Bloomberg
Minutes Show Fed Divided on Further Rate Increases
Federal Reserve officials were divided over whether further interest-rate increases would be necessary to lower inflation, minutes from the FOMC's May 2-3 meeting show. Mike McKee reports on "Bloomberg Markets: The Close."
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Goldman's Minnis: Take-Privates, M&A Activity Increasing
Christina Minnis, Goldman Sachs co-head of global credit finance, discusses the state of the leveraged finance market with Sonali Basak at the Goldman Sachs Leveraged Finance and Credit Conference.
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Bostic Says Fed Liquidity May Need to Be More Nimble
Federal Reserve Bank of Atlanta President Raphael Bostic says there are operational challenges when it comes to a 24/7 discount window at an event hosted by the Federal Reserve Bank of Richmond.
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KBW CEO Says More Bank Laws Aren't Needed in Wake of SVB
KBW President and CEO Tom Michaud discusses the industry implications of the recent bank crisis with Romaine Bostick on "Bloomberg Markets: The Close."
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Fed's Barkin on Inflation, Banks, Rate Policy
Federal Reserve Bank of Richmond President Thomas Barkin discusses the path of monetary policy, the recent banking crisis and the state of the labor market with Mike McKee on "Bloomberg Markets."
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Biden Says US Banks Are in 'Pretty Good Shape'
"I don't see anything that's on the horizon that's about to explode," President Joe Biden says during a joint news conference with Canadian Prime Minister Justin Trudeau.
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Crossmark's Bob Doll Calls Market Rally Encouraging
"I think we're passed the worst of the bank crisis...but that doesn't mean we're passed all of the issues related to what the Fed has done in the last 12 months," Crossmark Global Investments CIO Bob Doll says on "Bloomberg Markets: The...
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Rep. McHenry Grills Regulators on SVB Awareness
US Representative Patrick McHenry grills Treasury Undersecretary for Domestic Finance Nellie Liang, Federal Reserve Vice Chair for Supervision Michael Barr and FDIC Chair Martin Gruenberg on the timing of their awareness of the impending...
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Bank Crisis Has Opened Pandora's Box: TD's Misra
"There are massive unrealized losses sitting on bank balance sheets," TD Securities Global Head of Rates Strategy Priya Misra says. Speaking during an interview with Jonathan Ferro on "Bloomberg The Open," Misra advises investors to own...
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What Happened to the Cash at SVB?
Paul J. Davies of Bloomberg Opinion says details about the Silicon Valley Bank meltdown are surprisingly reassuring.
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US Bank Deposits Fall Sharply for Second Straight Week
Commercial bank deposits dropped by $125.7 billion in the week ended March 22, marking the ninth-straight period of declines, according to data released by the Federal Reserve. Mike McKee reports on "Bloomberg Markets: The...
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Lagarde Says SVB-Like Crisis 'Very Unlikely' in Europe
European Central Bank President Christine Lagarde says the banking system in Europe is robust because banks have strong capital and liquidity coverage ratios during remarks before students in Florence, Italy.
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Nouriel Roubini Warns of Crashes, High Rate 'Megathreat'
Nouriel Roubini, CEO at Roubini Macro Associates, explains the "megathreat" he sees from higher interest rates, why he expects an economic and financial crash, and US labor market issues. He speaks from Cernobbio, Italy on "Bloomberg...
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Hoenig: Regulators Should Be 'Scrubbing' Bank Portfolios
Federal regulators "have a lot of work on their plate" in the wake of the SVB fallout, former Federal Reserve Bank of Kansas City President Thomas Hoenig says during an interview on "Bloomberg Markets."
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How the SVB Fallout Impacted Atomic Invest
Atomic Invest CEO David Dindi discusses money flows in the wake of the collapse of Silicon Valley Bank. He joins Bloomberg's Matt Miller and Dani Burger on "Surveillance: Early Edition."
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Western Alliance Deposits Fell 11% in Q1 to $47.6B
Western Alliance "experienced elevated net deposit outflows surrounding the announcements of the Silicon Valley Bank and Signature Bank closures," the bank says in a filing. The bank said deposits fell 11% in the first quarter, a smaller...
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China Credit Growth Beats Expectations
China's credit expanded faster than expected in March, a sign that the central bank's moves to unleash more long-term liquidity into the economy and support bank lending is fueling investment activity. Bloomberg Economics' Eric Zhu...
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Goolsbee Calls for Cautious Approach to Fed Policy
"Given how uncertainty abounds about where these financial headwinds are going, I think we need to be cautious," Federal Reserve Bank of Chicago President Austan Goolsbee says during remarks at an Economic Club of Chicago event.
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Morgan Stanley's Caron Expects Credit Crunch, Not Crisis
Morgan Stanley Global Balanced Funds co-CIO Jim Caron says he sees a credit crunch ahead that will happen over time and not be a "sudden shock event." He speaks during an interview with Jonathan Ferro on "Bloomberg The Open."
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Optimal Capital Advisors on US Markets
Frances Stacy, director of strategy at Optimal Advisors, discusses her views on investment strategies for the US markets. She speaks with Bloomberg's Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Australia."
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Huntington CFO Expects Growing Deposits Rest of Year
Huntington Bancshares CFO Zach Wasserman discusses the bank's "stable and growing" deposits, loan portfolio and the future of regulation with Alix Steel and Dani Burger on "Bloomberg Markets."
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Bank Crisis to Cause Systemic 'Ripples': Morgan Stanley
Morgan Stanley Wealth Management CIO Lisa Shalett comments on what a credit contraction might mean for the US economy during an interview with Jonathan Ferro on "Bloomberg The Open."
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Yellen Proposes FSOC Revisions to Nonbank Oversight
"The existing guidance, issued in 2019, created inappropriate hurdles as part of the designation process," US Treasury Secretary Janet Yellen says during a Financial Stability Oversight Council meeting.
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BofA's Moynihan Says the Banking System Is in Good Shape
"Crisis is too strong of a word," Bank of America Chair and CEO Brian Moynihan says while discussing the takeaways from the recent bank issues with David Westin at the Bloomberg Sell-Side Leaders Forum.
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