This ominous trend spells a hard landing for economy
Investors may want to brace for a hard landing. According to the Economic Cycle Research Institute, the recent bank failures...
Banks
House lawmakers tear into top bank regulators in second hearing this week on SVB collapse
House lawmakers tore into top U.S. bank regulators Wednesday, questioning their competency and saying examiners were asleep at the wheel,...
‘Call of duty’: With Sergio Ermotti, Switzerland gets a cost-cutting local to restore its reputation
Sergio Ermotti, chief executive officer of UBS Group AG.Stefan Wermuth | Bloomberg | Getty ImagesIncoming UBS CEO Sergio Ermotti on...
UBS names Sergio Ermotti as its new Group CEO, following acquisition deal of Credit Suisse
Signage at the UBS flagship office in New York, US, on Tuesday, March 21, 2023.Bloomberg | Bloomberg | Getty ImagesUBS named...
Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan...
Senate committee questions federal regulators over US bank crisis
A leading official from the United States Federal Reserve has testified that Silicon Valley Bank (SVB) failed to address vulnerabilities...
SVB customers tried to withdraw nearly all the bank’s deposits over two days, Fed’s Barr testifies
Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee...
Asia is an area of certainty amid global volatility, says China’s Boao Forum outlook
Asia, especially China, is an area of certainty amid global uncertainty, according to an annual economic outlook report released Tuesday...
This is not another banking crisis, analysts say — it’s ‘sentiment contagion’ instead
A slogan is written on the sidewalk in front of the global headquarters of Swiss bank Credit Suisse the day...
Fed’s Barr calls Silicon Valley Bank failure a ‘textbook case of mismanagement’
The Federal Reserve's top banking regulator said Monday that the failure of Silicon Valley Bank was due largely to mismanagement,...