Hints and tips:
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...Khavana is charged with sending $51.80 from her US bank account to Razom for Ukraine, a New York-based non-profit group, on the day President Vladimir Putin ordered the full-scale invasion of Russia’s neighbour...
...In 2009, Mnuchin led a group of private equity investors that bought IndyMac, a mortgage lender that failed in the 2008 financial crisis, from the Federal Deposit Insurance Corporation....
...The FSB said markets remained “vulnerable” to “further liquidity strains” from so-called non-bank financial institutions....
...After rising through the ranks at Goldman Sachs, he made his fortune reviving IndyMac after it was one of the largest US bank failures during the 2008 crisis....
...The FSB even mandates that at least 33 per cent of a global systemically important bank’s TLAC should be in debt!...
...Higher interest rates take time to fully pass through to the real economy because some borrowers are on fixed-rate loans set before central banks such as the US Federal Reserve, European Central Bank and...
...Economic data: Federal Reserve Bank of Philadelphia issues its Non-manufacturing Business Outlook Survey for February. Argentina’s government is due to release January trade balance data....
...The FSB is concerned about more than Treasuries. But it is clearly on its mind....
...Inside the ‘basis trade’ on the Treasuries market Over the past month, the Bank for International Settlements, a convening body for the world’s central banks, and US Federal Reserve researchers have pointed...
...While SVB was not covered by resolution, the US’s decision to guarantee deposits above the $250,000 level covered by a federal scheme flew in the face of post-crisis policies on how to handle failing banks...
...aftermath of Silicon Valley Bank’s ugly demise....
...Urgent calls took place between banks and the Federal Reserve as well as the US Treasury department....
...She quit the central bank after the invasion last year and is now a visiting fellow at the German Council on Foreign Relations....
...The federal agency has estimated that the failure and resolution of Signature Bank could cost the FDIC’s insurance fund $2.5bn....
...Analysts said the closest precedent was the 2008 collapse of mortgage-focused bank IndyMac....
...Here’s what else I’m watching today: Central banks: The Bank of Canada announces its latest interest rate decision, while the US Federal Reserve publishes its Beige Book on economic conditions....
...The Basel bank capital rules have been the FSB’s most impactful global policy work, forcing banks to raise tens of billions and implement far tighter risk management frameworks in the aftermath of the 2007...
...By comparison, uninsured customers at IndyMac Bank, the California-based bank which failed during the 2008 financial crisis, received an initial dividend worth 50 per cent of their deposits and paid out...
...[Federal Security Service] officer in Moscow....
...It’s no surprise that central banks are generally not favourably disposed towards crypto. It’s no secret that the European Central Bank is more hostile than most to crypto....
...Even if they can no longer moor their yachts on the French Riviera, their bank accounts bulge with the profits of power....
...The Federal Reserve Bank of New York said last year that a cyber attack impairing a bank’s ability to send payments would quickly ripple through the wider system (emphasis our own): “If a number of small...
...Jay Powell, Federal Reserve chair, is expected to reaffirm his commitment to aggressively increasing interest rates when he speaks on Friday at the annual meeting of the US central bank in Jackson Hole,...
...The day ahead Bank earnings Goldman Sachs, Citigroup, Wells Fargo and Morgan Stanley are the latest banks to report earnings....
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