US banks hold $3.3 trillion cash amid banking crisis, slowdown worries NEW YORK/SAN FRANCISCO: US lenders are holding onto large piles of cash as insurance against a slowing economy,... Published 11 Sep, 2023 06:32am
Print Fed officials spar over banking reform in rare open meeting WASHINGTON: Members of the US Federal Reserve’s governing body voiced disagreements over proposed changes to... Updated 29 Jul, 2023 09:33am
Editorials Caution from Basle EDITORIAL: The Bank for International Settlements (BIS), the global umbrella body for central banks, sure poured ... Updated 08 Jul, 2023 06:58am
Business & Finance Inflation fight risks central banks’ credibility and autonomy, BIS warns LONDON: The credibility and independence of central banks around the world is at risk if stubbornly-high global... Published 22 May, 2023 06:23am
Business & Finance Nomura cuts 2025 profit target as banking turmoil curbs expansion hopes TOKYO: Nomura Holdings Inc on Thursday cut its core pre-tax income target for the next financial year by a quarter ... Published 22 May, 2023 06:23am
Editorials Death rattle of a global order? EDITORIAL: The market has clearly rejected the rhetoric that problems at SVB (Silicon Valley Bank), Signature Bank... Published 06 May, 2023 06:23am
Markets Gold flirts with all-time highs as banking concerns deepen NEW YORK: Gold made another run toward record highs on Thursday as US banking concerns accelerated a flight to the... Published 05 May, 2023 06:44am
Print IMF says more vulnerabilities in banking sector may be exposed BEVERLY HILLS, (California): International Monetary Fund Managing Director Kristalina Georgieva said on Monday she... Updated 02 May, 2023 08:46am
Business & Finance JPMorgan to buy First Republic after regulators seize control SAN FRANCISCO: US financial authorities seized California’s troubled First Republic Bank on Monday and sold it to... Published 01 May, 2023 05:25pm
Business & Finance Fed calls for tougher bank rules after SVB collapse WASHINGTON: The US Federal Reserve called for greater banking oversight while admitting to its own failures in a... Published 29 Apr, 2023 06:04am
Print Central banks signal end of bank turmoil FRANKFURT/LONDON/TOKYO: The world’s top central banks are cutting the frequency of their dollar liquidity operations... Updated 26 Apr, 2023 08:50am
Business & Finance Fed may reverse rules that masked losses on SVB’s securities NEW YORK: US Federal Reserve is considering ending an exemption that has allowed certain midsize banks to conceal... Published 22 Apr, 2023 03:38am
Opinion Yellen goes to school Surely, you can’t be accused of being a pro-Putin conspiracy hack if you’re quoting the US treasury secretary... Updated 20 Apr, 2023 06:52am
Business & Finance EU plans to prevent taxpayer cash being used to save failing banks BRUSSELS: The European Union on Tuesday proposed making it harder for states to pour billions of euros of aid into ... Published 19 Apr, 2023 06:36am
Markets Wall St ends lower amid rate hike worries NEW YORK: Wall Street ended lower on Friday as a barrage of mixed economic data appeared to affirm another Federal... Published 17 Apr, 2023 06:41am
Business & Finance Indian IT giant TCS misses profit estimates on US weakness MUMBAI: Indian software giant TCS reported a weaker-than-expected increase in first-quarter profits Wednesday, as... Published 17 Apr, 2023 06:41am
BR Research Oil: Saudis show strength No one saw it coming. Not even the most bullish of observers. What Opec plus alliance threw last week is well and... Published 11 Apr, 2023 08:55am
Print Bank takeover prevented Swiss economy collapse: minister GENEVA: Swiss Finance Minister Karin Keller-Sutter said Switzerland’s economy would probably have collapsed had... Updated 10 Apr, 2023 08:28am
Business & Finance Latest banking crisis will be felt for years, says JPMorgan Chase CEO NEW YORK: While the current banking crisis isn’t like 2008, it “is not yet over” and will be felt for years to... Published 10 Apr, 2023 06:45am
Business & Finance Germans shun foreign deposits on fears of new crisis FRANKFURT: German savers are turning their backs on foreign banks despite juicier deposit rates for fear of getting... Published 03 Apr, 2023 07:32am
Opinion SDR allocation, monetary tightening, inflation, and banking crisis While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs)... Published 31 Mar, 2023 06:45am
Editorials ‘Need for vigilance’ EDITORIAL: It’s interesting, and ominous, that IMF (International Monetary Fund) chief Kristalina Georgieva... Published 31 Mar, 2023 06:45am
Business & Finance Fed official tells Congress many to blame for Silicon Valley Bank failure WASHINGTON: The scope of blame for Silicon Valley Bank’s failure stretches across bank executives, Federal Reserve... Published 31 Mar, 2023 06:45am
Opinion Preparing for the ‘petroyuan’? I wonder how long a certain Zoltar Pozsar, New York-based economist and investment research director at Credit ... Published 30 Mar, 2023 06:35am
Business & Finance Dollar slips as banking sector fears ebb NEW YORK: The US dollar fell against a basket of currencies for a second straight day on Tuesday as easing worries... Published 29 Mar, 2023 06:27am
Business & Finance First Citizens to acquire collapsed SVB NEW YORK: First Citizens Bank will acquire significant holdings of fallen lender Silicon Valley Bank, a US banking... Published 28 Mar, 2023 06:21am
Business & Finance Banking stress puts US and Europe on watch for credit crunch WASHINGTON/FRANKFURT: Stress in the banking sector is being closely monitored for its potential to trigger a credit... Published 27 Mar, 2023 07:30am
Business & Finance LIBOR sunset could get stirred up by banking turmoil BENGALURU: A crisis of confidence in global banking and a backlog of uncleared contracts is making an already... Published 27 Mar, 2023 07:14am
Business & Finance US jobless claims tick down as labour market remains tight WASHINGTON: The number of Americans filing new claims for unemployment benefits edged down last week, showing no... Published 27 Mar, 2023 07:12am
Business & Finance Banking stress brings US closer to recession: Fed’s Kashkari WASHINGTON: Recent stress in the banking sector and the possibility of a follow-on credit crunch brings the US ... Published 27 Mar, 2023 06:15am
