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Showing 21 - 30 of 1684 results for "Federal Reserve"

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... numerous business deposits originating from the same industry (technology) and region (US West Coast). As the Federal Reserve raised interest rates and funding costs surged, many tech start-ups that relied on Silicon Valley Bank struggled to secure funding ...

US CPI inflation rate stays stubbornly high

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
... 6.0%," Nugent said. However, core inflation met expectations at 0.4% month on month and 5.6% year on year. "For a Federal Reserve (Fed) that is looking for a string of better inflation data before declaring victory, market pricing still leans towards ...

Global X debuts US corporate bond ETF

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... in the US, driven by events like the Silicon Valley Bank collapse and persistent interest rate hikes from the Federal Reserve. "... many investors are consequently looking to bonds as a safe haven," he said. "Only a month ago, US 12-month treasuries ...

Rest switches up recruitment focus

ELIZABETH FRY  |  FRIDAY, 24 MAR 2023
Andrew Lill, the chief investment officer of $70 billion super fund Rest, says the role of a CIO is changing and not just because investment heads have to respond quickly to more volatile markets. Increasingly, investment chiefs must consider a range ...

US Fed hikes rates amid banking turmoil

ANDREW MCKEAN  |  THURSDAY, 23 MAR 2023
Amid banking turmoil, the US Federal Reserve announced a rate hike to combat inflation. Recent economic indicators revealed modest growth in US spending, production, and strong job gains, with low unemployment and persistent inflation concerns. As such ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... was intensified by the upheavals in the US banking market in March 2023." US Treasury Secretary Janet Yellen and Federal Reserve chair Jerome Powell showed their support for the new entity, which is expected to create a business with more than US$5 trillion. ...

Fink warns of "slow rolling crisis"

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
... aggressive fiscal policy since 2008, inflation has risen to the highest levels seen since the 1980s, with the Federal Reserve responding with close to 500 basis points in rate increases. This, he said, was the first domino to drop. "Bond markets were ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... and regulators are trying to understand what led to the second biggest bank crash in its history. Overnight the Federal Reserve board announced that vice chair for supervision Michael Barr is leading a review, of the supervision and regulation of SVB ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... Treasury will make available up to US$25 billion from the Exchange Stabilisation Fund as a backstop for the BTFP, the Federal Reserve said, though noted it does not expect it will be necessary to draw on the funds. "These actions will reduce stress across ...

US interest rates may go higher than expected: Powell

CASSANDRA BALDINI  |  THURSDAY, 9 MAR 2023
Interest rates may well be higher than previously anticipated following stronger economic data, said Federal Reserve chair Jerome Powell before the House Financial Services Committee. Providing testimony yesterday, Powell explained the Fed will continue ...