 2022? These are in the form of Treasury securities, some of the most liquid assets worldwide. Central banks use them for foreign…

CFTC Positions in the week to March 21st

financialjuice.com Japanese yen net short position is -66,345 contracts in week Euro net long position is 144,842 contracts British pound net short position is -20,498 contracts Swiss franc…

The market smells hedge funds behind the Deutsche Bank massacre on Friday: 'A clear case of the market selling first and asking questions later'

fortune.com Deutsche Bank AG shares fell and the cost of insuring its debt against default rose in sudden moves that some attributed to hedge funds seeking to profit from the broader…

Here's why we only bought 1 stock this week, despite the market being oversold

cnbc.com The Club has taken a restrained approach to the oversold stock market in recent days, making only one purchase after an assertive buying spree the week prior. In a volatile…

Want To Buy A Tesla Model 3? Thanks To High Inventory Right Now, You Won’t Have To Wait

forbes.com For years Tesla buyers have had to wait weeks if not months for their new electric car to be delivered. Not right now. If you want a new Model 3 sedan, one could be parked…

Four Banks Collapsed. Worries About Two Others Persist. Will They Fall?

thestreet.com Pressure mounts on First Republic Bank, while in Europe, worries surrounding Deutsche Bank are new signals of the banking crisis. There is no respite for the banks. For the…

Yellen convenes Friday meeting with top US regulators as crisis engulfs banking sector

foxbusiness.com Treasury Secretary Janet Yellen on Friday morning chaired a private meeting with top financial regulators amid renewed fears over the global banking system. The meeting –…

Why the Silicon Valley Bank collapse couldn’t have happened in this one state

vox.com In Michael Mann’s 1995 movie masterpiece Heat, bank robber Neil McCauley (Robert De Niro) explains to panicked bank customers that he has no intention of hurting them:…

Deutsche Bank continues decline; Yellen calls FSOC meeting (NYSE:DB)

seekingalpha.com Treasury Secretary has called an unscheduled meeting of the Financial Stability Oversight Council (FSOC) on Friday as banking turmoil persists in the U.S. and globally. In…

Deutsche Bank Drops in Selloff Citi Describes as Irrational

yahoo.com Deutsche Bank AG fell by the most in three years and the cost of insuring its debt against default rose, in a selloff that Citigroup Inc. analysts described as irrational. •…

Key lawmakers say upcoming hearings on bank failures aim to boost U.S. confidence in banking sector

cnbc.com Rep. Patrick McHenry (R-NC) and Chairman of the House Financial Service Committee Maxine Waters (D-CA) listen as David Marcus, CEO of Facebook’s Calibra, testifies on…

Are We About to Feel the Economic Pain Powell Warned Would Be Coming?

morningstar.com Last August, when the Federal Reserve was in the middle of the most aggressive interest-rate-hiking campaign in decades to bring down the highest inflation in decades,…

Why the FDIC Shouldn’t Allow a Foreign Concern to Buy SVB

forbes.com In the aftermath of the spectacular failure of Silicon Valley Bank, the FDIC recently extended the bidding process to take over its successor entity, Silicon Valley Bridge…

‘Bonkers’ Bond Trading May Be Sending a Grim Signal About the Economy

nytimes.com Wild swings in the Treasury market are unlike anything many investors today had seen. They’re also potentially warning of a recession. In the typically tame market for…

Caution Is The Better Part Of Valor... Again

zerohedge.com Caution Is The Better Part Of Valor... Again Authored by Peter Tchir via Academy Securities, I did not like what happened on Wednesday and reiterated that view as stocks…

Investors and Bankers Holding Back Amid Volatility and High Rates

pymnts.com Investment-grade bonds, junk bonds and small business loans alike have seen little activity this month. In the wake of the March 10 collapse of Silicon Valley Bank,…

Bitcoin Will Explode by Over 3,400%, According to BitMEX Founder Arthur Hayes

dailyhodl.com BitMEX co-founder and crypto veteran Arthur Hayes is predicting an explosive rally will drive Bitcoin (BTC) to $1 million. Hayes tells his 368,300 Twitter followers that…

Banking stocks slide as global investors seek safer shores

reuters.com Banking stocks fell again on Friday, with shares in German giant Deutsche Bank knocked by worries that regulators and central banks have not yet contained the worst shock to…

How the banking crisis could ripple through the economy

axios.com The U.S. banking system appears to be stabilized, for now, following extraordinary government actions to head off an all-out disaster after Silicon Valley Bank's failure.…

Biden to keep door open for EU to share in electric vehicle subsidies

politico.com The Biden administration may allow European companies to share in billions of dollars in U.S. tax incentives for electric vehicles if the two sides can reach a trade deal in…

Treasury Secretary Yellen Holds Unscheduled Meeting With Top Financial Regulators Amid Turmoil in Banking Sector

bitcoin.com U.S. Treasury secretary Janet Yellen initiated an unscheduled Financial Stability Oversight Council (FSOC) meeting with the country’s top financial regulators on Friday amid…

This week in Bidenomics: Hating on the Fed

yahoo.com President Biden promised to stay mum on the Federal Reserve, unlike his predecessor, Donald Trump, who routinely hectored the Fed when he disagreed with its policies. Biden…

Unlimited Deposit Insurance Can’t Solve Everything

wsj.com Treasury Secretary Janet Yellen put a damper on hopes for one immediate solution to the present banking crisis when she said on Wednesday that she wasn’t considering trying…

Fed officials say sense of financial stability cleared path for rate hike

reuters.com Federal Reserve officials on Friday said there was no indication financial stress was worsening as they gathered at a policy meeting this week, a fact that allowed them to…

I Warned You About The Banks

seekingalpha.com Many depositors were shocked by the SVB collapse, which, in our opinion, demonstrates that the majority of them are ignorant of serious systemic risks in the U.S. banking…

Charge Up With First Solar Stock as Shares Power Higher

thestreet.com First Solar stock continues to trade seemingly without a care in the world. Here's how to trade it from here. If investors looked only at First Solar's (FSLR) - Get Free…

EV Tax Credits Are Going to Get a Whole Lot More Complicated Starting Next Week

jalopnik.com The U.S. Treasury is about to issue its guidance on electric vehicle battery sourcing, automotive unions are starting to be skeptical of the Inflation Reduction Act’s…

"It's Getting Real": Unease Over Banking Sector Turmoil Spurs Huge Demand For Physical Precious Metals

zerohedge.com "It's Getting Real": Unease Over Banking Sector Turmoil Spurs Huge Demand For Physical Precious Metals Authored by Allan Stein via The Epoch Times (emphasis ours), Coin…

Peter Schiff: More Bailouts Are Coming Down The Pike

zerohedge.com Peter Schiff: More Bailouts Are Coming Down The Pike Via SchiffGold.com, The dust continues to settle after the failure of Silicon Valley Bank and Signature Bank, and the…

Rishi Sunak bans media from Conservatives’ spring conference

theguardian.com Rishi Sunak has banned the media from the Conservative party’s spring conference, with his appearance and a business day held behind closed doors. The prime minister was due…

Yellen to chair previously unscheduled FSOC meeting on Friday

investing.com Investing.com -- U.S. Treasury Secretary Janet Yellen is set to chair a closed meeting of the Financial Stability Oversight Council (FSOC) on Friday, according to media…

Goldman Sachs: Should it be punished for its role in the Silicon Valley Bank debacle?

yahoo.com We journalists usually write articles about how problems like how the collapse of Silicon Valley Bank (SVB) happened. But because so much has been written about SVB since it…

Deutsche Bank Shares Plunge, Default Insurance Soars Amid More Banking Panic

cryptopotato.com Shares in Deutsche Bank – Germany’s largest lender – began to crash on Friday as financial industry fears continue to spread following a string of global bank failures this…

The US government is seeing ‘an increasing number’ of TikTok-like data security cases

cnn.com The US government is tracking a growing number of foreign-linked business transactions that pose potential data risks to national security similar to those raised by TikTok,…