The collapse of Silicon Valley Bank will not affect China's banking industry but has highlighted the importance for banks of adhering to their primary business, serving the real economy, balancing their asset-liability structure and steering clear of excessive liquidity risk, experts said. The bank ...
The possibility of an unforeseen, improbable “black swan” event such as a new bank failure/property crash has turned into a “gray” one, Eric Vanraes, head of fixed income asset management at the bank, told this news service. “One year ago, just after the collapse of SVB and other...
Experts: US bank collapse result of failure to adhere to core activities http://t.cn/A6COsl9m @中国日报
The latest bank collapse was followed by Treasury Secretary Janet Yellen warning that the US may not be able to meet its debt obligations “as early as June 1” if Congress does not raise the debt limit. “After reviewing recent federal tax receipts, our best estimate is that we w...
U.S. regulators made mistakes in failing to prevent the collapse of Silicon Valley Bank and other financial institutions, according to lawmakers in the European Union who believe this is also a moment for some self-assessment in Europe. Silvergate Capital, a bank focused on cryptocurrency, was ...
US regulators pulled the plug on Silicon Valley Bank on Friday in a spectacular move that sent global banking shares sputtering, as markets fretted over possible contagion from America's biggest banking failure since the ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russia has expanded the capacity of its shadow fleet of oil tankers despite western sanctions, and US bank stocks hit their highest level since before the collapse of Silicon Valley Bank on Friday, followin...
The assurances came as part of an expansive emergency lending program intended to prevent a wave of bank runs that would threaten the stability of the banking system and the economy as a whole. Meanwhile, the Bank of England and U.K. Treasury said early Monday that they had facilitated the...
Crude futures fell following Friday's SVB collapse and amid concerns of possible contagion. The Ice front-month May Brent contract was at $81.71/bl at 11:15am ET, down by $1.07/bl from its previous settlement. The Nymex front-month April WTI crude contract was at $75.61/bl, down by $...