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[Yahoo/Bloomberg] Stocks Waver With Banks in Focus: Markets Wrap [Yahoo/Bloomberg] Oil Extends Year’s Biggest Rally as Iraqi Clash Curbs Exports [Reuters] Banking rebound remains fragile as regulators review response to failures [Reuters] US regulators to face sharp questions from Congress over bank collapses [Yahoo/Bloomberg] Binance Crypto Empire Dwarfs FTX at Peak and Dominates Industry […]
As in a football game, economics and finance are subject to both enforced laws (such as boundaries and rules) and immutable laws (such as gravity and equal and opposite reactions). For years, policymakers and central bank officials have acted as though they could overcome the latter by changing the former. But football players can’t fly, […]
[Yahoo/Bloomberg] Stocks Rise as Banks Rally; Treasuries Dip: Markets Wrap [Yahoo/Bloomberg] Deutsche Bank Bounces as Analysts Reassure on Financial Health [CNBC] First Republic rebounds by 25% on Monday to lead regional bank comeback [Yahoo/Bloomberg] Oil Extends Weekly Gain as Traders Look for Clues on Economy [Reuters] First Citizens agrees to acquire failed Silicon Valley Bank […]
[Reuters] US mulls more support for banks while giving First Republic time – Bloomberg News [Yahoo/Bloomberg] Corporate Debt Becomes Market of Haves, Have-Nots: Credit Weekly [Yahoo/Bloomberg] Fed’s Preferred Inflation Gauge Seen Staying Elevated [Reuters] Credit Suisse accessed billions in liquidity last weekend, Swiss finance minister says [Reuters] IMF says risks to financial stability have […]
Essentially Broken This week, the regional banking crisis in the US took a back seat to emerging troubles at major European banks. Adding to the existing regional bank concerns, UBS Group’s state-backed takeover of Credit Suisse fanned concerns about the health of the global banking sector. UBS agreed to buy the troubled rival bank on […]
[Reuters] Analysis: Wall Street push for bank rescues clashes with Washington realities [CNBC] Nearly $100 billion in deposits pulled from banks; officials call system ‘sound and resilient’ [Reuters] New York Fed board member warns of commercial real-estate risks [Yahoo/Bloomberg] Bank Chaos Tests Traders’ Nerves and Rewards Those Doing Nothing [Reuters] Death toll in US strikes […]
Germany’s Deutsche Bank CDS spiked 30 higher intraday Friday, to 210 bps – surpassing panicky market levels from last October and even March 2020. Deutsche Bank CDS had dropped 21 bps Monday, relieved Swiss officials had orchestrated a Sunday evening takeover (bailout) of troubled Credit Suisse by UBS. With Credit Suisse’s troubles supposedly an anomaly, […]
[Yahoo/Bloomberg] Stocks Drop as Bank Woes Grip Traders: Markets Wrap [Reuters] Deutsche Bank and UBS shares hammered as banking fears keep tight grip [Reuters] Deutsche Bank shares plunge, default insurance at highest since 2018 [Yahoo/Bloomberg] Global Bonds Rally as Renewed Bank Concerns Fuel Rate-Cut Bets [Yahoo/Bloomberg] Emerging Markets Retreat as Traders Hedge for ‘Risk-Off […]
