Blog Small Slider

Bank Slide Deepens As SVB Contagion Fear Rattles Markets 0

Asia’s share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a U.S. banking crisis had investors fleeing the sector and slashing the interest rate outlook even ahead of U.S. inflation data due later in the day. Japan’s Nikkei dropped 2%. The Tokyo Stock Exchange banks index fell more than

Gold Prices Surge As U.S. Bank Woes Taper Rate Hike Expectations 0

Gold prices hit a one-month high on Monday, recovering sharply from recent losses as markets bet that a burgeoning banking crisis in the U.S. will push the Federal Reserve into softening its hawkish rhetoric in the coming days. The dollar fell sharply against a basket of currencies, while an inversion in the yield curve lessened

Oil Prices Rise On Weak Dollar As Markets Price in Less Hawkish Fed 0

Oil prices rose slightly on Monday as a brewing banking crisis in the U.S. spurred expectations that the Federal Reserve will soften its hawkish rhetoric in the coming months, although caution still persisted over a potential economic fallout. Oil markets benefited from weakness in the dollar, after the Fed and other U.S. regulators intervened over

Silicon Valley Bank is Largest Failure Since 2008 Crisis, Billions Stranded 0
- Uncategorized
- March 11, 2023
Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded. California banking regulators closed the bank, which did business as Silicon Valley Bank, on Friday and appointed the Federal
READ MORE
Dollar Edges Lower Ahead of Payrolls; yen Weakens After BOJ Stands pat 0
- Uncategorized
- March 10, 2023
The U.S. dollar edged lower in early European trade Friday ahead of the key monthly jobs report, and the yen weakened after the Bank of Japan retained its ultra-dovish stance. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 105.125, but
READ MORE
Silvergate’s planned liquidation fuels another crypto rout 0
- Uncategorized
- March 10, 2023
one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily Shares of crypto-related companies fell on Thursday, as the bank’s collapse sparked a crisis of confidence in the industry. Silvergate shares were down 26% while peer Signature Bank (NASDAQ:SBNY) and former Silvergate partner
READ MORE

All Posts

Latest Posts

Top Authors

EDITOR

ADMINISTRATOR

EDITOR

About PressRoom

PressRoom Ltd.

Phone & Fax

Get In Touch With Us

Latest Posts

Latest Galleries