Bloomberg
Perot Jr Sees Recession for Commercial Real Estate Without Bank Lending
Hillwood Chairman Ross Perot Jr. says commercial real estate developers are having difficulty obtaining construction loans, and warns of a recession for the industry if banks don't start lending again. He speaks on "Bloomberg Markets."
Bloomberg
Harker Favors Fed Skipping Rate Hike at Next Meeting
"I think we can take a bit of a skip for a meeting," Federal Reserve Bank of Philadelphia President Patrick Harker says during an event at the Philadelphia Fed.
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JPMorgan Cuts 1,000 First Republic Staffers
JPMorgan notified about 1,000 First Republic Bank employees that they aren't being given jobs even temporarily following its takeover of the failed lender. Hannah Levitt reports on "Bloomberg Markets: The Close."
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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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Roubini Says US Regional Banks Will 'Certainly' Suffer a Credit Crunch
US regional banks will "certainly" suffer a credit crunch, according to Nouriel Roubini, chairman and CEO at Roubini Macro Associates. "Estimates as of now is that a credit crunch is going to reduce economic growth in the US by at least...
Bloomberg
Mizuho Has Been Underweight M&A in Americas: Rizzieri
Mizuho Financial Group Inc. is forging further into US investment banking through a deal to buy Greenhill & Co. as it seeks to accelerate growth. Jerry Rizzieri, Mizuho Securities USA President and CEO, speaks to Bloomberg about the deal.
Bloomberg
JPMorgan's Dimon Says Be Prepared for Higher Rates
"Everyone should be prepared for rates going higher from here," JPMorgan Chair and CEO Jamie Dimon says during JPMorgan Investor Day.
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Bloomberg
Evercore's Schlosstein Expects Fed to Pause Rate Hikes
Evercore Chairman Emeritus Ralph Schlosstein predicts the Federal Reserve won't raise its benchmark interest rate at the next policy-setting meeting in June. "I think the next move is a pause," he says on "Bloomberg Markets."
Bloomberg
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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Crypto Faces a Hostile Regulatory Environment in US: Nic Carter
Castle Island Ventures Founding Partner Nic Carter says he's never seen such a challenging regulatory environment for Crypto as he does now in the US. He says the Biden administration is trying to force the "industry offshore." He speaks...
Bloomberg
CDS Panel: Credit Suisse AT1 Wipeout Won't Prompt Payout
The Credit Derivatives Determinations Committee, a panel tasked with overseeing the credit default swaps market, has ruled that the write down of Credit Suisse Group AG's Additional Tier 1 notes will not trigger an insurance payout. Adam...
Bloomberg
Masters: Cash Is Not Dead
Blythe Masters, founding partner at fintech-focused private equity firm Motive Partners and a veteran JPMorgan executive, explains why cash is here to stay in the United States. This episode of "Bloomberg Wealth with David Rubenstein"...
Bloomberg
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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Becker: Reports Lumped SVB and Silvergate Together
Greg Becker, the former CEO of Silicon Valley Bank, talks about what caused the collapse of his firm. He testifies before the Senate Banking Committee.
Bloomberg
UK Banking System Is Stable: Glen
John Glen, the UK Treasury Chief Secretary, talks about the state of the banking and financial system in the UK. He's on "Balance of Power."
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Bloomberg
Property Sector Biggest Overhang for China Economy: Hong
Hao Hong, partner and chief economist at Grow Investment Group, discusses the banking crisis in the US and Europe, its impact on Asia's AT1 bond holders and his outlook for China's economy. He speaks on Bloomberg Television.
Bloomberg
Reckless Behavior Led to SVB Crisis: Ex-Bridgewater CEO
Former Bridgewater CEO David McCormick says the collapse of SVB is indicative of reckless behavior, poor regulation and a broader macro problem. He speaks with David Westin on "Wall Street Week Daily."
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Bloomberg
Fed Should Admit Mistake, Cut Rates: Allspring's Patel
The Federal reserve has "done more than enough damage to the financial system," Allspring Global Investments Senior Portfolio Manager Margie Patel says during an interview with Jonathan Ferro on "Bloomberg The Open."
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Bloomberg
Muzinich's Greil-Castro on Banking Crisis
Tatjana Greil-Castro, Co-Head of Public Markets at Muzinich & Co., discusses the latest developments with the banking crisis. She speaks with Haidi Stroud-Watts and Shery Ahn on "Daybreak Asia".
Bloomberg
Asian Banks in General Look Interesting: Credit Suisse
Dan Fineman, co-head of Asia Pacific strategy at Credit Suisse, discusses the outlook for the US economy, Federal Reserve policy and the implications for financial markets. He also talks about the opportunities he sees in emerging and...
Bloomberg
Sen. Chris Van Hollen on First Republic Bank Latest
Sen. Chris Van Hollen of Maryland discusses the assistance for First Republic Bank from over 11 major banks. He speaks with Annmarie Hordern and Joe Mathieu on Bloomberg's "Balance of Power."
Bloomberg
M&G Is Moderately Constructive on Banks
Pierre Chartres, fixed income investment director at M&G Investments, discusses the fallout from Credit Suisse, Federal Reserve policy and confidence in the banking sector. He speaks on Bloomberg Television.
Bloomberg
First Republic Bank Could Be Saved With $30 Billion in Deposits
The nation's biggest banks are close to agreeing upon a plan to deposit about $30 billion with First Republic Bank to stabilize the California lender. JPMorgan, Citigroup and Bank of America are among the banks in the discussions. Herman...