Marketmind: What Powell Giveth, Yellen Taketh
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Asian open…
March 22, 2023
Bank Deposits Have Stabilized In Last Week, Powell Says
(Reuters) – Deposit flows in the U.S. banking system have stabilized in the last week after a historic run on…
SEC Sues Justin Sun, Others Over Illegal Crypto Sales
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Wednesday sued Chinese cryptocurrency entrepreneur Justin Sun, accusing him…
U.S. Fed Delivers Small Rate Hike Amid Global Banking Turmoil
By Howard Schneider, Yoruk Bahceli and Akriti Sharma (Reuters) – The Federal Reserve on Wednesday raised interest rates by a…
GameStop’s surprise profit triggers short squeeze, meme stocks rally
By Medha Singh (Reuters) -Meme stock GameStop Corp surged nearly 41% on Wednesday as the video game retailer’s first profitable…
U.S. Board Finds Problems With Safety Devices On Train That Derailed In Ohio
By David Shepardson WASHINGTON (Reuters) – A U.S. safety board said on Tuesday it found anomalies in pressure relief devices…
First Republic Could Rally If FDIC Insures Deposits -analyst
By Tatiana Bautzer and Chris Prentice NEW YORK (Reuters) – As beleaguered First Republic Bank considers its options, analysts at…
Pacific Western Bank Raises $1.4 Billion, Says Deposits Have Stabilized
By Manya Saini and Jaiveer Shekhawat (Reuters) – Pacific Western Bank has raised $1.4 billion from investment firm Atlas SP…
Exclusive-Republican U.S. Senator Rick Scott, Democrat Warren Unveil Fed Oversight Bill
By David Morgan WASHINGTON (Reuters) – A conservative Republican and a progressive Democrat in the U.S. Senate are introducing legislation…
Analysis-Credit Suisse collapse threatens Switzerland’s wealth management crown
By John Revill ZURICH (Reuters) – The fall of Credit Suisse has dealt a serious blow to Switzerland’s credentials as…