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The Latest Breaking News from US Federal Reserve

Western stocks slide as bank fears return

LONDON: US and European stock markets fell on Friday as fears over the health of the banking system festered despite the latest efforts to shore up troubled lenders and tamp down contagion risks.

Bangkok Post

The Fed was too late on SVB even though it saw problem after problem

Just over a year before Silicon Valley Bank’s collapse threatened a generation of technology startups and their backers, the Federal Reserve Bank of San Francisco appointed a more senior team of examiners to assess the firm. They started calling out problem after problem.

Tribune News Service

3 Stocks You'll Thank Yourself Later for Buying in 2023

High-profile bank failures have exacerbated fresh volatility in the stock market. The central bank stands at policy crossroads, weighing recent strong economic data against jittery capital markets. Amid an uncertain market backdrop, it could be wise to invest in fundamentally sound stocks Honda (HMC), Ryerson (RYI), and AutoNation (AN) for…

StockNews.com

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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

4 Millionaire-Maker Stocks You Won't Regret Buying

Investor sentiment has been significantly affected due to the recent bank failures and concerns over the Fed’s forthcoming rate hike. With the end to the current market volatility not in sight, investors may consider buying fundamentally strong stocks, The Coca-Cola Company (KO), Oracle (ORCL), Humana (HUM), and Gartner (IT), to…

StockNews.com

Will Americans end up footing the bill for bank failures?

The government’s response to the failure of two large banks has already involved hundreds of billions of dollars

The Independent UK

Silicon Valley Bank said it was too small to need regulation. Now it’s ‘too big to fail’

Student debts and underwater mortgages are private burdens, but corporate losses are matters of urgent public interest

The Guardian - US

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Martin Schram: Biden is having too many Casey Stengel days

You are sitting at your desk in the world’s most famous workplace. Day after day, you are feeling like your supremely skilled experts somehow just managed to paint you into yet another corner in your unique Oval Office.

Tribune News Service

Editorial: Don’t let incompetent bank executives derail the Fed’s inflation battle

Democratic U.S. Sen. Elizabeth Warren thinks she knows who to blame for the collapse of Silicon Valley Bank, and the financial fallout that followed.

Chicago Tribune

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

4 big numbers that explain the banking crisis—and why it may be passing

The Feds did their job, and banks have plenty of cash.

Fortune

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

LOCALIZE IT: Banks and our money after 2 rapid-fire failures

EDITORS/NEWS DIRECTORS:

The Independent UK

First Republic gets new rescue as fears percolate

Inflationary pressures are boosting rates, which in turn are exposing cracks in the foundation of the global financial system.

Axios

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Axios

Fed's emergency bank lending soars to new record

The report sheds light on banks' demand for short-term cash in the early days of the fallout from the Silicon Valley Bank crisis.

Bangkok Post

The fall of SVB: Another predictable bank failure

The run on Silicon Valley Bank (SVB) -- on which nearly half of all venture-backed tech start-ups in the United States depend -- is in part a rerun of a familiar story, but it's more than that. Once again, economic policy and financial regulation have proven inadequate.

The Independent UK

Fed lent $300B in emergency funds to banks in the past week

Cash-short banks have borrowed about $300 billion in emergency funding from the Federal Reserve in the past week, the Fed announced

Fortune

FedNow is set to launch in July. What the instant payment service could mean for a digital dollar and stablecoins

FedNow’s ability to give customers of traditional banks instant payments detracts from one of the main draws of a central bank digital currency.

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The Independent UK

Elizabeth Warren says Republicans handed Fed chairman ‘flamethrower that he aimed at the banking rules’

The Massachusetts Democrat blames a 2018 law that Donald Trump signed weakening financial regulations

WEKU

Lawmakers are split on how to respond to the recent bank failures

Days after the failure of two regional banks shook the financial industry, lawmakers say they want answers but disagree on what role Congress should play right now.

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.

Tribune News Service

Elizabeth Warren slams Powell for weak regulation, oversight of SVB

Senator Elizabeth Warren blasted Federal Reserve Chair Jerome Powell for “an astonishing list of failures” that contributed to the collapse of Silicon Valley Bank and Signature Bank in a letter to the Fed chief Wednesday.

StockNews.com

3 Stocks That Can Help You Make Enough to Retire Early

The recent regional bank collapses, price surges, and fears of an economic slowdown have heightened market volatility. Against this backdrop, fundamentally sound dividend stocks Walmart (WMT), PepsiCo (PEP), and STMicroelectronics (STM) might be solid buys that can make one enough to retire early. Read on….

Axios

How banking turmoil is changing the economic outlook

A handful of large, troubled U.S. regional banks may well accomplish what the mighty Federal Reserve couldn't on its own.

StockNews.com

1 Dividend ETF to Buy Amid Uncertain Market Conditions

Although consumer prices have eased slightly, the job market remains tight. With concerns over the interest rate hikes ahead of the next FOMC meeting and economic uncertainty caused by the bank failures, the Vanguard Dividend Appreciation ETF (VIG) could be a solid buy to generate a steady income stream. Read…

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