Jobless claims increase more than expected to their highest since October 2021
First-time jobless claims rose sharply last week in a potential sign that the labor market is softening up after more…
Fed Governor Waller casts doubt on need to conduct climate change tests for banks
Federal Reserve Governor Christopher Waller on Thursday cast doubt on the need for special focus on how banks are preparing…
Lawmakers led by Democrats urge the Fed to halt rate hikes ahead of Wednesday’s announcement
WASHINGTON — A group led by several prominent Democratic lawmakers is calling on the Federal Reserve to halt rate hikes…
Singapore’s largest lender expects net interest margins will decline, but sees other growth drivers
Singapore’s largest lender DBS Group Holdings expects net interest income to taper off in the future, but the bank is…
Market may ignore recession for first time since 1945, RBC’s top strategist Lori Calvasina finds
Wall Street may be ripping a page out of the post-WWII era. According to RBC Capital Markets’ Lori Calvasina, stocks…
Outlook for credit access hits record low while inflation expectations jump, NY Fed survey shows
Consumers are getting more pessimistic about inflation and their access to credit, according to the results of a monthly survey…
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…
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…
Nearly $100 billion in deposits pulled from banks; officials call system ‘sound and resilient’
Regulators again assured the public that the banking system is safe, as fresh data showed customers recently pulled nearly $100…
The Fed forecasts just one more rate hike this year
The Federal Reserve will hike interest rates just one more time in 2023 before the central bank ends its inflation…
