Swiss regulators announced that UBS, Switzerland’s largest bank, would take over the troubled Credit Suisse.
Category: Federal Reserve System
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Federal Reserve and Global Central Banks Act to Shore Up Dollar Access
America’s central bank and its counterparts around the world are rushing to cushion markets against the impact of bank problems.
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Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems
The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.
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The Week in Business: A Banking Crisis
Meta conducts another round of layoffs. Fresh inflation data shows price increases remain stubborn. And TikTok’s C.E.O. will testify before Congress this week.
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Banking Crisis Hangs Over Economy, Rekindling Recession Fear
Borrowing could become tougher, a particular blow to small businesses — and a threat to the recovery’s staying power.
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Markets Worry First Republic and Other Banks Remain Under Pressure
The nation’s top lenders banded together to rescue First Republic Bank. But markets worry that regional institutions remain under pressure.
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What Are Markets Saying About the World?
Stocks, bonds and commodities markets are all sending different signals. While the S&P 500 actually rose this week, oil prices fell along with bond yields, signs that investors are worried about the economy.
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Fed Blocked Mention of Regulatory Flaws in Silicon Valley Bank Rescue
Federal government officials wanted a joint statement to include a reference to regulatory shortcomings that they believe helped lead to the bank’s demise.
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Low Rates Were Meant to Last. Without Them, Finance Is In for a Rough Ride.
Economists expected inflation and rates to stay low for years. With Silicon Valley Bank’s implosion, Wall Street is starting to reckon with how wrong that prediction has proved.
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Credit Suisse Shares Jump As Banking Backstops Go Global
Bank stocks recovered after Credit Suisse secured a $54 billion lifeline from Switzerland’s central bank.
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Goldman Sachs Eyes a Big Payout from Silicon Valley Bank Deal
The Wall Street giant is likely to be paid more than $100 million for its role in a bond purchase that ultimately failed to save the California bank from collapse.
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How Washington Decided to Rescue Silicon Valley Bank
Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds quickly.