Showing 1 - 10 of 20
US Fed official calls for increase to bank capital requirements
AFP, Published on 10/07/2023
» WASHINGTON - A senior Federal Reserve official has proposed raising capital requirements for large and mid-sized US banks as part of a "comprehensive" series of measures to tighten banking regulation and supervision.
OECD lifts world GDP growth forecast to 2.7%
AFP, Published on 07/06/2023
» PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".
JPMorgan buys First Republic after regulators seize control
AFP, Published on 01/05/2023
» NEW YORK - US financial authorities seized California's troubled First Republic Bank on Monday and sold it to JPMorgan Chase, hoping to bring to a close a two-month banking crisis that has spooked the financial system.
Oil powers announce surprise cuts of more than 1 million bpd
AFP, Published on 03/04/2023
» RIYADH - Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels per day on Sunday, calling it a "precautionary" move aimed at stabilising the market.
After Fed, European central banks hike rates
AFP, Published on 23/03/2023
» LONDON: The Bank of England joined Norway and Switzerland in hiking interest rates on Thursday to tackle stubbornly-high inflation, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve.
US stocks tumble after Fed rate hike, concerns on economy
AFP, Published on 23/03/2023
» NEW YORK - Wall Street stocks slumped Wednesday as the US Federal Reserve continued hiking interest rates to fight inflation, while noting that banking sector turmoil could weigh on the economy.
Yellen says banking stabilising, US may intervene more if needed
AFP, Published on 22/03/2023
» WASHINGTON - The United States banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen told a lenders' conference Tuesday, as leaders seek to calm global worries.
As in 2008, JPMorgan chief plays key role in bank rescue
AFP, Published on 18/03/2023
» NEW YORK: Consulted by policymakers and able to nudge his peers into action, JPMorgan Chase CEO Jamie Dimon played a key role in a bank rescue effort this week -- a situation sparking reminders of 2008.
Western stocks slide as bank fears return
AFP, Published on 17/03/2023
» LONDON: US and European stock markets fell on Friday as fears over the health of the banking system festered despite the latest efforts to shore up troubled lenders and tamp down contagion risks.
ECB sticks to planned rate hike despite turmoil
AFP, Published on 16/03/2023
» FRANKFURT: The European Central Bank stuck to a planned interest rate increase on Thursday as it remained laser-focused on battling sky-high inflation despite market turmoil over fears of a widening banking crisis.