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…
‘Be mindful of your risk’: Money manager tackles Silicon Valley Bank fallout on ETFs
There’s speculation the Silicon Valley Bank collapse could expose problems lurking in ETFs tied to specific sectors. Astoria Portfolio Advisors…
European Central Bank hikes rates despite market mayhem, pledges support if needed
The European Central Bank on Thursday announced a further rate hike of 50 basis points, signaling it is ready to…
Fed’s Powell heads to Capitol Hill this week, and he’s going to have his hands full
Federal Reserve Chairman Jerome Powell is set to appear before Congress with a tall task: Persuade legislators that he’s committed…
