Bloomberg
Brainard Says US Banking System Is Sound, Stable
"We've seen deposit outflows stabilize. All of the indicators that one would look at have really improved over the last few weeks," Lael Brainard, the new head of the National Economic Council, says at Semafor's World Economy Summit....
Bloomberg
Federal Reserve's Kashkari Sees Signs of Calm Restored to Banking Sector
Federal Reserve Bank of Minneapolis President Neel Kashkari talks about the collapse of Silicon Valley Bank and the state of the US banking industry. He speaks at a town hall event at Montana State University in Bozeman. (Excerpt)...
Bloomberg
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...
Bloomberg
Biggest US Banks Plan to Bolster Reserves
Some of the biggest US lenders are planning to bolster their reserves in a move tied to the rescue of First Republic Bank. Lenders from JPMorgan to Citigroup are setting aside $100 million each, according to people familiar with the...
Bloomberg
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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Bloomberg
IMF's Gourinchas on Global Outlook, Banks and Inflation
IMF Chief Economist Pierre-Olivier Gourinchas sees a potential contraction in bank lending possibly weighing on global growth this year and says inflation has been "stickier than we'd like." Speaking with Guy Johnson and Alix Steel on...
Bloomberg
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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Bloomberg
Key Takeaways From Bank of America, Goldman Sachs Earnings
A big day for bank earnings. Bloomberg's Sonali Basak reports on results from Goldman Sachs and Bank of America.
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Bloomberg
Charles Schwab Pauses Share Buybacks
Charles Schwab Corp. executives said the firm can weather the turmoil roiling US banks, while pausing stock buybacks in response to the industry's worst crisis since 2008. Bloomberg's Sonali Basak has more on the earnings.
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Bloomberg
Seeing the Signs of Spring for Bitcoin: Ballet CEO
"We're seeing signs of a Spring for Bitcoin," says Bobby Lee, founder and chief executive officer at crypto wallet firm Ballet. He discusses his outlook for Bitcoin above $30,000, the draw of crypto currencies and regulation in the...
Bloomberg
Wells Fargo Seeing Benefit of Higher Rates, CFO Says
Wells Fargo CFO Michael Santomassimo discusses the bank's first-quarter earnings and outlook with Romaine Bostick and Katie Greifeld on "Bloomberg Markets: The Close."
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Bloomberg
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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Bloomberg
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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Bloomberg
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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Bloomberg
Fed's Logan Says Inflation Has Been Much Too High
Federal Reserve Bank of Dallas President Lorie Logan outlines what she's monitoring in the economy to show the Fed has made enough progress in the fight to bring down inflation. She speaks at a Fed Listens event in Odessa, Texas.
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Bloomberg
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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Bloomberg
Regional Bank Earnings Have Peaked, KBW's McGratty Says
KBW's Chris McGratty and Herman Chan of Bloomberg Intelligence, talk about regional bank earnings.
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Bloomberg
HSBC-Ping An Clash Heats Up
The clash between HSBC Holdings Plc and its biggest shareholder Ping An Insurance Group Co. is becoming increasingly heated ahead of a general meeting that will test investor support for a proposal to spin off the bank's lucrative Asia...
Bloomberg
FTX Former Head Launches Own Futures Trading Hub
Brett Harrison's software startup is pushing into futures and crypto markets for institutional investors, as he moves away from his association with Sam-Bankman-Fried and the collapse of FTX. Harrison heads up Architect Financial...
Bloomberg
Orcel: 'We Were Worried About Contagion in Lack of Confidence'
UniCredit Chief Executive Officer Andrea Orcel said he was worried about the possible contagion to the banking sector due to lack of confidence after the recent fallout from Silicon Valley Bank and Credit Suisse. Now he expects the cost...
Bloomberg
Gensler Says FTX Violated Several Securities Laws
Gary Gensler, chair of the Securities and Exchange Commission, talks about the charges against crypto broker FTX. He spoke before GOP-controlled House Financial Services Committee.
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Bloomberg
Standard Chartered 'Well on Track' to Return $5B to Shareholders: CFO
"Overall, top-line growth has been really strong." Standard Chartered Plc Chief Financial Officer Andy Halford discusses the lender's latest financial results and outlook. The London-headquartered bank reported its largest quarterly...
Bloomberg
Banco Santander on Track to Meet 2023 Targets, CFO Says
Banco Santander SA Chief Financial Officer Jose Garcia Cantera discusses the Spanish lender's financial results and outlook. Santander's earnings beat estimates as tailwinds from central bank rate hikes offset the impact of higher costs...
Bloomberg
Credit Suisse Saw $69 Billion of Outflows in 1Q
Credit Suisse Group AG reported $69 billion of outflows in the first quarter and took a large writedown at its wealth management unit, underscoring the challenge for UBS Group AG in retaining key clients and assets after the emergency...