Global Banking Monitor

Wednesday, February 28, 2024

Unicredit reportedly in talks to buy Vodeno

UniCredit is considering an acquisition of Vodeno,...

Tag: default

Fed’s Goolsbee Sounds Alarm: US Default Would Have ‘Extremely Negative’ Impact on Economy

Federal Reserve Bank of Chicago President Austan Goolsbee expressed optimism that there’s bipartisan support for a tentative deal to raise the US debt ceiling,...

Fed Interventions Gain Spotlight as US Faces Impending Debt Deadline and Default Risk

Evidence that Federal Reserve policymakers recently discussed potential interventions in markets after any default by the US Treasury is reviving analysis of the central...

US Debt Default Ruled Out Completely by Wharton Professor Jeremy Siegel

There is absolutely no possibility that the US government will default on its debt, Wharton finance professor Jeremy Siegel has declared. "There is zero chance...

Global Chaos Looms If US Debt Default Occurs

The US government is currently engaged in what could be one of the most costly games of chicken in history. If Democrats and Republicans do...

Reuters Poll: Fed to Maintain Unchanged Rates Throughout the Year; High Risk of U.S. Default

The U.S. Federal Reserve will hold its key interest rate steady this year despite an expected recession, according to a Reuters poll of economists,...

Federal Government’s Bank Account Depletes Rapidly as Default Deadline Approaches

The Treasury Department's bank account at the Federal Reserve saw a sharp drop in cash earlier this week as lawmakers continue to negotiate over...

Fed’s monetary policy mechanics face a crucial test in the event of US debt default

A default on U.S. Treasury debt would be a leap into the unknown for the Federal Reserve's ability to conduct monetary policy to achieve...

Shares of Deutsche Bank fall 14% due to a sudden surge in default insurance costs

Deutsche Bank shares fell on Friday following a spike in credit default swaps Thursday night, as concerns about the stability of European banks persisted. The...

Credit Suisse Default Swaps Surge Amid Industry-Wide Concerns Over SVB’s Default

The cost of insuring the bonds of Credit Suisse Group AG against default climbed to the highest on record as the collapse of Silicon Valley Bank...

Debt default would have devastating impact on U.S. economy, warns new analysis

The U.S. economy could quickly shed a million jobs and fall into recession if lawmakers fail to raise the nation’s borrowing limit before the federal government exhausts...

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