Elizabeth Richards, Author at Global Banking Monitor

Treasury yields mixed as investors consider outlook for bank stocks, monetary policy

Investors digested the latest stock market developments, especially regarding bank stocks which have had a tumultuous week in the aftermath of Silicon Valley Bank's...

First Republic Bank headed for possible sale after institutional bailout

Many of the institutions involved in the bailout of the beleaguered First Republic Bank are also said to be looking to make a possible...

First Republic gets $30 billion rescue from biggest US banks

A group of the nation's biggest banks swooped in on Thursday afternoon to rescue First Republic Bank with a $30 billion deposit, a move...

Peter Thiel says he had $50M in Silicon Valley Bank when it shut down

Billionaire investor Peter Thiel says he had tens of millions of dollars in Silicon Valley Bank when the lender was seized by regulators last...

White House Tells ByteDance to Sell TikTok or Face U.S. Ban

The Biden administration is demanding Chinese tech company ByteDance sell the U.S. arm of popular short video service TikTok or face a potential ban,...

Kellogg will split into two companies. Here are the names

Kellogg Company has released what the two separate companies that it intends to split into will be called. In a , Kellogg said WK Kellogg...

Carl Icahn says our economy is breaking because of inflation and poor corporate leadership

Famed investor Carl Icahn believes the U.S. economy is in trouble because of poor corporate leadership and stubbornly high inflation. The system is breaking down,...

Morgan Stanley is testing an OpenAI-powered chatbot for its 16,000 financial advisors

OpenAI logo seen on screen with ChatGPT website displayed on mobile seen in this illustration in Brussels, Belgium, on December 12, 2022. Morgan Stanley is...

Moody’s downgrades U.S. banking system’s outlook to negative citing bank runs

Moody's Investor Service changed its outlook on the U.S. banking system from stable to negative on Monday, pointing to the bank runs on multiple...

First Republic shares jump 20% as regional banks try to rebound from Monday’s selloff

A First Republic Bank branch in New York, US, on Friday, March 10, 2023. Shares of First Republic were up sharply in early Tuesday trading...

Mortgage rates post big decline amid Silicon Valley Bank fallout

Mortgage rates fell sharply on Monday as the stunning collapse of Silicon Valley Bank triggered fears of a broader banking meltdown. The average rate on...

Something broke, but the Fed is still expected to go through with rate hikes

When the Federal Reserve starts to raise interest rates, it generally keeps doing so until something breaks, or so goes the collective Wall Street...

Australia’s Downer EDI chairman steps down

March 3 (Reuters) - Australian contractor Downer EDI Ltd DOW.AX on Friday said Chairman Mark Chellew had resigned, and elected his deputy Mark Menhinnitt...

JPMorgan says electric flying vehicles will be a $1 trillion market and it has a new favorite way to play it

There's a $1 trillion market opportunity for electric flying vehicles, and one player in particular — Eve — is positioned to take flight, according...

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