Text size SoFi Technologies stock divides opinion on Wall Street Justin Sullivan/Getty Images SoFi Technologies fell more than 8.5% Monday after the financial services company picked up a downgrade as Wall Street remains unsure about the stock. Wedbush analysts downgraded the shares to Underperform from Neutral in a note Monday, having cut its rating to … Read more
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/pacwest-tumbling-regional-banks-stock-405b60d4 Updated May 11, 2023 8:21 am ET / Original May 11, 2023 7:52 am ET Order Reprints Print Article PacWest Bancorp stock tumbled ahead of the open Thursday after the regional … Read more
The Reserve Bank of India on Tuesday said certain fees/ charges levied by ‘Authorised Persons’ on International Debit Cards, Store Value Cards, among others, and payable in India have to be denominated and settled in Rupees only. This instruction comes in the wake of the central bank coming across a few Authorised Persons (in foreign … Read more
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/stock-market-banks-fed-interest-rates-nasdaq-cc33814e May 5, 2023 7:50 pm ET Order Reprints Print Article
Press play to listen to this article Voiced by artificial intelligence. AMSTERDAM — The world’s financial system needs a “massive adjustment” to cope with higher interest rates, and key rules will have to be revisited, according to a top global regulator. Klaas Knot, chair of the Financial Stability Board, an international standard-setting body, told POLITICO … Read more
U.S. Treasury Secretary Janet Yellen speaks during a news conference at the Treasury Department in Washington, U.S., April 11, 2023. Elizabeth Frantz | Reuters U.S. Treasury Secretary Janet Yellen said banks are likely to become more cautious and may tighten lending further in the wake of recent bank failures, possibly negating the need for further … Read more
Interest rate rises have increased banks’ vulnerabilities — and their response presents a significant risk to global growth, the International Monetary Fund’s chief economist warned Tuesday. “We are concerned about what we have seen in the banking sector, particularly in the U.S. but maybe also in other countries, might do to growth in 2023,” Pierre-Olivier … Read more
Press play to listen to this article Voiced by artificial intelligence. FRANKFURT ― The markets are jittery and inflation still needs taming. Coming together, those two things put the European Central Bank in a real bind. Fight one fire and it could cause the other to flare. The ECB can keep raising interest rates to … Read more
A Credit Suisse Group AG bank branch in Bern, Switzerland, on Thursday, March 16, 2023. Stefan Wermuth | Bloomberg | Getty Images Shareholders are gathering at Credit Suisse‘s annual general meeting Tuesday to demand answers and accountability over its controversial takeover by UBS. A police presence was established early Tuesday at the venue as shareholders … Read more
A Silicon Valley Bank office is seen in Tempe, Arizona, on March 14, 2023. – With hindsight, there were warning signs ahead of last week’s spectacular collapse of Silicon Valley Bank, missed not only by investors, but by bank regulators. Just why the oversight failed remained a hot question among banking experts, with some focusing … Read more