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Speculation is mounting that the Federal Reserve will cut interest rates by the end of the year, despite still-high inflation Speculation is mounting that the Federal Reserve will cut interest rates by the end of the year, despite still-high inflation

Business

Asian markets bounced Tuesday from the previous day’s rout, with lenders boosted by easing concerns of another financial crisis, while focus turned to the...

After the collapse of Silicon Valley Bank this month, the Treasury Department -- pictured in January 2023 -- Federal Reserve and Federal Deposit Insurance Corporation announced its depositors would have access to their money After the collapse of Silicon Valley Bank this month, the Treasury Department -- pictured in January 2023 -- Federal Reserve and Federal Deposit Insurance Corporation announced its depositors would have access to their money

Business

US authorities may have taken extraordinary steps in recent weeks to assure depositors of failed lenders Silicon Valley Bank and Signature Bank, but they...

Business

After three US regional lenders collapsed and UBS swooped to buyout troubled Credit Suisse to avoid a wider crisis, AFP looks back at the...

Business

The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to another institution, the agency...

News that troubled Credit Suisse had been taken over by UBS failed to reassure Asian investors worried about the banking sector News that troubled Credit Suisse had been taken over by UBS failed to reassure Asian investors worried about the banking sector

Business

Asian equities sank Monday following a sell-off in New York as investors fret over the financial sector, despite central banks’ pledges to provide liquidity...

Most analysts expect a small rise of 25 basis points at the end of the Federal Reserve's upcoming two-day meeting Most analysts expect a small rise of 25 basis points at the end of the Federal Reserve's upcoming two-day meeting

Business

US central bankers face an unenviable task when they gather in Washington next week: tackling persistent inflation without adding to financial sector turmoil after...

Ilan Goldfajn, president of the Inter-American Development Bank, is seen at a meeting of the group in Panama City on March 15, 2023 Ilan Goldfajn, president of the Inter-American Development Bank, is seen at a meeting of the group in Panama City on March 15, 2023

World

Top financial officials from Latin American and Caribbean countries are meeting Saturday in an annual conclave of the Inter-American Development Bank (IDB), after a...

Jamie Dimon, chairman and chief executive of JPMorgan Chase, appears before Congress in September 2022 Jamie Dimon, chairman and chief executive of JPMorgan Chase, appears before Congress in September 2022

Business

Consulted by policymakers and able to nudge his peers into action, JPMorgan Chase CEO Jamie Dimon played a key role in a bank rescue...

The closed Silicon Valley Bank (SVB) headquarters in Santa Clara, California The closed Silicon Valley Bank (SVB) headquarters in Santa Clara, California

Business

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....

Regulators had to take over Signature bank, which was an important conduit into the regular financial system for numerous crypto firms, after a run on deposits Regulators had to take over Signature bank, which was an important conduit into the regular financial system for numerous crypto firms, after a run on deposits

Business

The global cryptocurrency industry has been slammed by setbacks, scandals and high-profile failures in recent months, sparking a regulatory rush to protect consumers from...

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