There are inexplicable stories, but they happen every day. Angela, 41 years old, lost her job. She needed money and found the solution on Facebook (bad omen). She downloaded the mobile application Cartera Grande for quick loans. He asked for 2,900 pesos, which he was given immediately without formalities or requirements or review at the … Read more
Almost one in five Czechs does not create a long-term financial reserve, according to a survey by Česká spořitelna, Europe in data and IPSOS, in which two thousand respondents aged 18 to 65 took part. At the same time, experts remind that a financial cushion helps to manage more difficult financial situations, such as the … Read more
Another potential risk to the U.S. economy, should the federal government default, is higher mortgage rates. Without the debt ceiling hike, mortgage rates could rise to 8.4%, a 22% increase in average household mortgage payments and a slump in real estate sales, according to a report by property firm Zillow. If you borrow $500,000 at … Read more
The Credit Derivatives Determination Committee (CDDC), which oversees the credit default swap (CDS) market, has announced that Credit Suisse Group’s Other Tier 1 Notes (AT1 Notes) have been declared worthless in a credit event. I was asked to judge whether it would be. CDDC on websiteannouncementMarket participants have submitted a letter asking whether Credit Suisse’s … Read more
The meeting of finance ministers and central bank governors of the seven major countries (G7) will open in Niigata City on the evening of the 11th for three days. Regarding the global economy, which is the focus of the first day, we will discuss the impact of financial instability originating in the United States and … Read more
US Republican Rep. Santos (34, New York), who is suspected of falsifying his background, was arrested by federal prosecutors on the 10th. A grand jury indicted him on 13 counts as of Thursday, including fraud and money laundering, embezzlement and fraud. The indictment was released on the 10th. Santos has been under investigation for five … Read more
New fears over a recession-inducing credit crunch have led U.S. bond market bulls to speculate that the Fed will make the sharpest policy shift in nearly 40 years. floated for a while. Just minutes after the Federal Open Market Committee’s (FOMC) rate hike decision on Wednesday, traders increased speculation that a rate cut was imminent, … Read more
US stocks fell sharply on the 2nd. After a day of relief on Wall Street after the acquisition of First Republic Bank, a selloff in regional bank stocks reignited concerns about financial stability. A broad sell-off in stocks accelerated the flight to safe haven assets. stock closing price Compared to the previous business day Rate … Read more
U.S. job openings fell more than expected in March, while layoffs rose sharply, suggesting a softening in labor demand. Key Point U.S. job openings fell to 9.59 million in March Lowest level in almost two years The median economist estimate is 9,736,000. The previous month was revised upward to 9,974,000 (preliminary figure of 9,931,000). Upper … Read more
Federal Reserve Vice Chairman Barr has called for an overhaul of how the Fed oversees U.S. financial institutions after the failure of Silicon Valley Bank (SVB). Mr. Barr attributed the bankruptcy to poor risk management and a lack of oversight by financial regulators. Vice Chairman Barr was announced on the 28threportIn a letter attached to … Read more