Explainer-How safe is my money in a U.S. bank and what is insured?
By Hannah Lang and Pete Schroeder (Reuters) – In the United States and many other countries, the government guarantees a…
March 2023
Citigroup CEO Says ‘this Is Not A Credit Crisis’ After U.S. Bank Failures
By Saeed Azhar and Lananh Nguyen (Reuters) -Citigroup Inc Chief Executive Officer Jane Fraser expressed confidence in the U.S. banking…
KB Home Expects Q2 Net Orders To Fall Amid Tough Year-ago Comparisons
(Reuters) – U.S. homebuilder KB Home said on Wednesday net orders in the first two-and-a-half weeks of the ongoing second…
Yellen promise on community bank deposits sparks relief in small-town America
By David Lawder and Douglas Gillison WASHINGTON (Reuters) -The brewing U.S. banking crisis seems far removed from the northeastern Vermont…
Fed’s Powell: SVB Management ‘failed Badly,’ Need Changes To Bank Oversight
By Ann Saphir (Reuters) -The management of Silicon Valley Bank “failed badly,” Federal Reserve Chair Jerome Powell said on Wednesday,…
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…
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…