Bloomberg
Korea's Top Financial Watchdog Vows to Stop Wider Loan Failures
The slump in South Korea's property market may lead to defaults on project-financing loans, but policymakers have put in place measures to cope following an unexpected credit crunch last year, according to the nation's financial watchdog...
Bloomberg
Brown Says Regulators Let Banks Get Too Big Too Fast
Senator Sherrod Brown, a Democrat from Ohio, says executives of failed banks need to pay the price. He speaks at a Senate hearing on the recent bank failures.
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Bloomberg
BOE's Bailey Sees Global Markets Testing Banks for Weakness
Bank of England Governor Andrew Bailey said the UK banking system remains in a "very strong position," and global markets are testing "quite a lot" of the banking sector for any signs of trouble after the failure of Silicon Valley Bank...
Bloomberg
Lisa's Market Movers: Top Moving Stocks This Morning 3/27
Bloomberg's Lisa Abramowicz reports the top moving stocks this morning: First Republic Bank, PacWest Bancorp, Western Alliance Bank and Deutsche Bank.
Bloomberg
Jamie Dimon Warns on Banking Crisis in Annual Letter
Sonali Basak reviews the key takeaways from JPMorgan CEO Jamie Dimon's annual letter to shareholders. In the letter, Dimon warned that the recent banking crisis will be felt for years and also commented on using AI, geopolitics and the...
Bloomberg
Regulators Created Wasteful Rules for Banks: Admati
Anat Admati, Stanford Graduate School of Business Professor, discusses her concerns surrounding the banking system and what regulators need to do to fix it. She speaks with David Westin and Romaine Bostick on "Wall Street Week...
Bloomberg
RBA Leaves Cash Rate Target Unchanged at 3.60%
Australia's central bank paused its almost yearlong tightening cycle on Tuesday, keeping the cash rate target unchanged at 3.60%. Stephen Carroll reports on Bloomberg Television.
Bloomberg
HSBC Executives Meet Local Investors in Hong Kong
HSBC's senior executives have faced off with a large Hong Kong investor base, pledging to keep up dividend payments and fending off calls to split off the bank's Asian operations. Nabila Ahmed reports on Bloomberg Television.
Bloomberg
Political Gaffes
This week we take a look at political gaffes, when a politician tells the truth some obvious truth that isn't supposed to be said.
Bloomberg
Post Mortem on the Banking Crisis
Tim Massad, Former CFTC Chairman breaks down whether we saw the banking crisis coming and if we received proper warnings. He also discusses why this was about bad bank management.
Bloomberg
Larry Summers Says Too Early' for All-Clear on US Financial Turmoil
ormer Treasury Secretary Lawrence Summers said it's too soon to be confident that the US has turned a corner on financial troubles that were sparked by the Federal Reserve's rapid interest-rate hikes.
"When you have a series of...
Bloomberg
SVB Failure Will Reap Big Changes, UM Professor Says
Erik Gordon, University of Michigan Ross School of Business Clinical Asst. Professor, talks about the challenges ahead for UBS CEO Sergio Ermotti and how the SVB failure will change the banking industry. He speaks with David Westin and...
Bloomberg
Yellen Says US Banking System Is Sound Amid SVB Crisis
"Our intervention was necessary to mitigate systemic risks and protect the broader US banking system," US Treasury Secretary Janet Yellen says during remarks at the annual NABE conference in Washington.
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Bloomberg
Banks Borrow Much Less From Fed Discount Window
Banks reduced their borrowings from two Federal Reserve backstop lending facilities in the most recent week, a sign that liquidity demand may be stabilizing. Bloomberg's Michael McKee reports.
Bloomberg
Bank of Korea Leaves Key Interest Rate Unchanged
The Bank of Korea kept its benchmark interest rate unchanged at 3.50%. Mark Cranfield reports on Bloomberg Television.
Bloomberg
Fallout for the Economy from the Banking Disruptions
Gillian Tett, Editor-at-Large for the Financial Times, and Chris Ailman, CALSTRTS CIO, weigh in on the March jobs report and the fallout from the banking disruptions.
Bloomberg
How the SVB Fallout Impacted Atomic Invest
Atomic Invest CEO David Dindi discusses money flows in the wake of the collapse of Silicon Valley Bank. He joins Bloomberg's Matt Miller and Dani Burger on "Surveillance: Early Edition."
Bloomberg
Switzerland to Cancel, Cut Top Credit Suisse Executives' Bonuses
The Swiss government is about to canceled or cut outstanding bonuses of top Credit Suisse Group AG executives following the state-backed takeover by UBS Group AG. Nabila Ahmed reports on Bloomberg Television.
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Bloomberg
Western Alliance Deposits Fell 11% in Q1 to $47.6B
Western Alliance "experienced elevated net deposit outflows surrounding the announcements of the Silicon Valley Bank and Signature Bank closures," the bank says in a filing. The bank said deposits fell 11% in the first quarter, a smaller...
Bloomberg
BlackRock's Watson Sees One More Fed Hike, Then Pause
Marilyn Watson, BlackRock's head of global fundamental fixed income strategy, says she expects the Federal Reserve to pause its policy-tightening strategy as US economic activity declines later this year. "We do expect economic activity...
Bloomberg
Why TD Bank Is the Most Shorted Bank in the World
Toronto-Dominion Bank is the most shorted bank in the world right now with roughly $3.7 billion on the line the line vis-à-vis Canada's second-largest lender, according to an analysis by S3 Partners. Mark Sebastian, found of Option Pit,...
Bloomberg
Credit Suisse Will No Longer Be Independent: UBS's Kelleher
UBS Group AG Chairman Colm Kelleher addresses the integration of Credit Suisse Group AG, saying, "it was an icon of the Swiss economy." Kelleher speaks at the UBS annual general meeting on Wednesday.
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Bloomberg
UBS Chairman's Top-Secret Prep for Credit Suisse Moment
UBS Group AG Chairman Colm Kelleher called on a small group of top advisers from his alma mater Morgan Stanley to ramp up contingency planning after clients pulled tens of billions of dollars from Credit Suisse Group AG. That move,...
Bloomberg
UBS Chair: Credit Suisse Integration to Take Up to 4 Years
UBS Group AG Chairman Colm Kelleher outlines the details and benefits of the integration of Credit Suisse Group AG at the UBS annual general meeting on Wednesday.
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