says Archives - Page 3 of 4 - Global Banking Monitor

US banking crisis can be solved, says Blackstone’s Schwarzman

Blackstone Inc.’s Steve Schwarzman expects most US banks to withstand the current industry turmoil, blaming it on the after-effects of the pandemic and technology...

Stable bank deposit flows and persistent inflation remain key concerns, says Fed’s Barkin

Deposit flows in U.S. banks appear "relatively stable," while inflation remains too high and may well take longer than expected to decline, Richmond Federal...

Newmark Group Hired by FDIC to Sell Billions in Signature Bank Debt, Says Source

The Federal Deposit Insurance Corp (FDIC) has hired Newmark Group Inc to sell about $60 billion of failed lender Signature Bank's loans, a person...

Markets mistaken on US rate-cut bets, says BlackRock

The Federal Reserve will keep raising interest rates despite traders betting otherwise as fears of a banking crisis convulse markets, according to BlackRock Inc. The...

Americans’ expected home price growth shows broad decline, says NY Fed

Americans’ expectations for home price increases over the next year moderated sharply in a new report on the outlook for the housing sector, released...

Bank of England Governor Andrew Bailey says UK banking sector is ‘resilient’

The Governor of the Bank of England, Andrew Bailey, has said the UK banking system is in a sound position and well placed to...

ECB Rate Policy Moves Affected by Bank Turmoil, Says Guindos

European Central Bank Vice President Luis de Guindos said the banking sector is “going through a period of very high uncertainty” that dictates a...

Bank of America to shift wealth management and banking employees, says source

Bank of America Corp (BAC.N) is redeploying employees in wealth management and lending to other roles within the company, a source familiar with the...

Interbank contagion risks pose low threat to Philippines and Asia, says experts

Interbank contagion risks arising from the banking crisis in the US and Europe are “quite small” for Philippine and Asian banks that are less...

SVB’s collapse was agonizing, particularly for Black founder, says CEO

Isa Watson, founder of voice-only social messaging app Squad, was on a plane when she got the news: Silicon Valley Bank had collapsed, and...

Bank of England’s new stance indicates signs of economic recovery, says Ed Conway

Only a month ago the Bank had expected that the UK would face a technical recession this year with the economy shrinking in the...

Power cuts have shrunk SA economy by one fifth, says PIC

Blackouts have reduced the potential size of South Africa’s economy by almost a fifth since they started being imposed around 2008, according to an...

Argentina plans to urge state-owned entities to relinquish dollar bonds, says Ministry official

Argentina's government will push state entities to give up their foreign-law sovereign dollar bonds, an economy ministry official said on Tuesday, aiming to reduce...

Credit Suisse AT1 Bond holders Possibly Pursuing Legal Action, Says Law Firm

Lawyers from Switzerland, the United States and UK are talking to a number of Credit Suisse (CSGN.S) Additional Tier 1 (AT1) bond holders about...

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

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