Elizabeth Richards, Author at Global Banking Monitor

Yellen says OPEC+ production cut ‘regrettable’ and ‘not positive’ for global growth

said Monday that the unexpected oil production cut announced by OPEC+ is an unconstructive act that will create more uncertainty for the global economy...

JPMorgan says more banks could run out of reserves like SVB if pace of this deposit flight continues

U.S. banks are using reserves to cover for the cash that depositors are withdrawing, setting up a potentially calamitous situation down the road, JPMorgan...

What OPEC’s surprise production cut means for our oil stocks

Crude prices and oil stocks jumped Monday after OPEC+ members announced a surprise production cut, giving investors an opportunity to pare back their energy...

OPEC+ announces surprise oil production cut that could lead to higher prices at pump

A group of OPEC+ member countries on Sunday announced voluntary oil production cuts that will run from May through the end of this year. The...

Bitcoin outlook: Crypto may be in a bull market now, but investors should still tread carefully

The case for a new crypto bull market has been slowly growing since the beginning of the year and gained more strength still in...

Bloomberg unveils finance-focused AI model Bloomberg GPT

Bloomberg, a leading financial data services provider, this week unveiled a new artificial intelligence (AI) model that aims to revolutionize the finance industry in...

Markets and the economy survived a tough first quarter, but it’s not going to get any easier

The economy and stock market head into the second quarter facing both headwinds and tailwinds, with investors left to sort it all out after...

Stocks could be shaky in the week ahead as sigh-of-relief rally runs its course

The stock market is about to enter one of the seasonally strongest months of the year, but volatility could persist in the week ahead...

Silicon Valley Bank’s rapid withdrawals, management missteps created perfect storm

The run on Silicon Valley Bank (SVB) was not your average bank run; it was so fast, it shocked even the most seasoned regulators...

Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say

The surge of deposits moving from smaller banks to big institutions including JPMorgan Chase and Wells Fargo amid fears over the stability of regional...

JPMorgan’s Kolanovic warns of possible ‘Minsky moment’ ahead

Add up the recent bank failures, geopolitical shocks and uncertainty about central bank policy and you get the potential for a Minsky moment in...

Dow futures rise after UBS buys Credit Suisse to stem bank crisis: Live updates

U.S. stock futures rose on Sunday as the Swiss government engineered a forced takeover of Credit Suisse by UBS, marking the latest effort by...

First Citizens emerges as possible suitor for Silicon Valley Bank

The Federal Deposit Insurance Corp. will decide on Sunday whether to pursue a full sale or breakup of Silicon Valley Bank. One financial institution that...

Retail investors are buying the dip in financial stocks in unprecedented amounts

Retail investors are buying financial stocks in unprecedented amounts after the sector's recent rout, according to Vanda Research. Banks have been pummeled in the...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

Elizabeth Richards