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Two officials of the Federal Reserve indicated that it is necessary to reform the discount window tool.
Boorman, a director of the Federal Reserve, and Logan, the president of the Dallas Federal Reserve, suggested that the Federal Reserve should assess to what extent its emergency lending tools can meet the liquidity needs of the banking system, implying the need to reform the discount window.
Mortgage Rates Fall to the Lowest Level in Four Months, While Refinances Jump 15%
Some homeowners with high mortgage rates are rushing to refinance, industry group says
Citic Securities: Bank of America still in crisis, regional small and medium banks' turmoil resurfaces.
Under the benchmark expectations of NBER, if some small and medium-sized banks are indeed facing bankruptcy risks, it is expected that the performance of the US stock market will be similar to the bankruptcy event of Silicon Valley Bank (SVB) in 2023, and the market trend will be mainly driven by investor sentiment; in this scenario, the market performance of cyclical industries may continue to be under pressure, while the market performance of defensive industries may be relatively stable.
Mortgage Applications Fall as Rates Increase, MBA Says
Mortgage applications declined for the first time in several weeks as interest rates increased, the Mortgage Bankers Association said Wednesday.
The Federal Reserve: The largest banks in the United States have sufficient capital to cope with economic disasters.
On Wednesday, the Federal Reserve stated that the annual bank stress test results showed that the largest banks in the United States have enough capital to withstand an economic crisis.
Regional Banks Want to Slim Down. Hedge Funds Smell a Bargain
By Matt Wirz Regional banks around the U.S. are striking complex and costly bargains with hedge funds, hoping to insulate themselves from a replay of the turmoil that followed Silicon Valley Bank's f