Bloomberg
Credit Suisse AT1 Holder Losses Total $1 Billion in Japan
"Japan FSA is following up on how brokerages sold AT1 bonds," says Tomoko Amaya, vice minister for international affairs at Japan Financial Services Agency. The firm is investigating the loss of about $1 billion to Japanese investors...
Bloomberg
BOE and ECB Are Behind the Curve: BlackRock's Watson
BlackRock Managing Director Marilyn Watson previews the Bank of England's "tricky" policy decision next week. She speaks on "Bloomberg Markets: European Close."
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Bloomberg
El-Erian Worried Banking 'Cancer' Starting to Spread
Mohamed El-Erian, a Bloomberg Opinion columnist, says the US is in "phase two" of the banking crisis and warns that the financial system lacks "anchors" right now during an interview with Jonathan Ferro on "Bloomberg The Open."...
Bloomberg
ICapital's Amoroso Likes Tech, Avoiding Regional Banks
Anastasia Amoroso, iCapital's chief investment strategist, explains why she's less constructive on stocks in the near term and advises investors to get out of economically interest-rate sensitive names on "Bloomberg The Open."
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Bloomberg
Markets in 3 Minutes: US Recession May Not Be That Imminent
Mark Cudmore and Anna Edwards break down today's key themes for analysts and investors on "Bloomberg Markets: Europe." For up to the minute market intelligence and insight, click MLIV .
Bloomberg
Fed Says Banks Tightened Loan Standards in First Quarter
he Federal Reserve said that banks reported tighter standards and weaker demand for commercial and industrial loans in the first quarter, extending a trend that began before recent stresses in the banking sector emerged. Bloomberg's...
Bloomberg
PacWest Shares Surge After Slashing Dividend
Regional bank shares are bouncing back Monday morning. PacWest Bancorp surging as much as 30% after slashing its quarterly dividend to one cent. Bloomberg's Sonali Basak reports.
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Bloomberg
Westpac Banking Sees Tougher Economic Outlook as Profit Climbs
Westpac Banking Corp. has reported first-half profit that slightly edged ahead of analysts' estimates. Still, the Australian lender said it expects a tougher economic environment ahead. Paul Allen reports on Bloomberg Television.
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Press Association
Latest Meta jobs losses in Ireland will be ‘relatively small’, Taoiseach says
The latest round of job cuts by tech giant Meta will result in a “relatively small” number of redundancies at its Irish operations, the Taoiseach has said.
Leo Varadkar expressed sympathy with those set to lose their jobs but he...
Bloomberg
Bank Failures Will Hurt Industry Earnings: Yokum
Alexander Yokum of CFRA talks about the impact of regional bank failures on earnings for the industry. He's on "Bloomberg The Open."
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Bloomberg
Australia's Banking Market Still in Good Shape: NAB CEO
"Australia's economy is running pretty well and the bank is running well." Ross McEwan, group chief executive officer at National Australia Bank Ltd., discusses quarterly earnings, Australia's banking sector and his outlook for the...
Bloomberg
Franklin Templeton CEO on Rate Hikes, Private Credit
Franklin Templeton President and CEO Jenny Johnson, says the banking system has a hard time handling the pace of rate hikes by the Fed, and expects that once the rates normalize in a pause it will be a while before the Fed cut rates. ...
Bloomberg
Fed's Powell on Recent Bank Crisis: 'We're on the Case'
"Many, many banks are now attending to liquidity," Federal Reserve Chair Jerome Powell says during a news conference after the Fed raised interest rates by a quarter percentage point and hinted it may be the final move.
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Bloomberg
Summers: The Banking Crisis Appears Over
Former Treasury Secretary Lawrence Summers says we're probably over the vast majority of the banking traumas, but some issues do remain. He speaks to Bloomberg's David Westin.
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Bloomberg
Oaktree's Panossian: Size, Frequency of Deals Is Down
Armen Panossia, Oaktree Capital's head of performing credit and portfolio manager, comments on the state of the debt market during an interview with Romaine Bostick at the Milken Institute Global Conference in Beverly Hills,...
Bloomberg
Fed Likely to Cut Rates Early 2024: Nuveen's Rodriguez
"A mild recession is likely to kick in early in 2024," Tony Rodriguez, Nuveen's head of fixed-income strategy, says during an interview with Jonathan Ferro on "Bloomberg The Open."
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Bloomberg
HSBC CEO Quinn Says SVB UK Will Form Core of New Global Tech Unit
HSBC Holdings Plc Chief Executive Officer Noel Quinn says the bank's takeover of the British arm of Silicon Valley Bank would provide the basis for a new global technology business. He speaks with Manus Cranny on "Bloomberg Daybreak:...
Bloomberg
Milken: Goodman, Hunt, Kencel, Anadu on Banking Crisis
Bloomberg Television guests Hunter Point Capital co-founder and Executive Chairman Bennett Goodman, PGIM President and Chief Executive Officer David Hunt, Churchill Asset Management CEO Ken Kencel, The Vistria Group Senior Partner...
Bloomberg
AVM Capital's Murthy: Bullish On USD
AVM Capital Founder & CIO Ashvin Murthy expects the dollar to resume its move higher, as we enter the second-half of the year. He speaks with Rishaad Salamat on "Bloomberg Markets: Asia".
Bloomberg
Fed Should Do 'Hawkish Pause,' Kaplan Says
Former Federal Reserve Bank of Dallas President Robert Kaplan discusses monetary policy and the state of the US banking industry. The Fed is expected to deliver a 25 basis-point interest-rate increase and signal a pause in its aggressive...
Bloomberg
PGIM CEO Hunt on Deerpath Acquisition, Bank Lending
PGIM President and CEO David Hunt discusses PGIM buying a majority stake in $5 billion private credit fund manager Deerpath Capital Management and the state of bank lending during an interview with Romaine Bostick at the Milken Institute...
Bloomberg
Dimon and JPMorgan Win Bidding War for First Republic
JPMorgan wins the bidding war to buy First Republic Bank. Bloomberg's Sonali Basak reports.
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Bloomberg
Market Breathing Sigh of Relief Over Banks: Mona Mahajan
"Markets are in wait-and-see mode," Edward Jones Senior Investment Strategist Mona Mahajan says on "Bloomberg Markets: The Close."
Bloomberg
Citigroup CEO Fraser Expects US Recession by End of Year
Citigroup Inc. Chief Executive Officer Jane Fraser says she expects a US recession at the back-end of the year, but she expects it to be manageable. She speaks to Bloomberg's Sonali Basak the Milken Institute Global Conference in Beverly...