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The Latest Breaking News from US Federal Reserve

The recent bank failures have stoked fears of financial instability, and the Fed is widely expected to opt for a small or no rate hike this week. With fears of an economic downturn on the horizon, it could be wise for investors to remove fundamentally weak stocks Plug Power (PLUG),…

StockNews.com

Central banks around the world have said they’ll boost the flow of U.S. dollars into the global financial system. Here’s why

Global banking stocks have been battered in recent weeks amid chaos in the industry.

Fortune

US banks on bumpy path as First Republic’s troubles persist

Just weeks ago, they were bit players in the giant U.S. banking system. Now, a handful of regional lenders are at the heart of a crisis that’s shaken the country and engaged the likes of Warren Buffett and Jamie Dimon.

Tribune News Service

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Worst bank turmoil since 2008 means Federal Reserve is damned if it does and damned if it doesn't in decision over interest rates

The Federal Reserve faces a pivotal decision on March 22, 2023: whether to continue its aggressive fight against inflation or put it on hold.

The Conversation

3 Safe Stocks to Buy Hand Over Fist Right Now

The recent financial system failures and macroeconomic headwinds have weighed heavily on investors’ sentiments. Amid rekindled recessionary fears, quality stocks Eli Lilly (LLY), McDonald's Corp. (MCD), and Cigna Corp. (CI) might be safe portfolio additions now. Read on….

StockNews.com

EU, Asia bank shares slide despite UBS decision to buy out Credit Suisse

The European financial system is "resilient" the European Central Bank said on Monday, as global bank shares and oil prices slumped following the announcement that Switzerland's biggest bank UBS will take over troubled rival Credit Suisse.

Radio France Internationale

Tech industry builds in the ruins again

Silicon Valley's platform leaps always seem to happen in times of economic turmoil.

Axios

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Doyle McManus: Silicon Valley Bank's collapse may be a blessing in disguise

In the brief but spectacular collapse of Silicon Valley Bank, we may just have witnessed the best banking crisis ever.

Los Angeles Times

Oil Falls More Than $2 on Banking Concerns, Likely Fed Rate Hike

Oil prices fell on Monday to their lowest in 15 months on concerns risks in the global banking sector may cause a recession that would lead fuel demand to decline and ahead of a potential hike in US interest rates this week. Brent crude futures for May settlement fell $2.32,…

Asharq Al-Awsat

Asian stocks sink after Credit Suisse takeover

Asian stock markets are lower after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes

The Independent UK

UK banking system ‘safe and sound’ after Credit Suisse buyout, Bank of England says

Threadneedle Street has days before next interest rates call, as central banks signal more turmoil could follow

The Independent UK

Global central banks announce joint action to combat crisis

Dollar swap lines were also used extensively in 2008 and 2020 to keep dollars flowing.

Axios

Midsize US banks ask FDIC to insure deposits for 2 years

A coalition of midsize U.S. banks asked federal regulators to extend FDIC insurance to all deposits for the next two years, arguing the guarantee is needed to avoid a wider run on the banks.

Tribune News Service

Warren says she favors increasing FDIC’s deposit insurance cap

WASHINGTON — Sen. Elizabeth Warren is calling for more U.S. deposits to be covered by federal insurance and demanding government probes into whether lax regulation fueled this month’s collapse of Silicon Valley Bank and Signature Bank.

Tribune News Service

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The Guardian - US

Elizabeth Warren says Fed chair ‘failed’ and calls for inquiry into bank collapse

Progressive Democrat launches offensive on politicians on the left and the right who supported Trump-era deregulation of US banks

Axios

Warren calls for investigation into the Fed amid banking turmoil

"The fed doesn't just get to do its own investigation," Warren said.

The Guardian - UK

Silicon Valley Bank’s collapse will not be a one-off – a banking crisis was long overdue

We now know what happens when central banks raise rates and reverse QE

Bristol Post

We revisit Fishponds high street two years after we were told it has 'nothing'

There has been a lot of change in a short space of time

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news in one place.

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Tribune News Service

Sanders urges banning bank CEOs on Fed boards in wake of SVB

WASHINGTON — Sen. Bernie Sanders, I-Vt., said he plans to introduce a measure that would prevent big bank executives from serving on the boards of the regional Federal Reserve banks that oversee them.

Tribune News Service

Midsize US banks ask FDIC to insure deposits for two years

A coalition of midsize U.S. banks asked federal regulators to extend FDIC insurance to all deposits for the next two years, arguing the guarantee is needed to avoid a wider run on the banks.

The Independent UK

Bank failures: Anger in Congress, but division on what to do

Congress is trying to figure out how best to respond to the abrupt failure of two U.S. banks

Bangkok Post

As in 2008, JPMorgan chief plays key role in bank rescue

NEW YORK: Consulted by policymakers and able to nudge his peers into action, JPMorgan Chase CEO Jamie Dimon played a key role in a bank rescue effort this week -- a situation sparking reminders of 2008.

StockNews.com

Bank Problems = Bearish Thumb on Stock Market Scale

If you were not bearish already, then perhaps time to reconsider your stock market (SPY) outlook. As you will discover in today’s commentary, even the best case scenario for the recent banking concerns still likely tips the economy into recession which leads to deepening bear market. Read on below for…

Bangkok Post

Volatility may ease but risk remains

The Stock Exchange of Thailand experienced its most volatile week of the year, with gains and losses of more than 40-50 points, as did global bourses as a bank run led to the collapse of Silicon Valley Bank (SVB) and eroded confidence in US lenders.

Salon

SVB collapse reveals regulatory failure

It's a familiar cycle: Boom, bust, then bailout. Now everyone is wondering where the financial regulators were

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