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
White House Prepares to Tap Derivatives Regulator to Oversee FDIC
The White House is close to naming derivatives regulator Christy Goldsmith Romero to head the Federal Deposit Insurance Corp., replacing the beleaguered banking agency's longtime chairman Martin Gruenberg.
Bank of America continues to be under pressure! FDIC: Q1 losses increased to $517 billion, and the number of problem banks rose to 63.
According to the first quarter report of FDIC, the banking system of Bank of America has a total of 517 billion US dollars in unrealized losses and there are 63 "problem banks".
Commercial property is full of crises! Axos (AX.US) is under attack from the bears, and banks in the United States are concerned about the resurgence.
Concerns about the real estate market are spreading within the Bank of America system.
US stocks closed | The three major indices collectively closed down, the Dow fell to a four-week low, and Nvidia reversed the market and closed at a new high
American Airlines fell nearly 16% in the intraday period, the biggest decline in nearly four years; Marathon oil closed up more than 8%; Faraday fell 62% in the future after the earnings report; China Securities Index fell 4.5%, and Xiaopeng Motors fell nearly 3%.
Profits in the US banking sector soared as large banks got rid of the costs of bankrupt banks
US banking profits surged 79.5% to $642 billion in the first quarter of 2024, mainly because large banks did not bear the multi-billion dollar special fees that were required to pay last spring to cover losses caused by bank failures.
Federal Reserve Chairman Powell says the banking system can withstand commercial real estate risks
Some US officials believe that the increase in non-performing loans in commercial real estate may cause some banks to go out of business, but it will not pose a risk to the entire system. Federal Reserve Chairman Jerome Powell agreed.
FDIC reforms give bank savers less protection
New rules implemented last month limit the Federal Deposit Insurance Corporation (FDIC) to insure trust accounts at $1.25 million.
美国FTC拟禁止华尔街竞业协议 但银行家和“园艺假”不在其中
对于华尔街的交易员和基金经理而言,如果以为当局对竞业协议的打击可以让自己无障碍跳槽到高薪竞争对手那里,估计是要大失所望的。
Bank of America reserve balances lost 286 billion dollars in a week, the biggest drop since the 2022 tax season
As Americans use bank accounts to pay income tax bills, the amount of reserves in the banking system experienced the biggest drop in two years.
US regional banks will remain under pressure
Although the crisis was overcome in 2023, the suffering of regional banks in the US is not over.
A new earnings season is about to begin, and the rise of large bank stocks is facing a test
Over the past six months, the stock prices of the largest banks in the US have all risen sharply and outperformed the S&P 500 index. As the new earnings season begins, it is a question whether these large banks can maintain this momentum.
US stocks closed | The NASDAQ rose slightly, Google rose more than 3% to a record high, Micron rose more than 5%, and Trump Media Technology fell more than 21%
Tesla's intraday decline of more than 3% covered most of the declines; Nvidia almost closed down, falling more than 1%; the chip stock index rose three times in a row, with Micron rising more than 5%; and Trump Media fell more than 21% after the earnings report.
When will the Federal Reserve end QT? Keep an eye on bank reserves and money market developments
The Federal Reserve faces yet another difficult challenge: reducing cash in the financial system without disrupting markets.
US stocks closed | The three major indices collectively closed down, Nvidia surged high and dived at the end of the session, and Tesla reversed the market and rose nearly 3%
The three major US stock indexes hit a one-week low during the intraday period, and the S&P Dow fell three times in a row. The AI “monster stock” ultra-microcomputer market initially rose 6% and then closed down nearly 2%; Trump's social media company debut closed up 16%. China's stock index fell four times in a row, with NIO falling more than 2%, Baidu falling nearly 2%, and Ali rising slightly.