The major American banks will be facing the Federal Reserve’s annual stress tests this week, to see if they have enough capital in a potential crisis to make the grade. Despite the recent bank crisis this year, the lenders are are believed to have enough capital to weather a severe economic downturn., say analysts, but investor…
Top US Lenders to Face Fed’s Annual Stress Tests This Week
June 26, 2023
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Bank Executive Pay Could Be Seized for Failures Under Senate Bill Proposal
June 16, 2023
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The Senate Banking Committee will consider a bipartisan bill that would allow government regulators to seize compensation from executives deemed responsible for a bank failure. The committee’s chairman, Sen. Sherrod Brown (D-Ohio), and Sen Tim Scott (R-S.C.), the panel’s ranking Republican, came to a deal on June 16 after a wave of regional bank failures…
Several Federal Reserve Officials Mull 11th Round of Rate Hikes
May 23, 2023
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Several Federal Reserve officials are open to at least one more interest rate hike in the coming months to cool inflation. Several top policymakers have publicly spoken in favor of returning to the hawkish policy of the previous year at the next meeting in June, reported Fox Business. However, the central bank has come under increasing…
Yellen Warns Bank Executives of ‘Severe Consequences’ of Default
May 18, 2023
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Treasury Secretary Janet Yellen met with more than two dozen CEOs and executives at a meeting convened by the Bank Policy Institute (BPI) to discuss the debt ceiling and the state of the economy and banking system. Yellen reiterated her public position that the U.S. banking system is sound and resilient, alluding to its high…
Western Alliance Bank Shares Plunge, Denies Looking for Buyer Amid Banking Sector Turmoil
Western Alliance Bancorp has said Thursday there’s no truth to reports that it’s exploring a possible sale of some or all of its business as shares of the bank plunged 45 percent in early trading, before clawing back some of the losses, which comes amid a broader regional bank stock rout. In a statement Thursday,…
Regional Bank Crisis Is ‘More Serious’ Than We Understand: Ex-Fed President Kaplan
May 3, 2023
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Former Federal Reserve Bank of Dallas President Robert Kaplan said that the regional banking crisis may be more serious than commonly believed and called for the central bank to pause its rate hiking cycle to give policymakers more time to address the risks. Kaplan made the remarks in an interview on Bloomberg TV, in which…
ANALYSIS: How the Current Banking Crisis Is Different From the Financial Crisis of 2008
May 2, 2023
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News Analysis As the current banking crisis spreads, with First Republic Bank becoming the third major U.S. bank failure of 2023, many are now seeing echoes of what has come to be known as the “Great Financial Crisis” of 2008–09. First Republic’s slow-motion collapse and ultimate acquisition by JPMorgan Chase on May 1 follows the…
ANALYSIS: How the Current Banking Crisis Differs From the Financial Crisis of 2008
May 2, 2023
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bank crisisBusiness & MarketsCompanieseconomic policieseconomyFederal ReserveFirst Republic BankInvestmentpersonal financerecessionSignature BankSilicon Valley Bank CollapseUS
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News Analysis As the current banking crisis spreads, with First Republic Bank becoming the third major U.S. bank failure of 2023, many are now seeing echoes of what has come to be known as the “Great Financial Crisis” of 2008–09. First Republic’s slow-motion collapse and ultimate acquisition by JPMorgan Chase on May 1 follows the…
ANALYSIS: Comparing Today’s Banking Crisis to the 2008 Meltdown
May 2, 2023
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News Analysis As the current banking crisis spreads, with First Republic Bank becoming the third major U.S. bank failure of 2023, many are now seeing echoes of what has come to be known as the “Great Financial Crisis” of 2008–09. First Republic’s slow-motion collapse and ultimate acquisition by JPMorgan Chase on May 1 follows the…
US Firms Positioned to Withstand Tougher Lending Conditions, Says Goldman Sachs
April 21, 2023
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Goldman Sachs Group still believes that American companies are positioned to withstand tougher lending conditions caused by the latest bank crisis. The investment bank said that U.S.-based firms are less reliant on banks for capital, compared with their peers overseas, reported Bloomberg. A tightening of loan conditions could have a smaller impact for the banking…
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