Credit Conditions a Key Factor for Fed's Cook in Setting Interest Rates
U.S. Federal Reserve Board Governor Lisa Cook on Friday said she…
Banking
US Banks Experience Massive $126 Billion Outflow of Deposits
Depositors drained another $126 billion from U.S. banks during the week…
Schwab Has Its Worst Month since 1987 Due to Cash Management Woes
Charles Schwab Corp.’s worst month in more than 35 years has…
Data is the new oil... well, ok, not yet.
This is an opinion post by Ewan MacLeod, originally posted on New…
Japan's Regional Banks Resilient to Foreign Bond Losses, According to Regulatory Official
Japanese regional lenders will be well able to weather even “large” losses…
Reduction in Fed's Emergency Loans to Banks Indicates Easing Financial Turmoil
Banks reduced their borrowings from two Federal Reserve backstop lending facilities in…
Flight to Money Funds Adds to Pressure on Small Banks
Keeping interest rates on deposits near zero is becoming increasingly untenable, with…
FDIC Completes SVB Deal by Exercising $500 Million in First Citizens Stock
Regulator Federal Deposit Insurance Corporation (FDIC) exercised its equity rights in First…
Europe Seeks to Streamline the Closure of Mid-Sized Banks
The European Union wants to make it easier to wind down medium-…
European Banks Lose Low-Cost Deposits as Savers Chase Higher Rates
European savers are increasingly moving their money from accounts that offer no…
China's Big Banks Anticipate Tough Year Despite Profit Increases
China’s biggest state-owned banks warned of a tough 2023 as…
US Banks Struggle to Retain Deposits as Investors Turn to Money Market Funds
Americans are changing where they park their cash, with money market funds…