By The Financial District
Ukraine Creditors Extend Payment Freeze To 2027
Ukraine’s creditors have extended a debt repayment freeze until 2027 as the war-ravaged country secured an emergency aid program under the..
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By The Financial District
- 5 days ago
- 1 min
Saudi Nat'l Bank Chief Quits Over Credit Suisse Comments
The chairman of Credit Suisse’s largest shareholder, Saudi National Bank (SNB), has quit less than two weeks after comments he made about...
By The Financial District
- 5 days ago
- 1 min
First Citizens Buys Silicon Valley Bank
US bank First Citizens said that it has agreed to purchase much of Silicon Valley Bank, whose collapse this month sparked global fears...
By The Financial District
- 5 days ago
- 1 min
Banking Crisis Drags Mortgage Rates Down
Mortgage rates have taken would-be buyers on a ride this year — and it’s only March. Generally, home buyers can anticipate mortgage rates...
By The Financial District
- 5 days ago
- 1 min
U.S. Banks Still Pleading For Emergency Funds
Banks borrowed less this week from Federal Reserve emergency backstop funds than last, but not by much.
By The Financial District
- 5 days ago
- 2 min
Americans Back To Using Cash As Banks Flounder
In the wake of Silicon Valley Bank’s collapse and the subsequent banking meltdown, cash is king.
By The Financial District
- 5 days ago
- 1 min
Small U.S. Banks Lost $120-B In Deposits
Small and mid-sized banks lost $120 billion in deposits in just one week as turmoil gripped regional banks.
By The Financial District
- 6 days ago
- 1 min
Deutsche Bank Shares Drop As Bond Insurance Rate Rises
Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express..
By The Financial District
- 6 days ago
- 1 min
U.S. Depositors Park Billions Outside Of Banks
Across the country, millions of Americans are trying to figure out how to best allocate their money following the implosion of two US...
By The Financial District
- 6 days ago
- 1 min
Bank Closures Ease Fed's Rate-Setting Agony
In a strange twist, it's possible that the banking meltdown actually did some work for the Fed in bringing down prices without raising...
By The Financial District
- 6 days ago
- 1 min
Well-Oiled Lobbyists Watered Down U.S. Banking Rules
It seemed like a good idea at the time: Red-state Democrats facing reelection would join forces with Republicans to slash bank regulations..
By The Financial District
- Mar 25
- 2 min
UBS Buys Credit Suisse In $3.2-B All-Share Deal
UBS Chairman Colm Kelleher is buying Credit Suisse because he has to, not because he wants to.
By The Financial District
- Mar 25
- 1 min
Deutsche Bank, UBS Stocks Wobble
Europe’s banking stocks tumbled Friday, Mar. 24, 2023, as investors acted on their lingering worries that the recent crises at some banks...
By The Financial District
- Mar 24
- 1 min
Japan Unveils Fresh $15-B Inflation Relief Package
The Japanese government has drawn up a fresh 2-trillion yen ($15 billion) inflation relief package that will give cash to low-income...
By The Financial District
- Mar 23
- 1 min
2 Major European Banks Seek Support
Two major European banks are examining scenarios of contagion in the region and are looking to the Federal Reserve and the ECB for...
By The Financial District
- Mar 23
- 1 min
Credit Suisse: Holders Of $17-B Bonds Will Get Zero
Credit Suisse said 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will be written down to zero on the orders of...
By The Financial District
- Mar 22
- 2 min
PSE Index In Minimal Rise
The Philippine Stock Exchange (PSE) index today rose minimally by 15.52 points or 0.24 percent to 6,546.27 points as the global banking...
By The Financial District
- Mar 22
- 2 min
Jamie Dimon To Benefit Most From Banking Crisis
Former Silicon Valley Bank (SVB) CEO Greg Becker sold $3.6 million worth of shares on February 27, just days before the bank disclosed a...
By The Financial District
- Mar 22
- 1 min
UBS In Talks To Acquire Stake In Credit Suisse
Banking giant UBS is in discussions to take over all or parts of Credit Suisse, with the boards of Switzerland’s two biggest lenders set...
By The Financial District
- Mar 22
- 1 min
PacWest Reels As Withdrawals Swamp Bank
Pacific Western Bank (PacWest), a unit of PacWest Bankcorp., said on Friday (Saturday, Mar. 18, 2023, in Manila) it had witnessed...
By The Financial District
- Mar 22
- 2 min
ADB Readies New Country Strategy For PH
The Asian Development Bank (ADB) is preparing to update its country strategy for the Philippines, and is looking to provide $3.5 billion...
By The Financial District
- Mar 22
- 1 min
NY Community Bank Gobbles Up Signature Bank
New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal.
By The Financial District
- Mar 21
- 1 min
“Rich Dad Poor Dad” Author Kiyosaki Flubs Claim On Credit Suisse Collapse
Robert Kiyosaki, author of the bestselling book “Rich Dad Poor Dad” and one of the best-known US financial gurus, is predicting that...
By The Financial District
- Mar 21
- 2 min
Inefficient Markets Hypothesis Back In Fashion: Analyst
The US Federal Reserve joined other institutions to rescue Silicon Valley Bank’s account holders after it collapsed.
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