Bloomberg
Bair: FDIC Bailouts Can't be on a One-Off Basis
Sheila Bair, Center for Financial Stability Senior Fellow and former FDIC Chair, talks about the rescue of failing banks in the US. She speaks on "Bloomberg Markets: The Close."
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Yellen: Americans Can Feel Confident in Bank Deposits
"This week's actions demonstrate our resolute commitment to ensure that our financial system remains strong, and that depositors' savings remain safe." Treasury Secretary Janet Yellen discusses steps taken by the US government to...
Bloomberg
Pimco's Clarida Sees US Recession as 'Certainly More Likely'
Richard Clarida, global economic advisor at Pacific Investment Management Co. (Pimco), says the odds of a hard landing for the US economy "certainly have" gone up and discusses the impact of higher interest rates on bank lending on...
Bloomberg
US Tries to Orchestrate Rescue of First Republic Bank
The US government is trying to orchestrate a rescue of First Republic Bank with the aid of the nation's biggest banks, according to people with knowledge of the matter, after the California lender's shares plunged. Bloomberg's Ed Ludlow...
Bloomberg
Credit Suisse Crisis: What Comes Next?
In an effort to stem a crisis of confidence that send shockwaves through the global financial system, Credit Suisse tapped the Swiss National Bank for as much as 50 billion francs ($54 billion). Bloomberg's Francine Lacqua reports on...
Bloomberg
Why a Credit Suisse-UBS Merger Would Not Work
Michael Kunz, senior equity analyst at Luzerner Kantonalbank, says of a potential merger of Credit Suisse Group AG and UBS Group AG, "the complexity of the merger is just too large to be surmounted." He speaks with Tom Keene on...
Bloomberg
Credit Suisse Crisis Ignites Market Turmoil
As Credit Suisse Group AG's crisis deepens, Bloomberg Television guests weigh on the potential fallout and whether it could be too big to bail out.
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25 Bps Hike by Fed Next Week 'Right Way to Go,' Manulife IM Says
Sue Trinh, co-head of global macro strategy at Manulife Investment Management, discusses the collapse of Silicon Valley Bank, Federal Reserve policy, the US dollar and the implications for financial markets. She also talks about China's...
Bloomberg
Credit Suisse Takes Action to Strengthen Liquidity
Credit Suisse said it's planning to borrow from the Swiss National Bank up to CHF50 billion under a covered loan facility. Adam Haigh and Kathleen Hays report on Bloomberg Television.
Bloomberg
Former US Sen. Pat Toomey (R) Pennsylvania on SVB and Crisis at Credit Suisse
Former US Senator Pat Toomey (R) Pennsylvania discusses the collapse of Silicon Valley Bank and the crisis at Credit Suisse. Toomey also talks on Senator Elizabeth Warren's comment to "Make Banking More Boring Again." He speaks with...
Bloomberg
Calstrs Ailman on Banking Exposure, ECB Decision
Christopher J. Ailman, chief investment officer of Calstrs, talks about the pension fund's exposure to the banking sector. He also says the European Central Bank will raise rates by 50 basis points on Thursday. He is on "Bloomberg...
Bloomberg
Credit Suisse in Crisis: Can It Survive?
Shares of Credit Suisse dropped 24% Wednesday hitting a new low. The Swiss bank is in the middle of a complex plan to return to profitability. Investors react to the biggest ever one-day selloff on Bloomberg Television.
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Bloomberg
Credit Suisse Turmoil
The cost of credit derivatives linked to Credit Suisse Group AG are blowing out to levels reminiscent of the financial panic of 2008 after the lender's biggest shareholder said it doesn't want to boost its stake. The company's share...
Bloomberg
Rep. French Hill (R) Arkansas on the Collapse of SVB, Crisis at Credit Suisse
Rep. French Hill (R) Arkansas discusses the collapse of SVB and the crisis at Credit Suisse, along with what the Fed should do. He speaks with Annmarie Hordern and Joe Mathieu on Bloomberg's "Balance of Power."
Bloomberg
HSBC Cuts Some Bankers' Pay by 25% Ahead of Bonus Reform
HSBC Holdings Plc is slashing base pay for some newly-promoted senior investment bankers in the UK by a quarter before a rule change that would allow higher bonuses comes into place. Michael Moore has the details on Bloomberg...
Bloomberg
BofA Gains More Than $15 Billion in Deposits After SVB Fails
Bank of America Corp. emerged as one of the big winners after the collapse of Silicon Valley Bank and two smaller banks, getting more than $15 billion in new deposits in a matter of days. Michael Moore reports on Bloomberg...
Bloomberg
Credit Suisse Latest: Shares Sink to a New Record Low
Credit Suisse Group AG shares hit a record low on Wednesday after the bank's top shareholder ruled out investing any more in the troubled Swiss bank. Jan-Patrick Barnert reports on Bloomberg Television.
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JPM's Michele Sees 'Washing Out' Ahead for Markets
Bob Michele, JPMorgan Asset Management CIO and global head of fixed income, says recession is inevitable and investors should be disturbed that the problems being seen now are in investment grade banks during an interview with Jonathan...
Bloomberg
US Banks Head Lower After Credit Suisse Plunge
Stocks of major US lenders sank at the open, following European banks lower as Credit Suisse Group AG plunged by a record. Regional banks are also dropping. First Republic Bank was downgraded to junk by S&P. Kailey Leinz reports....
Bloomberg
Fed Should Stay on Course to Raise Rates: Morgan Stanley
Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, says the Federal Reserve should "stay the course" on fighting inflation as the current situation with banks is different from 2007 and 2008. She speaks on...
Bloomberg
Blinder Concerned About Systemic Problem With Banks
Former Federal Reserve Vice Chair Alan Blinder, a professor of economics at Princeton University, says he's worried about possible contagion from central banks tightening policy during an interview on "Bloomberg Markets."
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Bloomberg
Markets in 3 Minutes: SVB's Impact on Fed; Stocks to Trade Lower
Mark Cudmore and Anna Edwards break down today's key themes for analysts and investors on "Bloomberg Markets Europe."
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Still Seeing Potential for More Fed Hikes to Come: Kotecha
Mitul Kotecha, head of EM Strategy at TD Securities, discusses Federal Reserve policy following the collapse of Silicon Valley Bank, liquidity in markets and US inflation. He speaks on Bloomberg Television.
Bloomberg
O'Hanley: Rating Action on US Banks Is An Overreaction
Ron O'Hanley, Chairman and CEO, State Street discusses Moody's cutting its outlook on US lenders, the fallout from the Silicon Valley Bank collapse and rising interest rates. He speaks exclusively with Bloomberg TV's Yousef Gamal El-Din...