Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from Interest Rates

Bank fail: How rising interest rates paved the way for Silicon Valley Bank's collapse

Silicon Valley Bank invested billions of dollars in super safe U.S. government bonds. But that choice exposed to the bank to a whole other set of risks.

WEKU

Elon Musk Makes Damning Accusation Against Banks

Billionaire Tesla CEO accuses banks of being incompetent to manage their own investments that often amount to hundreds of billions.

The Street

OECD Hikes Global Growth Forecast for 2023, 2024

The global economic outlook has improved from a few months ago as the inflation shock eases but rising interest rates will keep risks high, the OECD said on Friday, hiking its growth forecasts for major economies. After growth last year of 3.2%, the world economy is on course to expand…

Asharq Al-Awsat

From analysis to the latest developments in health,
read the most diverse news in one place.

The collapse of major US banks leads to bills calling for more regulation

When Silicon Valley and Signature banks failed in early March 2023, government regulators rushed in to guarantee deposits and protect bank customers. Under current banking regulations, though, there was no obligation for the government to step in.

The Conversation

Interest rate risk: SVB's nemesis a well-known foe in banking

New York (AFP) - Among the mysteries surrounding the collapse of Silicon Valley Bank, finance experts have fixated on the California lender's failure to practice basic risk management.

AFP

Cost of mortgage goes up by €1,000 overnight amid calls for support for hard-pressed homeowners

The bad news will follow for fixed and variable rate customers too as the main banks always pass the increase down the line

Irish Mirror

The European Central Bank seems to have got away with raising interest rates in the middle of a banking crisis – here's why

In the middle of a market panic that has felled two US banks and pushed several others to the brink, the European Central Bank (ECB) has raised interest rates by another 0.5 percentage points. The ECB’s president, Christine Lagarde, had been warning this was necessary to bring eurozone inflation back…

The Conversation

Read news from The Economist, FT, and more,
with one subscription

Why did the $212bn tech-lender Silicon Valley bank abruptly collapse?

Was it the result of Trump-era regulation rollbacks, risk mismanagement at the bank, sharp interest rate rises – or a combination of all three?

The Guardian - US

What is happening in financial markets and could there be a global crisis?

Banking system is reeling from a series of shocks but is in better shape than at time of 2008 crash

The Guardian - UK

The Week Ahead: The Federal Reserve’s dual mandate balancing act with its other big responsibility

The Federal Reserve’s dual mandate for monetary policy says nothing explicit about stabilizing the banking system or shoring up Americans’ confidence in their financial institutions. The central bank has two goals when setting interest rates: maximum employment and stable prices.

Miami Herald

First Republic gets $30 billion lifeline from major US banks

In an effort to stave off contagion, 11 of the largest American banks have injected a total of $30 billion into First Republic, a regional bank based in San Francisco that's been struggling amid this week's turmoil in the financial sector. We take a closer look. Meanwhile, the European Central…

France 24

Editorial: The Fed needs to keep hiking despite SVB turmoil

Last week, after hawkish testimony from Federal Reserve Chair Jerome Powell, markets penciled in a half-point increase in interest rates following the central bank’s next policy meeting. On Friday, the run on Silicon Valley Bank and subsequent fears of a wider crisis changed many investors’ minds. Some bet that the…

Tribune News Service

Friday briefing: How to understand Credit Suisse, Silicon Valley Bank and fears of a new crisis

In today’s newsletter: We’re far from financial crisis territory, but share crashes have caused some fright in the markets. This is why

The Guardian - UK

US banks flock to Federal Reserve highlighting 'scale of stress in US banking system'

First Republic is the fourth bank in a week to show signs of financial distress. What does this mean for Australian interest rates – and mortgages?

ABC News

Get all your
news in one place.

100’s of premium titles.
One news app.

The New Daily

Westpac urges RBA interest rates pause as major banks hike rates

The Reserve Bank is tipped to pause its record-breaking run of interest rate hikes in April as the economy slows faster than expected.

Irish Mirror

Homeowners with tracker mortgage will pay €1,000 more a year after ECB hike

An average mortgage of €300,000 for 25 years will see their bills rise by an extra €960, €80 a month, because of the hike

France 24

ECB hikes interest rates despite banking turmoil

The European Central Bank has raised key interest rates by 0.5%, despite recent turmoil in the banking sector. John Leer, chief economist at Morning Consult, said he expects most central banks to stay the course as they fight high inflation – and that could affect more lenders. "As interest rates…

Irish Mirror

Taoiseach Leo Varadkar says banks 'can’t have it both ways' after ECB rate hike

Speaking in Washington DC, Mr Varadkar ruled out reintroducing mortgage interest relief to help Irish customers who are facing higher mortgage payments in the coming weeks and months

Get all your
news in one place.

100’s of premium titles.
One news app.

Bangkok Post

GH Bank vows steady interest rates

Government Housing (GH) Bank plans to keep its mortgage interest rates steady until the middle of this year after a rate hike earlier this year, says president Chatchai Sirilai.

The Independent UK

Varadkar urges Irish banks to raise savings rates after ECB interest rate hike

Taoiseach Leo Varadkar said banks should not be increasing mortgage rates if they were not also going to increase savings rates.

Investors Business Daily

Federal Reserve Rate-Hike Odds Dive As Latest Bank Fix Has Holes; S&P 500 Falls

A Federal Reserve rate hike next week looks less likely as bank stocks and the broader S&P 500 resumed their fall on Friday.

ABC News

Credit Suisse and SVB banking crises are 'not a repeat of 2008'

The sudden collapse of Silicon Valley Bank and renewed crisis at Credit Suisse are raising fears of another global financial crisis, but most experts agree that we shouldn't worry too much … yet.

The Street

Credit Suisse Catches Its Breath. But for How Long?

The bank will borrow nearly $54 billion from the Swiss central bank (SNB) to bolster its liquidity. Credit Suisse shares rebounded nearly 23%.

Radio France Internationale

Global banking concerns shift from US to Europe amid Credit Suisse bailout

Swiss bank Credit Suisse said it would borrow up to 50 billion francs from the Swiss central bank to shore up liquidity and boost investor confidence, as the collapse of two banks in the United States last week raises concerns about the health of global banks in the face of…

The Street

Credit Suisse Finds a Lifeline at Home

The bank will borrow nearly $54 billion from the Swiss central bank (SNB) to bolster its liquidity. Credit Suisse shares rebounded nearly 23%.

1 … 128 129 130 131

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

the European Central Bank

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.