Investors Say Banking Crisis Far From Over Even After UBS’s Credit Suisse Deal
The early calm in Asian markets on Monday quickly gave way to fresh jitters about the outlook for the global financial system, and investors and strategists are bracing for further tumult.
First Republic Shares Slide 18% Monday After a Credit Rating Downgrade
S&P reduced its credit rating to B+ from BB+ on Sunday after first lowering it to junk status just last week. The rating remains on CreditWatch Negative, said S&P.
FDIC Announces Agreement to Sell Signature Bank Assets to New York Community Bancorp Subsidiary
Flagstar Bank, the subsidiary, will assume substantially all deposits and certain loan portfolios, and all 40 of Signature Bank's former branches.
Elizabeth Warren Says Jerome Powell Has ‘Failed’ as Federal Reserve Chair
"I don’t think he should be chairman of the Federal Reserve," the Massachusetts Democrat said in an interview on NBC News' "Meet the Press."
Fed Poised to Approve Quarter-Point Rate Hike This Week, Despite Market Turmoil
Chairman Jerome Powell and his fellow central bankers will want to signal that it's important to continue the fight to bring down inflation.