US weighs new fund to backstop deposits if more banks fail, Bloomberg News says
March 11 (Reuters) - The U.S. Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a...
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UK finance minister, Bank of England working to minimise SVB fallout
LONDON, March 11 (Reuters) - Britain's finance ministry and the Bank of England are working together to minimise the disruption...
Silicon Valley Bank is largest failure since 2008 crisis, billions stranded
California regulator closes SVB, appoints FDIC as receiverSVB focused on lending to start-ups; branches to reopen MondayFDIC to sell bank...
Analysis: Declining U.S. bank reserves add wrinkle to contentious debt ceiling issue
NEW YORK, March 10 (Reuters) - A rapid fall in bank reserves held at the Federal Reserve, coinciding with an...
South African stocks fall as bank jitters hit global markets
JOHANNESBURG, March 10 (Reuters) - Shares on the Johannesburg Stock Exchange fell on Friday as a sell-off in banking stocks...
Europe’s lenders sucked into global banks rout
Europe's banks suffer worst day in nine monthsSelloff began in U.S. after tech lender SVB's capital raiseLONDON/FRANKFURT, March 10 (Reuters)...
Lithuania aims to raise $539 mln from temporary windfall tax on banks
VILNIUS, March 9 (Reuters) - Lithuania's finance minister proposed on Thursday a temporary windfall tax on bank profits, aiming to...
Fed’s Powell sets the table for higher and possibly faster rate hikes
WASHINGTON, March 7 (Reuters) - The Federal Reserve will likely need to raise interest rates more than expected in response...
Investors pulled $1.2 bln from UK equity funds in February – Calastone
LONDON, March 7 (Reuters) - Investors pulled 962 million pounds ($1.16 billion) from UK-focused equity funds in February, the third-largest...
Bank of America CEO sees U.S. technical recession in 3rd qtr
SYDNEY, March 7 (Reuters) - Bank of America (BAC.N) Chief Executive Officer Brian Moynihan said on Tuesday the U.S. economy...
