Hints and tips:
Related Special Reports
...The FDIC employed its standard bank closure powers to handle last year’s regional banking crisis including the shutdowns of Silicon Valley Bank, Signature and First Republic....
...PBB’s warning last week, which was accompanied by an increase in provisioning against losses for last year, has added to fears that emerged in March 2023 following the collapse of Silicon Valley Bank over...
...In this piece in the New Yorker, coder James Somers explains what a big wrench it was to let a machine take over some of the mental processes that were central to his life and identity....
...Before most people knew what a camera was, the V&A was already amassing photographs....
...Silicon Valley Bank did dumb stuff and its depositors were at risk....
...With our emphasis: The Swiss National Bank SNB and the Swiss Financial Market Supervisory Authority FINMA assert that the problems of certain banks in the USA do not pose a direct risk of contagion for...
...All that changed with the collapse of regional US lender Silicon Valley Bank on March 10 2023....
...The digitised speed of the run on Silicon Valley Bank exposed deep problems with other emergency measures, such as deposit insurance and central bank funding....
...The central bank’s chair Jay Powell now has a critical choice to make, Bloomberg’s Niall Ferguson writes....
...Time for central bankers to acknowledge that with risks unpredictable, rate policy must be more cautious....
...Who Duken & v.Wangenheim AG Find out about our latest stories first — follow @FTProperty on Twitter or @ft_houseandhome on Instagram...
...In shaky markets following the collapses of Silicon Valley Bank and Signature Bank, an awkward statement by Credit Suisse’s largest shareholder, saying that it would not provide any further assistance, was...
...That ties central bankers’ hands and makes it essentially impossible for them to cut rates to get out of spots of trouble, even if they wanted to....
...Such is his hold over the style of politics in the USA today. We hear [Nikki] Haley talk about a competence test for leaders....
...On Wednesday Credit Suisse shares slumped by 30 per cent intraday, recovering only after central bank intervention....
...striking is that the systems put in place after the last financial crisis were not used as intended — instead policymakers in the US and Switzerland hurried to come up with ad hoc solutions for Silicon Valley...
...It also followed turbulent trade in global banking stocks in the wake of Silicon Valley Bank’s collapse....
...But the type of risks such plans need to consider may have to widen given how Credit Suisse and Silicon Valley Bank, a Californian lender that US authorities had to shut down, failed....
...Luis de Guindos, vice-president of the European Central Bank, said last week that the sector was “resilient”, with much higher capital than in the previous crisis a decade ago, robust liquidity levels and...
...Andrea Enria, the chair of the European Central Bank’s supervisory board, has called for a review of the “opaque” trading in the CDS market....
...Klaas Knot, chair of the Financial Stability Board, wrote to G20 ministers and central bank governors last week, acknowledging that the Swiss banking turmoil, as well as the bankruptcy of Silicon Valley...
...Is the Credit Suisse panic related to the failure of Silicon Valley Bank last week?...
...The Swiss central bank, Credit Suisse and UBS declined to comment....
...The failures of Signature and Silicon Valley Bank have thrown the spotlight on smaller and regional lenders, shaking the post 2008-view that the biggest systemic dangers lay with losses at the Wall Street...
...The slide in Credit Suisse’s shares reignited a broader sell-off in bank stocks in Europe and the US, which were reeling this week from the failure of Silicon Valley Bank....
International Edition