Showing 1 - 10 of 10
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.
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.
Social media frenzy fuels bank busting panic
AFP, Published on 16/03/2023
» NEW YORK - Fearful Twitter posts and anxious WhatsApp exchanges coupled with online banking ease are seen as helping power an internet-age run on a pair of now-collapsed American lending institutions.
US consumer inflation still elevated but Fed under stress
AFP, Published on 14/03/2023
» WASHINGTON - US consumer inflation edged down in February but remains elevated, according to government data released Tuesday, adding pressure to the Federal Reserve as it balances its inflation fight with financial stability concerns.
US banking crisis dogs markets
AFP, Published on 14/03/2023
» LONDON - Stock markets sank further in Asia and faltered in Europe on Tuesday, with banks sliding again on contagion fear after the collapse of two regional US lenders.
SVB's demise: Why didn't US bank regulators see it coming?
AFP, Published on 14/03/2023
» NEW YORK - With hindsight, there were warning signs ahead of last week's spectacular collapse of Silicon Valley Bank, missed not only by investors, but by bank regulators.
US govt rules out SVB bailout, wants to avoid 'contagion': Yellen
AFP, Published on 12/03/2023
» WASHINGTON - US Treasury Secretary Janet Yellen on Sunday said the government wanted to avoid financial "contagion" from the implosion of the Silicon Valley Bank but ruled out a bailout of the institution.
SVB's demise a sign of worry, but limited contagion risk: analysts
AFP, Published on 11/03/2023
» NEW YORK - The surprisingly rapid implosion of Silicon Valley Bank has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion.
Markets in turmoil as US closes Silicon Valley Bank
AFP, Published on 11/03/2023
» SANTA CLARA (UNITED STATES) - US regulators shut down Silicon Valley Bank on Friday in a spectacular move that sent global banking shares into turmoil, as markets fretted over possible contagion from the biggest banking failure since the 2008 financial crisis.