Pete Sadler, Author at Global Banking Monitor

SVB’s primary debtor in Canada revealed as Romanow’s tech finance firm

The bankruptcy liquidator in charge of Silicon Valley Bank’s Canadian unit is set to receive offers for its loan book on Monday, and the...

Central banker calls for wage restraint in Iceland to slow down inflationary trends

Iceland’s labor market parties must rein in wage growth to help slow interest rate hikes, according to the central banker in charge of western...

German growth outlook deteriorates, impacting the global economy

Germany suffered its first recession since the start of pandemic, extinguishing hopes that Europe’s top economy could escape such a fate after the war...

ECB reaches a significant stage of rate tightening, says Makhlouf

The European Central Bank is in the final stretch of its historic cycle of interest-rate increases, according to Governing Council member Gabriel Makhlouf. “Given our...

Bond traders widen their focus to potential risks beyond the debt ceiling

Bond investors are beginning to look beyond the debt-ceiling quagmire even as Treasury Secretary Janet Yellen’s warnings about when the US will run out...

Former BOE hawks predict UK interest rates to reach the “pain level” of 6%

Hawkish former Bank of England rate-setters warned that interest rates will need to soar as high as 6% to stamp out inflation, a level...

The West Coast emerges as a prominent epicenter of bank turmoil in 2023

One half of the country is experiencing the banking turmoil of 2023 quite differently than the other half. Three of the four banks that collapsed...

France receives another credit rating warning

The outlook on France’s credit rating was reduced to negative from stable by Scope Ratings, raising questions about President Emmanuel Macron’s efforts to spur...

IMF urges Fed to raise rates more, stating “The job is not quite yet done”

The International Monetary Fund said Friday in a new report that the US can avoid a recession this year, and that the Federal Reserve...

Investors foresee increased interest rates amidst growing inflationary pressures

Stronger than expected US inflation and a bump in consumer spending have fuelled worldwide expectations that interest rates will go higher, as predictions about...

China’s industrial profits suffer an 18% decline in April due to sluggish demand

Profits at China's industrial firms slumped in the first four months of 2023, official data showed on Saturday, as companies continued to struggle with...

India central bank likely to reduce rates by end of financial year, predicts Kotak Bank treasury chief

The Reserve Bank of India (RBI) may cut interest rates only towards the end of the financial year despite a moderating inflation, Kotak Mahindra...

Treasury Secretary Yellen sets June 5 as final day to raise debt ceiling

U.S. Treasury Secretary Janet Yellen on Friday set a deadline for raising the federal debt limit, saying the government would default if Congress does...

Inflation heats up in April, prompting Fed to face critical questions

Inflation ran hotter than expected in April, coming in above expectations, according to a measure followed closely by the Federal Reserve, the Bureau of...

Pete Sadler

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