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Market News

Location American Market News for 18 March 2023
Will The Crisis Of Confidence In Banks Change The Fed's Mind? A fast moving crisis of confidence is gripping bank stocks - the Fed must choose to intervene or persist with the fight against inflation
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Bitcoin Overcomes Industry Headwinds To Reach Highest In 9 Months Bitcoin prices pushed higher today, rising to their loftiest levels since June. The digital currency managed to reach this level in spite of bank failures and concerns about industry institutions.
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How to Spark a Nationwide Main Street Industrial Renewal with Universal Deposit Insurance America's great tradition of sector-specific, production-focused local & regional banking is in greater peril now than at any time since the late 1990s. To rescue our regionals, and to restore & revitalize geographically...
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An Anatomy Of The Banking Crisis

Forbes - 18 Mar 2023 18:25
An Anatomy Of The Banking Crisis Last Friday (March 10), seemingly out of the blue, the financial world was rocked with the failure of Silicon Valley Bank (SVB), then Signature Bank. This week we saw the contagion spread to Europe (Credit Suisse).
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UBS in Talks to Take Over Credit Suisse

Wall Street Journal - 18 Mar 2023 17:14
UBS is in talks to take over parts or all of Credit Suisse, part of an urgent effort by Swiss and global authorities to restore trust in the banking system.
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China's reopening after three years of zero-Covid policies is attracting investors eager for growth, but some see risk.
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The Banking Sector Turmoil in Charts

Wall Street Journal - 18 Mar 2023 15:00
Unrealized losses, insufficient capital and hefty uninsured deposits left some banks vulnerable.
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Local Banks Could Leave Gaps That Are Hard to Fill

Wall Street Journal - 18 Mar 2023 14:30
A weakened position for small banks would harm small businesses and less-urban areas.
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Thank Silicon Valley Bank For These Cheap 8.1%-Paying Funds The Silicon Valley Bank mess has demonstrated exactly why we need to invest in closed-end funds (CEFs)...
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China's M&A Star Tells Staff to Be Bold---Then He Disappears

Wall Street Journal - 18 Mar 2023 13:00
The detention of tech rainmaker Fan Bao rattles an industry that thought Beijing's crackdown was over.
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First Republic, SVB Show How Higher Rates Caught Up With Banks

Wall Street Journal - 18 Mar 2023 11:30
As the Federal Reserve prepares to hold its policy meeting, market investors have a new set of concerns.
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FD interest rate: This bank is giving up to 9% return on fixed deposits. Check details Fixed deposit interest rate: This bank is offering general FD for three tenors -- 181 to 201 days, 501 days and 1001 days
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Fraud alert! Scamsters using Google Pay, PhonePe to con you, 81 users lose ₹1 cr Google Pay, PhonePe users are targeted in this mix of malware and human engineered phishing attack in which someone knowingly sends money and calls you to repay as it was sent by mistake
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PPF calculator: You Public Provident Fund account can make you a crorepati. Here's how PPF interest rate is currently at 7.10 per cent per annum, which is payable on quarterly basis
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Here are seven major companies whose stocks moved on the week's news.
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