Bloomberg
Korea Can Consider Lifting Short Sale Ban in 2023: Watchdog
South Korean authorities will consider lifting a short-selling ban as early as this year if conditions are met, Financial Supervisory Service governor Lee Bokhyun exclusively said in his first-ever interview with media. Lee also...
Bloomberg
We're at the Beginning of Bank Instability, Greene Says
Megan Greene, global chief economist for the Kroll Institute, says consumer confidence is holding up despite instability in the banking industry. She speaks on "Bloomberg Markets."
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Bloomberg
Korea's Top Financial Watchdog Vows to Stop Wider Loan Failures
The slump in South Korea's property market may lead to defaults on project-financing loans, but policymakers have put in place measures to cope following an unexpected credit crunch last year, according to the nation's financial watchdog...
Bloomberg
Tapping In to China's Pension Market
It is a market that could grow to be worth $1.7 trillion, but when it comes to private pension plans in China, big global firms may struggle to get a slice of that pie. Beijing has ensured that domestic banks and fund managers win the...
Bloomberg
Tarullo: The Fed Set the Right Monetary Policy
In this exclusive Wall Street Week roundtable, David Westin discusses the latest Federal Reserve rate hike with former Treasury Secretary and Harvard University President Emeritus Lawrence Summers, former Fed Governor Dan Tarullo and...
Bloomberg
Lisa's Market Movers: Top Moving Stocks This Morning 3/27
Bloomberg's Lisa Abramowicz reports the top moving stocks this morning: First Republic Bank, PacWest Bancorp, Western Alliance Bank and Deutsche Bank.
Bloomberg
Bank Crisis Not in Rear-View Mirror Yet: Pimco's Browne
"Both rates and equities are singing from different hymn books at this point," Erin Browne, Pimco multi-asset strategies portfolio manager, says during an interview with Matt Miller on "Bloomberg The Open."
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Bloomberg
Jamie Dimon Warns on Banking Crisis in Annual Letter
Sonali Basak reviews the key takeaways from JPMorgan CEO Jamie Dimon's annual letter to shareholders. In the letter, Dimon warned that the recent banking crisis will be felt for years and also commented on using AI, geopolitics and the...
Bloomberg
Regulators Created Wasteful Rules for Banks: Admati
Anat Admati, Stanford Graduate School of Business Professor, discusses her concerns surrounding the banking system and what regulators need to do to fix it. She speaks with David Westin and Romaine Bostick on "Wall Street Week...
Bloomberg
Tabbush Report Founder on HSBC Shareholder Meeting
Daniel Tabbush, Founder of the Tabbush Report, discusses his outlook for HSBC as the bank's executives pledge to keep up dividend payments at its Hong Kong shareholder meeting. He speaks with Paul Allen and Shery Ahn on "Daybreak Asia".
Bloomberg
HSBC Executives Meet Local Investors in Hong Kong
HSBC's senior executives have faced off with a large Hong Kong investor base, pledging to keep up dividend payments and fending off calls to split off the bank's Asian operations. Nabila Ahmed reports on Bloomberg Television.
Bloomberg
What Happened to the Cash at SVB?
Paul J. Davies of Bloomberg Opinion says details about the Silicon Valley Bank meltdown are surprisingly reassuring.
Bloomberg
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...
Bloomberg
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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Bloomberg
Equities Risk Reward 'Not Necessarily Fantastic': UBS
Mark Haefele, chief investment officer at UBS Global Wealth Management, explains why his firm increasing allocation to fixed income over equities amid the fallout from banking issues. He speaks with Dani Burger on "Bloomberg Surveillance...
Bloomberg
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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Bloomberg
Yellen Says US Banking System Is Sound Amid SVB Crisis
"Our intervention was necessary to mitigate systemic risks and protect the broader US banking system," US Treasury Secretary Janet Yellen says during remarks at the annual NABE conference in Washington.
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Bloomberg
Sweden's Alecta Forces Out CEO After US Bank Losses
Alecta, Sweden's biggest pension fund, decided to let Chief Executive Officer Magnus Billing go with immediate effect as it grapples with the fallout from almost $2 billion of losses after the meltdown at Silicon Valley Bank. Tom Metcalf...
Bloomberg
Medalla: BSP Looking at Month-on-Month Inflation
Felipe Medalla, governor of the Bangko Sentral ng Pilipinas, or BSP, discusses inflation in the country, the possibility of a pause in monetary policy and his outlook for the banking sector. He speaks on Bloomberg Television.
Bloomberg
Wells Fargo's Mayo on Bank Earnings: Let the Sunshine In
"The banks have a good story to tell," Mike Mayo, Wells Fargo Securities head of large-cap bank research, says on "Bloomberg Markets: The Close" while previewing the big bank earnings scheduled to be released this week.
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Bloomberg
India's Central Bank Surprises With Interest Rate Pause
Reserve Bank of India Governor Shaktikanta Das discusses monetary policy and the state of the economy in a livestreamed address from Mumbai. The central bank unexpectedly left its benchmark interest rate unchanged as global banking woes...
Bloomberg
Switzerland to Cancel, Cut Top Credit Suisse Executives' Bonuses
The Swiss government is about to canceled or cut outstanding bonuses of top Credit Suisse Group AG executives following the state-backed takeover by UBS Group AG. Nabila Ahmed reports on Bloomberg Television.
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Bloomberg
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...
Bloomberg
Banks Seen Skipping Additional Tier 1 Calls in Wake of Credit Suisse Shock
Bloomberg Intelligence sees banks avoiding the Additional Tier 1 debt market in the wake of the Credit Suisse Group AG shock. Meanwhile, JPMorgan Chase & Co. and Wells Fargo & Co. are among the companies that are scheduled to report...