Credit Suisse Group AG is headed for a decisive weekend after some rivals were cautious in their dealings with the troubled Swiss entity and its regulators urged it to seek a deal with UBS AG. Credit Suisse’s chief financial officer, Dixit Joshiand their teams will hold meetings over the weekend to assess strategic scenarios for […]
Tag: Fed
OECD rules out risk of “systemic crisis” after bankruptcy of SVB in the US.
The OECD ruled out this Friday that there is a risk of “systemic crisis” comparable to that of 2008, days after the bankruptcy of the North American bank BLSwhich sparked a wave of stock market panic among bank stocks. “We are in a very different situation than in 2008″, said at a press conference in […]
US banking system is ‘solid’, says Yellen
The banking system of USA is strong despite the recent turmoil caused by the failure of three banks, including the iconic start-up financier Silicon Valley Bank (SVB) and the SignatureBankthe Treasury secretary said Thursday, Janet Yellen. Three consecutive bankruptcies in the banking sector in less than a week mark the worst bankruptcies since the 2008 […]
US inflation slowed to 6.0% yoy in February
Inflation slowed down USA in February to 6.0% year-on-year, its lowest level in almost a year and a half, at a time when the fed (central bank), in charge of stopping the rise in prices, is against a rock and a hard place after the bankruptcy BLS. On a month-over-month basis, inflation fell to 0.4%, […]
Fed investigates how it supervised the SVB and will publish a report in May
The Federal Reserve of the United States (Fed) announced this Monday that it is investigating its management and supervision of Silicon Valley Bank as a result of its debacle, and will publish a report with its conclusions on May 1. “We must be humble, and carry out a careful and thorough analysis of how we […]
Financial quake now clouds Fed inflation debate
Officials at the US Federal Reserve will meet again next week amid persistent inflation, though now they will face the first sharp fallout from aggressive interest rate hikes the central bank approved last year. The sudden failure of Silicon Valley Bank last week is not expected to stop the fed keep raising rates at their […]
Powell: Fed hasn’t made any rate decisions yet
The president of the Federal Reserve of the United States (Fed), Jerome Powell, clarified this Wednesday that the agency has not yet made a decision on how much it will raise interest rates and that it is waiting to know various economic data. “We have some potentially important data to analyze (…) Again, we have […]
Powell warns that Fed interest rates could rise more than expected
The main guide rate of the Federal Reserve The US, which has been rising for a year to try to contain inflation, could continue to rise beyond 5.1%, the ceiling expected so far, the president of the central bank warned on Tuesday, Jerome Powell. “The latest economic data is stronger than expected, suggesting that the […]
After catching up on wages, US companies may have found their footing
At the height of the pandemic’s labor shortage, convenience store chain Sprint Mart struggled to staff its stores across the southern United States as available workers moved toward higher-than-average wages. Amazon.com Inc offers in its fulfillment centers or opted for flexible gig economy jobs. It took two years, sequential pay increases totaling 20-30%, and new […]
Dollar accumulates fall of 0.94% so far this year
Down. The green ticket is around S/3.78. Setback is due to external factors, says expert. Despite the fact that social conflict continues in the country, in recent days the dollar has shown a downward trend. Thus, so far this year it has accumulated a decline of 0.94%. That is to say, it went from S/3.8200 […]