March 21 (Reuters) – SVB Financial Group ( SIVB.O ) said on Tuesday that the U.S. Federal Deposit Insurance Corporation had taken “improper actions” to cut it off from cash held at its former subsidiary Silicon Valley Bank, which was seized by regulators to stem a national bank run. SVB Financial made the allegations in …
SVB Financial Group accuses the FDIC of cutting it off from cash Read More »
BENGALURU, March 17 (Reuters) – The U.S. Federal Reserve will raise interest rates by 25 basis points on March 22 despite recent turmoil in the banking sector, according to a strong majority of economists polled by Reuters, who were divided on the risks in their view of terminal interest rates. Market prices for the upcoming …
Fed to hold course with 25 bps rate hike on March 22: Reuters poll Read More »
March 11 (Reuters) – In the middle of last week, Moody’s Investors Service Inc delivered alarming news to SVB Financial Group ( SIVB.O ), the parent company of Silicon Valley Bank: the rating firm was preparing to downgrade the bank’s credit. That phone call, described by two people familiar with the situation, started the process …
Silicon Valley Bank’s demise began with a downgrade threat Read More »
OTTAWA, March 10 (Reuters) – The Canadian economy beat expectations by adding 21,800 jobs in February, putting pressure on the central bank to consider another interest rate hike after saying it wanted to end its year-long tightening campaign, data showed on Friday . Analysts polled by Reuters had forecast a net gain of 10,000 jobs …
Canada Feb jobs gain surprisingly strong, increasing pressure for higher rates Read More »
March 9 (Reuters) – Rising stock market prices pumped wealth back into Americans’ pockets late last year, but falling property values, slowing credit growth and a drop in corporate profits may show the impact of interest rate hikes by the Federal Reserve taking hold. Household net worth rose 2% to $147.71 trillion in the fourth …
US household wealth rose to $147.7 trillion in the 4th quarter Read More »
March 6 (Reuters) – Wall Street’s main indexes opened higher on Monday as Treasury yields retreated ahead of testimony from Federal Reserve Chairman Jerome Powell and jobs data this week that could provide new signals about the path of interest rates. The Dow Jones Industrial Average (.DJI) was up 34.35 points, or 0.10%, at the …
SNAPSHOT Wall St opens higher as focus shifts to Powell’s testimony Read More »
