The New York Stock Exchange has notified Credit Suisse that does not meet the necessary requirements to be listed on the US stock market, which requires companies to maintain the individual price of their shares at at least one dollar for thirty consecutive trading days. Despite its purchase by UBS on March 19, Credit Suisse […]
Tag: Wall Street
Minister Alex Contreras to investors in New York: “Whoever bets on Peru always wins in the long term”
He Minister of Economy and FinanceAlex Contreras, together with the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, lead a public-private delegation in the city of NY (USA) with the objective of holding meetings with investors and authorities to expose them the macroeconomic strengths of Peru and various investment opportunities that the […]
United States: reference rate rises and reaches maximums
The Federal Reserve (Fed) of the United States complied with the forecasts of all analysts and increased its reference interest rate by 0.25 points, a decision that catapulted rates to the scenario of 5% – 5.25%, with maximums who were not warned since 2007, before the great recession. A run of 10 rate hikes in […]
Lima Stock Exchange closes the day with gains in 14 indicators and rises 1.02%
The Lima Stock Exchange closed the session of this Tuesday, March 21, with gains in most of its indices, recording 14 upward indicators and 2 downwards. Thus, the S&P/BVL Peru General Index, the most representative of the Lima stock market, rose 1.02% to 21,653.54 points. For his part, he S&P/BVL Peru Selective Indexwhich is made […]
Federal Reserve Oversight Comes into Question After Silicon Valley Bank Collapse
The supervision work carried out by the Federal Reserve (FED) with the Silicon Valley Bank (SVB) has been located in the eye of the hurricane, after the collapse of the entity, with the Democratic senator Elizabeth Warren calling this Sunday March 19 for an independent investigation into the possible failures. In a letter, Warren asked […]
US authorities take control of Silicon Valley Bank
The United States authorities closed on Friday the Silicon Valley Bank to protect the deposits of their clients and will reopen the institution on Monday under federal control, official sources reported, amid fears of contagion of the problems of that financial entity to the rest of the banking sector. The bank, which works with the […]
Wall Street draws plans for different inflation scenarios
Whether the peace can last will depend a lot on Tuesday’s consumer price index. Consensus is growing that a softer reading is likely to reinvigorate the new year’s rally in stocks, while something stronger could extend last week’s selloff in risky assets. Stocks and bonds have risen sharply since October, when inflation reversed a two-year […]
Banxico “sends a message” to Wall Street with a rate hike
“They unanimously decided to vote for a 50 basis point hike, just to send the message that they have everything under control and are dealing with inflationary pressure with a firm hand,” commented Joel Virgen Rojano, strategist at TD Securities. “They send the signal that they don’t necessarily have to imitate the Federal Reserve.” Before […]
JPMorgan to hire more than 500 small business bankers in two years
JPMorgan Chase & Co.the largest lender in USA, plans to hire more than 500 bankers serving small businesses by 2024, the company announced Wednesday. The new hires will increase the bank’s workforce that serves small businesses by 20%, which currently has more than 2,300 employees. “Small business owners face difficult challenges due to persistent inflation, […]
SEC investigation into WhatsApp use reaches hedge funds
The US Securities and Exchange Commission (SEC) recently asked Steve Cohen’s Point72 Asset Management, Ken Griffin’s Citadel, and several other firms to review the devices for evidence of deals. commercials on unapproved channels, according to people with knowledge of the matter who asked not to be identified because it is a private matter. The SEC […]