Page 2 - Ana Arsov News Today

The US banking sector had a bad month in August, with several banks receiving downgrades from credit-rating agencies, capping off weeks of consternation about the sector’s profitability and vulnerability after a series of large bank failures early in 2023. Most banks are seen as stable, but the downgrades portend trouble ahead for some.

US banks aren’t taking any chances, increasing their provisions for loan losses as the Fed’s monetary tightening lingers and the likelihood of recession looms. A few sectors of the US economy, especially commercial real estate and some corporate entities, seem stressed, but banks continue to enjoy healthy profits from high interest rates.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

In this article, we discuss the top 10 bank stocks in the Goldman Sachs portfolio.

TOKYO (AP) — Asian shares mostly fell Wednesday after worries about the U.S. banking system set off a decline on Wall Street and amid concerns closer to home about Chinese economic growth. Japan’s benchmark Nikkei 225 lost 0.2% to 32,323.31 in morning trading. Australia’s S&P/ASX 200 was virtually unchanged, edging up less than 0.1% to […]

Wall Street slipped as worries about the banking system and the global economy forced more caution into financial markets worldwide. The S&P 500 fell 0.4% Tuesday and at one point

NEW YORK (AP) — Stocks closed lower on Wall Street as worries about the banking system and the global economy inject more caution into financial markets worldwide. The S&P 500 fell 0.4% Tuesday after paring an earlier loss.

Ten regional banks have had their credit ratings downgraded by risk rating firm Moody's - which has warned it is considering downgrading six others.

Credit rating agency Moody's Investors Service downgraded 10 regional banks and put six other lenders on notice that they are under review, the latest blow to an industry still reverberating from the March banking crisis that led three firms to collapse.

The Australian sharemarket opened in the green even as US stocks fell overnight amid concerns about the global economy.