Press Association
FTSE drops heavily after Credit Suisse rescue deal fails to calm markets
The FTSE 100 lost close to 2% of its value on Monday morning after Swiss authorities announced they had secured a rescue deal for Credit Suisse. London’s top index fell by as much as 129 points shortly after the markets opened, led lower...
Press Association
Latest Meta jobs losses in Ireland will be ‘relatively small’, Taoiseach says
The latest round of job cuts by tech giant Meta will result in a “relatively small” number of redundancies at its Irish operations, the Taoiseach has said. Leo Varadkar expressed sympathy with those set to lose their jobs but he insisted...
Bloomberg
There's No Chance for a Pivot From the Fed: DWS's Taylor
"There is no chance for a pivot from the Fed." Sean Taylor, APAC chief investment officer at DWS, discusses the divergence of policies between the Federal Reserve and the ECB and his outlook for Fed policy. He speaks on Bloomberg...
Bloomberg
Hendry Says Time Is Now To Own Ultra Long Treasuries
Hugh Hendry, Eclectica Macro Founder, told Alix Steel and Guy Johnson the time is now to own ultra long treasuries. Hendry said this Thursday morning on "Bloomberg Markets: Americas."
Bloomberg
Bank Failures Will Hurt Industry Earnings: Yokum
Alexander Yokum of CFRA talks about the impact of regional bank failures on earnings for the industry. He's on "Bloomberg The Open."
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Bloomberg
Columbia University's Mosser on Fed Rate Hike
Patricia Mosser, Director of the MPA Program in Economic Management at Columbia University, discusses her outlook for Federal Reserve policy as the central bank hikes rate by a quarter percentage point. She speaks with Kathleen Hays,...
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
Fed's Powell on Recent Bank Crisis: 'We're on the Case'
"Many, many banks are now attending to liquidity," Federal Reserve Chair Jerome Powell says during a news conference after the Fed raised interest rates by a quarter percentage point and hinted it may be the final move.
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Bloomberg
"They Have to Raise the Debt Ceiling": Holtz-Eakin
Douglas Holtz-Eakin, American Action Forum President, gives his remarks on the upcoming debt ceiling meeting between the President, and leaders of the Senate and the House. He also discusses Pacific Western Bank weighing strategic...
Bloomberg
Lisa's Market Movers: Top Moving Stocks This Morning 5/3
Bloomberg's Lisa Abramowicz reports the top moving stocks this morning: PacWest Bancorp, Western Alliance Bancorp and Metropolitan Bank Holding.
Bloomberg
HSBC CEO On Buybacks, Cost-Cutting, Banking Turmoil
HSBC Holdings will buy back as much as $2 billion of stock as the Asia-focused lender announced a fresh plan to return money to shareholders after reporting first-quarter results that beat estimates. Speaking exclusively to Bloomberg,...
Bloomberg
HSBC CEO Quinn Says SVB UK Will Form Core of New Global Tech Unit
HSBC Holdings Plc Chief Executive Officer Noel Quinn says the bank's takeover of the British arm of Silicon Valley Bank would provide the basis for a new global technology business. He speaks with Manus Cranny on "Bloomberg Daybreak:...
Bloomberg
Dimon and JPMorgan Win Bidding War for First Republic
JPMorgan wins the bidding war to buy First Republic Bank. Bloomberg's Sonali Basak reports.
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Bloomberg
BNY Mellon CEO Says This Chapter of Bank Turmoil Is Resolved
Bank of New York Mellon Corp. Chief Executive Officer Robin Vince discusses the state of the US banking industry, his firm's strategy, and the outlook for the economy. He speaks on the sidelines of the Milken Institute Global Conference...
Bloomberg
Apollo's CEO on Real Estate, Banks, Markets
Apollo Global Management CEO & Co-Founder Marc Rowan says the recent US regional banking crisis will cause a "second wave" of losses in the commercial real estate market. He also discusses the banking sector and believes big banks are...
Bloomberg
Federal Reserve Expected to Raise Rates by 25 BPS
The Fed is expected to raise rates again this week by 25 basis points. That would be the 10the straight increase since March of last year. Bloomberg's Mike McKee reports on what Wall Street is expecting.
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Bloomberg
Biden: Taxpayers Aren't On the Hook for First Republic
President Joe Biden says JPMorgan buying First Republic is good for the US banking system and protects taxpayers. He spoke at the White House.
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Bloomberg
First Republic Bank to Be Sold to JPMorgan
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. Manus Cranny reports on Bloomberg Television.
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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
Former FDIC Chair on First Republic Meltdown
Former FDIC Chairman Bill Isaac discusses reports that the FDIC may place First Republic Bank under receivership, and talks about the report the Federal Reserve put out on the collapse of Silicon Valley Bank. Isaac speaks with Annmarie...
Bloomberg
First Republic Shares Plunge to Record Low
First Republic Bank plunged to a record low as investors sorted through rescue scenarios, none of which is likely to be good for current shareholders. Bloomberg's Sonali Basak reports.
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Bloomberg
Markets in 3 Minutes: Market Won't Stick With Dovish BOJ Story
Mark Cudmore and Anna Edwards break down today's key themes for analysts and investors on "Bloomberg Markets: Europe."
Bloomberg
First Look With Surveillance: AI Impact, Debt Ceiling
Anna Edwards and Matt Miller take you through what to watch today.
Bloomberg
Swedbank CEO Says Completion for Savings, Lending Increased
Swedbank AB Chief Executive Officer Jens Henriksson discusses the lender's financial results, prospects and strategy. Swedbank joined fellow Swedish peers SEB AB and Svenska Handelsbanken AB by delivering better-than-expected net income...