Tag: Banks
JPMorgan bond chief Bob Michele sees worrying echoes 2008
The current market reminds Bob Michele, chief investment officer for JPMorgan Chase's massive asset management arm, of a deceptive lull during the 2008 financial...
Tarabut Gateway completes KSC Open Banking certification
UAE-based Open Banking platform Tarabut Gateway has announced that it has completed the KSA Open Banking certification and that it...
Worries linger about financial stability after bank rescue, Fed says
Federal Reserve in Washington, D.C.Wysiati | E+ | Getty ImagesBanking system pressures, real estate stress and persistent inflation top worries about financial stability, though...
SVB failure was caused by a banking — not tech —...
Anne Glover, CEO and co-founder of Amadeus Capital, said that the SVB crisis was caused by "utterly irresponsible" practices by Silicon Valley Bank and...
Short sellers made $7 billion in profit from banking turmoil: Ortex
The collapse of Silicon Valley Bank and the emergency rescue of Credit Suisse by domestic rival UBS headlined a chaotic March for the global...
Credit Suisse bondholders prepare lawsuit after AT1 bond writedown in UBS...
Swiss regulator FINMA announced that the AT1s, widely regarded as relatively risky investments, will be written down to zero, while stock investors will receive...
SVB fail is double-whammy for startups dealing with plunge in venture
Startup CEOs across the U.S. were already cutting costs and preserving cash before Silicon Valley Bank's failure created additional headaches.Exit activity for venture-backed startups...
Midsize banks seek unlimited FDIC backstop as bank run fears grow
A coalition of midsize U.S. banks is calling on the government to insure all deposits for the next two years, in the wake of...
Bank Failures Don’t Pose a Risk to the Economy or Financial...
Mary Callahan Erdoes burnished her reputation as a leader in the asset- and wealth-management industry during the financial crisis of 2008-09. It redefined Wall...