Deposits at U.S. Commercial Banks Drop, Stabilization Seen at Smaller Banks Deposits at all U.S. commercial banks declined in the second week of April, according to data released by the Federal Reserve. The drop, on a non-seasonally adjusted basis, was from $17.43 trillion to $17.38 trillion, with the majority
Vanguard, one of the world’s largest asset managers, reportedly increased its exposure to large banks’ bonds during the recent banking rout in March. According to a report seen by Reuters, Vanguard saw the collapse of two U.S. regional banks as an opportunity to add bonds from large banks at cheap
Norway’s Sovereign Wealth Fund Rejects Climate Resolution Norway’s sovereign wealth fund, officially known as Norges Bank Investment Management (NBIM), which operates one of the world’s largest investment funds worth $1.4 trillion, has announced its decision to vote against a resolution filed by activist group Follow This, calling on British
The Bank of England is facing the challenge of rising inflation in recent months, and Deputy Governor Dave Ramsden has emphasized the need to tighten monetary policy in order to control inflation and prevent the development of an “inflationary mentality.” In an interview published in The Times, Ramsden expressed concerns
Federal Reserve Governor Lisa Cook lately delivered a speech at Georgetown University McDonough School of Business, where she bandied the outlook for financial policy in light of the central bank’s former aggressive way to lower price pressures. As the Federal Reserve prepares for its coming decision on interest rate policy,
As the U.S. stock market tests the upper range of a months-long holding pattern, investors are getting mixed signals from two different analytical styles. Technical indicators show that equities are primed for further gains, while fundamental analysis paints a different picture of potential choppiness ahead. Technical analysts primarily rely on
Colombia’s central bank board is set to hold a meeting next week to decide whether to hold interest rates steady or increase them as the country battles with high inflation. The bank has been in a tightening cycle meant to fight inflation for the past 18 months, and analysts are
Short-sellers betting against European banks face losses as sector rebounds Short-sellers who bet against European banks are facing significant losses as the sector recovers from the shock downfall of Credit Suisse. Despite anticipating weak quarterly earnings, the sector’s strong performance has caused short positions to underperform, resulting in losses
Zambia on the Verge of Debt Relief Deal with Official Creditors Zambia’s Finance Minister, Situmbeko Musokotwane, has announced that the country is close to signing a memorandum of understanding (MOU) with its official creditors on debt relief. The country became the first African nation to default on its sovereign
Hedge funds have attracted $9.1 billion in new money during the first three months of 2023, marking the first quarterly inflow since early 2022, according to data from Hedge Fund Research (HFR). The inflows come after a year of heavy outflows as investors navigated a banking crisis and faced fears
Introduction China’s private sector has been facing challenges due to regulatory curbs, hurting their growth and development. However, the ruling Communist Party has recently passed guidance to promote private firm development and remove institutional barriers that prevent them from participating in fair market competition. This article will delve into the
Introduction On Friday, U.S. stock index futures fell as investors digested a mixed bag of earnings reports and awaited more data for clues on the Federal Reserve’s interest rate path and the state of the economy. This article will delve into the impact of mixed earnings reports and weak economic