now, this is the best news for today. fast and responsible to solve the problem. less talk do more. good job.
Yellen says U.S. banking system is ‘stable’ and deposits ‘remain safe’ following failure of SVB, Signature
Treasury Secretary Janet Yellen sought to reassure markets and lawmakers on Thursday that the federal government is committed to protecting U.S. bank deposits following the failure of Silicon Valley Bank and Signature Bank over the weekend. “Our banking system remains sound and Americans can feel confident that their deposits will be there when they need them,” Yellen said. Yellen has been at the center of emergency federal efforts this past week to return deposits to account holders at two failed banks, the California-based Silicon Valley Bank and the crypto-heavy Signature Bank, based in New York. To shore up ... (full story)
- Older Stories
Momentum trading is a strategy that involves taking a position based on the strength of a market trend. It’s a popular way of trading in volatile markets, as the goal is to find ...
tweet at 10:49am: JPMorgan, Morgan Stanley, Others in Talks to Bolster First Republic, Sources Say -- WSJ $FRC tweet at 10:56am: Breaking: JPMorgan, Morgan Stanley and several other big banks are in talks to aid First Republic Bank. The deal could include a sizable capital infusion to shore up the beleaguered lender. https://t.co/Y7WNBVltWo
The European Central Bank on Thursday announced a further rate hike of 50 basis points, signaling it is ready to supply liquidity to banks if needed, amid recent turmoil in the ...
- Newer Stories
tweet at 11:53am: ECB Policymakers Agreed to Go Ahead with 50 Bps Hike After SNB Threw Lifeline to Credit Suisse: Sources ECB's Policy Debate Was Between 50-bps-hike or Leaving Rates Unchanged; No Discussion of 25 Bps Hike: Sources
Most economists narrowly expect the Federal Reserve to hike rates next week and nudge its peak interest rate up slightly in a continuing response to high inflation despite ...
Goldman Sachs (GS) continues to lead the charge in sounding the economic alarm bells as a fresh banking crisis rolls through markets and the economy. The investment bank's chief ...