San Francisco Fed leader Daly likely not a major player in SVB saga, officials say
San Francisco Fed President Mary Daly, whose district saw the second-largest bank failure in U.S. history and who has become…
Sen. Elizabeth Warren says she wants to make banking boring again
Sen. Elizabeth Warren wants banking to be “boring” again following the failures of Silicon Valley Bank and Signature Bank. “What…
It’s the U.S., not Europe’s banking system that’s a concern, top economists say
Europe learned its lessons after the financial crisis and is now in a strong position to weather further stress in…
‘Nationalizing bond markets’ left central banks unprepared for inflation, top HSBC economist says
The prolonged period of loose monetary policy after the global financial crisis equated to central banks “nationalizing bond markets,” and…
China’s banking troubles are not the same as Silicon Valley Bank, economist says
BO’AO, China — China’s small banks have problems — but they don’t carry the same risks as those exposed by…
Bank of America’s Andy Sieg is joining Citi as head of global wealth
Andy Sieg, a veteran of Merrill Lynch, is parting ways with Bank of America to join Citigroup. He will be…
Singapore’s banking authority says DBS outage was ‘unacceptable’
SINGAPORE — Shares of Southeast Asia’s largest bank DBS Group were down 1.4% on Thursday, a day after a 10-hour…
House lawmakers tear into top bank regulators in second hearing this week on SVB collapse
House lawmakers tore into top U.S. bank regulators Wednesday, questioning their competency and saying examiners were asleep at the wheel,…
‘Call of duty’: With Sergio Ermotti, Switzerland gets a cost-cutting local to restore its reputation
Incoming UBS CEO Sergio Ermotti on Wednesday said his return to the helm was “a call of duty,” as the…
