Bond yield jump is not death to equities: BofA’s Savita Subramanian
The latest jump in Treasury yields is not “death to equities,” BofA Securities’ Savita Subramanian told CNBC’s “Fast Money” on Tuesday. In fact, Subramanian sees the bond move as a…
ASEAN moves closer to economic unity with new regional payments system
Indonesian President Joko Widodo makes a speech during the Association of Southeast Asian Nations (ASEAN) Foreign Minister’s Meeting in Jakarta, Indonesia on July 14, 2023. Murat Gok | Anadolu Agency…
How to keep your business deposit cash safe during a banking crisis
Pedestrians pass in front of an automatic teller machine (ATM) at a First Republic Bank branch in Los Angeles, California, U.S. Bloomberg | Bloomberg | Getty Images You might think…
Smaller banks likely to be exempt from higher capital rules
Federal Reserve Chairman Jerome Powell prepares to testify during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Semiannual Monetary Policy Report to the Congress,” in Dirksen Building…
House Democrats release bank reform bills
WASHINGTON — House Democrats on Wednesday will release a slate of reform bills in response to the recent bank failures that triggered the worst crisis for the sector since 2008.…
Price bubble in AI stocks will wreck rally: economist David Rosenberg
Investors piling into stocks with artificial intelligence exposure may pay a hefty price. Economist David Rosenberg, a bear known for his contrarian views, believes enthusiasm surrounding AI has become a…
Worries linger about financial stability after bank rescue, Fed says
The Federal Reserve in Washington, D.C. Wysiati | E+ | Getty Images Banking system pressures, real estate stress and persistent inflation top worries about financial stability, though the system overall…
Ominous trend spells a hard landing for economy: Lakshman Achuthan
Investors may want to brace for a hard landing. According to the Economic Cycle Research Institute, the recent bank failures reinforce a recession is imminent and there is a chart…
Money manager tackles SVB fallout on ETFs
There’s speculation the Silicon Valley Bank collapse could expose problems lurking in ETFs tied to specific sectors. Astoria Portfolio Advisors CIO John Davi has financials topping his watch list. “You…
Goldman Sachs cuts GDP forecast because of stress on small banks
Photo illustration, the Silicon Valley Bank logo is visible on a smartphone, with the stock market index in the background on the personal computer on March 14, 2023, in Rome,…