New York The bank run at the First Republic Bank (FRB) from San Francisco was apparently more dramatic than initially thought. In March, customers of the institute withdrew deposits of a good 100 billion dollars, as the bank announced on Monday evening when it published its quarterly figures. Total deposits now stand at $104.5 billion … Read more
The banking system in free fall Regulators and politicians around the world are trying to allay fears of a new banking crisis. But the bankruptcy of Silicon Valley Bank and the emergency merger of UBS and Credit Suisse were not the end. Even after the experiences of 2008, it was not possible to regulate the … Read more
Warren Buffett The star investor had already become active during the 2008 financial crisis. (Photo: AP) Denver Bankers, regulators and government officials have been dealing with a central question for days: How can trust in the US banking system be restored after the Silicon Valley Bank (SVB) went bankrupt? Star investor Warren Buffett is apparently … Read more
ZURICH/BERN According to media reports, the Swiss supervisory authorities are urging UBS to take over its smaller local rival. State guarantees are a prerequisite for a deal that will be frantically negotiated over the weekend. The Swiss government in Bern should issue a guarantee to cover the risks associated with the takeover, it said. The … Read more
ICBC-Filiale in Peking China’s largest bank won’t accept payments from Russian banks under Western sanctions. (Photo: Reuters) Industry Only a strong last quarter saved Russia’s banks from a year of losses in 2022. And currently it doesn’t look like this year will be any better. Because even banks from those countries that have so far … Read more
– Visa and Mastercard logo The supervisors explained the focus on Visa and Mastercard with the market share of the two companies. – (Foto: imago images/Pius Koller) – – – – London The British supervisory authority for payment systems is examining the fee structure of the credit card providers Mastercard and Visa. The Payment Systems Regulator … Read more
– Credit without a credit check Buy now, pay later: According to consumer advocates, there is often no credit check for such financing offers. Photo: Franziska Gabbert/dpa-tmn – (Photo: dpa) – – – – “Every month, households have to raise large sums relative to their income to meet the burden of debt.” Mohn demands that … Read more
Amerika-Chefin Christiana Riley She has been running the business in New York for a good two years. – (Photo: Tobias Everke for Handelsblatt) – – – – New York For the big moment, Michael Bloomberg also came to the terrace of the new building last week. The former New York mayor cut the ribbon together … Read more
The results of this year’s stress tests will be published on Thursday after the stock market closes in New York. Those who exist may distribute capital to the shareholders without restrictions. Analysts don’t expect any big surprises. Barclays analyst Jason Goldberg believes that many US banks will be overcapitalized and, after passing the stress tests, … Read more
– Commerzbank Among other things, supervisors want to ensure that investors are transparently and reliably informed about the sustainability record. – (Photo: dpa) – – – – London The EU banking supervisors have called on the financial institutions in the international community to draw up ten-year plans for dealing with climate risks. The financial institutions … Read more