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.
Category: Inflation (Economics)
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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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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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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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Jobs Report Gives Fed a Mixed Signal Ahead of March Decision
The Federal Reserve is anxiously parsing incoming data as it decides between a small or a large rate move this month.
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With Wall St. Jumpy Again, the Jobs Report Could Offer Some Clarity
Investors keep flipping between worrying about the economy and seeing an end to the turmoil. The jobs report on Friday, and a report on inflation next week, might provide direction.
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The Fed’s Struggle With Inflation Has the Markets on Edge
The central bank’s success or failure will affect your wallet and, maybe, the next election, our columnist says.
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Here’s What the Fed Chair Said This Week, and Why It Matters
Jerome H. Powell, the Fed chair, opened the door to a more aggressive policy path — but emphasized that it depended on incoming data.
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Fed Chair Opens Door to Faster Rate Moves and a Higher Peak
In light of recent strong data, Jerome H. Powell said that the Federal Reserve is likely to raise rates higher than expected.
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Why the Federal Reserve Won’t Commit
Facing huge economic uncertainty, the Fed is keeping its options open. Jerome H. Powell, its chair, will most likely continue that approach on Tuesday.
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Why Companies Are Pushing Premium Products With Higher Prices
Companies are trying to maintain fat profits as the economy changes, making “premiumization” their new favorite buzzword.