In response to the failure of Silicon Valley Bank (SVB), the US Federal Reserve Board (FRB) tightened capital and liquidity requirements for medium-sized banks and strengthened annual bank stress tests (prudential examination). We are considering measures for The Wall Street Journal (WSJ) reported, citing an anonymous person familiar with the matter. Plans under consideration could … Read more
Wall Street closed this Tuesday in green and the Dow Jones Industrials, its main indicator, gained 1.06% in a day marked by the rebound of banks after the panic caused by the collapse of Silicon Valley Bank (SVB) and after the publication US inflation figures in line with expectations. At the close of operations, the … Read more
swiss bankCredit Suisse Group AG said on Thursday it would adopt a new plan to remedy “substantial weaknesses” in its financial reporting and control procedures over the past two years. The bank was reviewing its financial reports after a complaint from the U.S. Securities and Exchange Commission (SEC) last week. In its annual report released … Read more
The volatility in short-term U.S. short-term interest rates on Thursday was unlike anything seen in the past 40 years, including during the 2008 financial crisis and the 9/11 attacks. Two-year U.S. Treasury yields fell about 61 basis points (bp, 1 bp = 0.01%) on the day. It was the biggest one-day decline since the early … Read more
![[Column]Revival of the Fed’s reversal scenario due to bank failures – Authors](https://i0.wp.com/assets.bwbx.io/images/users/iqjWHBFdfxIU/iiIYPWN07nFM/v1/1200x800.jpg?fit=%2C&ssl=1 "[Column]Revival of the Fed’s reversal scenario due to bank failures – Authors")
The world financial system is in turmoil. The US Silicon Valley Bank (SVB) has gone bankrupt. Washington Mutual was forced to file for bankruptcy in the wake of the 2008 collapse of Lehman Brothers, making it the largest failure of a U.S. financial institution since then. New York’s Signature Bank was also forced to shut … Read more
U.S. Treasury Secretary Janet Yellen said on Thursday that regulators were working over the weekend to resolve the failure of startup lender Silicon Valley Bank (SVB). He said he was focusing more on depositors than bailing out investors, but did not provide details of possible solutions. In an interview with CBS, Yellen reiterated that the … Read more
Bank runs, increased Fed resolve on inflation, credit risk, and recession risk. Investors have absorbed many shocks over the past few days. It may be impossible to shake them all off at once. The problem is that when one threat subsides, another emerges. The economy is either overheating or at risk of worsening from financial … Read more
In the US stock market on the 10thFirst Republic Bank plunges 53%PacWest Bancorp plummeted 37% at one point.The turmoil surrounding SVB Financial Group has spilled over to other financial companies. SVB Financial Group, the holding company of Silicon Valley Bank (SVB), a major financing company for start-up companies, has reportedly failed to raise its capital … Read more
And Egypt and the Emirates are retreating Mubasher – Mahmoud Jamal: The Arab financial markets witnessed varying ups and downs at the end of the weekly trading, which coincided with the assertion of US Federal Reserve Chairman Jerome Powell, before Congress, that the Central Bank will likely have to increase interest rates more than expected … Read more
Wipperfürth Changing a tire does not fall within the sphere of car use. This is shown by a judgment (Az.: 9 C 145/22) by the Wipperfürth District Court, to which the ADAC refers. In this case, a man wanted to change the wheels of his car. He used a jack, but improperly. The device slipped … Read more