Page 6 - Anna Driver News Today

On Feb. 1 as New York Community Bancorp stock fell amid worries about its real estate exposure, a regional bank hundreds of miles away got a call from Moody's. The ratings agency wanted to know if the bank was seeing any fallout. Moody's asked the bank, based in the U.S. south, a series of questions, ranging from whether its clients were worried and had withdrawn any deposits to what kind of funding facilities it had in place for contingencies, the bank's CEO said. The southern ...

A rethink on when the Federal Reserve will cut interest rates is reverberating through the fixed income market, heightening risk for those betting the explosive rally that took bonds higher at the end of 2023 will continue this year. Investors piled into Treasuries late last year on expectations that the Fed will cut rates as soon as the first quarter of this year, sending government bond prices roaring back from 16-year lows. Many are now recalibrating those bets following a blowout U.S. jobs...

A rethink on when the Federal Reserve will cut interest rates is reverberating through the fixed income market, heightening risk for those betting the explosive rally that took bonds higher at the end...

The U.S. Department of Homeland Security plans to hire 50 artificial intelligence experts this year to help it halt child abuse, counter fentanyl production and assess damage from natural... -February 06, 2024 at 05:07 pm EST - MarketScreener

WASHINGTON (Reuters) -The U.S. Department of Homeland Security (DHS) plans to hire 50 artificial intelligence experts this year to help it halt child abuse, counter fentanyl production and assess damage from natural disasters, as it seeks to increase use of the burgeoning technology. The agency, tasked with securing U.S. borders, announced the hiring effort at an event in Mountain View, California, headlined by Secretary Alejandro Mayorkas and Chief Artificial Intelligence Officer Eric Hysen. ...

A financial product that enables banks to shed risk from loan portfolios is gaining more popularity among lenders in the United States, with investors and lawyers devising new structures to broaden...

A financial product that enables banks to shed risk from loan portfolios is gaining more popularity among lenders in the United States, with investors and lawyers devising new structures to broaden its appeal. In deals known as credit risk transfers, banks effectively buy insurance from hedge funds and other investors against the risk of losses from loans. U.S. regulatory requirements set by the Federal Reserve restrict participation from insurance companies in these deals.

Options on new U.S. spot bitcoin exchange-traded funds (ETFs) could take months to gain regulatory approval, potentially dampening the appeal of the underlying products, multiple industry sources said. The Securities and Exchange Commission (SEC) last month approved spot bitcoin ETFs, in a watershed for the crypto industry. The SEC oversees technical rule changes that exchanges must make to list options, and typically approves them days after an ETF starts trading.

The launch of U.S. exchange-traded funds (ETFs) tracking bitcoin deepens ties between the volatile world of cryptocurrencies and the traditional financial system, potentially creating unforeseen new risks, some experts say. The Securities and Exchange Commission (SEC) this month approved 11 spot bitcoin ETFs from issuers including BlackRock and Invesco/Galaxy Digital, in a watershed moment for a crypto industry dogged by bankruptcies and crime. The SEC had long rejected the products citing inv...

A Delaware judge on Tuesday ruled that Elon Musk's record-breaking $56 billion Tesla pay package could be tossed, calling the compensation granted by the EV maker's board "an unfathomable sum" that was unfair to shareholders. Shares of Tesla dropped about 3% in extended trade. The ruling may sweep away the largest pay package in corporate America.