Bloomberg
UK Housing Crisis Looms as Some Mortgage Rates Triple
A housing affordability crisis is brewing in the UK, with more than 1.4 million homeowners forced to refinance their mortgages this year at significantly higher interest rates. Alice Kantor reports.
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Bloomberg
Jim Millstein Calls Regional Bank Stock Moves 'Unfair'
"The stress in the regional banking market today is really a function of the stock market," Guggenheim Securities Co-Chair Jim Millstein says during an interview with Sonali Basak and Romaine Bostick on "Bloomberg Markets: The...
Bloomberg
Bill Gross: Sell the Volatility in Regional Banks
"I think (regional banks) have stabilized to some extent," Pimco co-founder Bill Gross says during an interview on "Bloomberg ETF IQ."
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Bloomberg
Why Did First Republic Bank Fail So Badly?
Bloomberg Opinion contributor Kyla Scanlon explains why First Republic Bank failed so badly.
Bloomberg
Bank Issues Unlike Global Financial Crisis: Mike Gitlin
Mike Gitlin, Capital Group's global head of fixed income, says the recent banking issues do not feel like the global financial crisis of 2008 during an interview with Romaine Bostick on "Bloomberg Markets: The Close."
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Bloomberg
Australia's Banking Market Still in Good Shape: NAB CEO
"Australia's economy is running pretty well and the bank is running well." Ross McEwan, group chief executive officer at National Australia Bank Ltd., discusses quarterly earnings, Australia's banking sector and his outlook for the...
Bloomberg
Churchill Seeing 'Twice the Return' on Some Loans, Says Kencel
Churchill Asset Management President and CEO Ken Kencel says the opportunities in private credit are the "best they have ever been" with his firm's returns on some loans doubling over the past year. "We were doing those loans for 6%-7%...
Bloomberg
Fed Likely to Cut Rates Early 2024: Nuveen's Rodriguez
"A mild recession is likely to kick in early in 2024," Tony Rodriguez, Nuveen's head of fixed-income strategy, says during an interview with Jonathan Ferro on "Bloomberg The Open."
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Bloomberg
Regional Banks a Worry for Real Estate: Vistria's Anadu
Vistria Capital Senior Partner Margaret Anadu says the regional bank crisis is a concern for the real estate market during an interview with Sonali Basak at the Milken Institute Global Conference in Beverly Hills, California.
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Bloomberg
QI Research DiMartino Booth on Fed
QI Research CEO and Chief Strategist Danielle DiMartino Booth previews the upcoming FOMC policy meeting and Fed Chair Powell's press conference. She speaks with Yvonne Man on "Bloomberg Markets: China Open".
Bloomberg
Healthy for Fed to Delay Hike: StanChart's Englander
"Would be healthy for Fed to say we can stop, pay attention to the data, then decide if we go up down or sideways." Steven Englander, global G-10 FX research head at Standard Chartered, discusses the health of the banking sector, Federal...
Bloomberg
Guggenheim's Walsh Sees Vast Market for Private Credit
Guggenheim Partners Investment Management CIO Anne Walsh says she doesn't expect the recent regional bank crisis to become systemic during an interview with Romaine Bostick and Sonali Basak at the Milken Institute Global Conference in...
Bloomberg
JPMorgan to Acquire First Republic Bank
First Republic Bank was taken over by regulators and will be acquired by JPMorgan Chase & Co. after rescue efforts failed to undo the damage from wrong-way investments. Bloomberg Intelligence's Herman Chan has the details on Bloomberg...
Bloomberg
What the First Republic Acquisition Means for JPMorgan
Chris Marinac, director of research at Janney Montgomery Scott, examines JPMorgan Chase & Co.'s acquisition of First Republic Bank on "Bloomberg Surveillance."
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Bloomberg
First Republic Said to Face Potential Fed Borrowing Curb
US regulators are said to be weighing the prospect of downgrading the private assessments of First Republic Bank, a move that could curb the bank's access to the Federal Reserve's lending facilities. Katanga Johnson reports on Bloomberg...
Bloomberg
China Evergrande Extends Debt Plan Deadline After Support Falls Short
Embattled developer China Evergrande Group has extended a deadline for investors to vote on its restructuring plan after failing to win enough support for the massive overhaul. Evergrande says holders of more than 77% of its Class A...
Bloomberg
Workers Get Chance to Pay Down College Debt, But Need to Give Up Vacations
Feb.07 -- A new way to pay off college debt. Starting next year, the insurance company Unum Group will help pay loans for workers that give up vacation time. It's a new perk aimed at retaining top talent.
Bloomberg
Yellen: Prepared to Take Additional Actions on Deposits
US Treasury Secretary Janet Yellen tells US lawmakers that regulators would be prepared for further steps to protect deposits if warranted, in new language that differs from her prepared remarks to the Senate a day earlier. She speaks...
Bloomberg
Deposit Guarantees May Not Be Needed: Schwab's Jones
The recent banking issues can be resolved without deposit guarantees but "a lot of work has to go into it," Kathy Jones, Schwab Center for Financial Research's chief fixed income strategist, says during an interview with Jonathan Ferro...
Bloomberg
Schwab's Jones Expects 'Fairly' Quick Credit Tightening
Kathy Jones, Schwab Center for Financial Research's chief fixed income strategist, says most banks will be "cautious" going forward amid the recent banking turmoil during an interview with Jonathan Ferro on "Bloomberg The Open."
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Bloomberg
Powell Welcomes Outside Investigations of Failed Banks
Federal Reserve Chair Jay Powell says he welcomes an independent investigation of failed banks. He speaks in Washington.
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Marathon Bought Credit Suisse Debt Before UBS Takeover, CEO Richards Says
Marathon Asset Management Chair and CEO Bruce Richards says buying the short-term debt of Credit Suisse's operating company is the "biggest thing" his firm has done in the banking sector recently. "We avoided all the longer-term debt and...
Bloomberg
Patricof on How the SVB Crisis Impacts Venture Capital
Greycroft Chairman Emeritus Alan Patricof says it will take a while for the credit market to digest the fallout from the SVB collapse. He speaks with Alix Steel and Guy Johnson on "Bloomberg Markets."
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Bloomberg
Germany Backs Joint EU Debt for Energy Crisis Loans
German Chancellor Olaf Scholz will support joint issuance of European Union debt to help lessen the impact of the energy crisis if freshly raised funds are disbursed to struggling member states as loans instead of grants. Maria Tadeo...