Page 59 - Us Fed News Today

Washington, March 23: The US Federal Reserve on Wednesday raised interest rate by 25 basis points, which is modest compared to previous hikes aimed at curbing inflation but came amidst uncertainty about the banking system that has taken a hit in the last few weeks triggering fears of a larger problem.

Crypto markets went back to euphoria as BTC ripped through the resistance with a 30% gain.

One crucial factor seen as a safeguard against a scenario of a liquidity crunch is the composition of deposits.

But Hong Kong lenders are well capitalised, far surpassing local or even international requirements set by regulators.

Rattled by runs on regional US banks and wild gyrations in stocks and bonds, bankers abandoned attempts to raise new funding for their corporate clients

SVB’s fate shows how financial institutions may fail to adapt to ‘tightening cycle’, PBOC deputy governor tells Beijing forum.

Currencies will give an early indication of investor sentiment, with trading in the Asia-Pacific region set to get under way at about 5 am Sydney time

India was relatively insulated in 2008 but it did not escape the global fallout that followed. Any big crisis in the west is bound to reach India via a general decline in growth impulses.

Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure, according to Business-standard

It’s becoming clear that investors and regulators have underestimated the scale of the damage wrought by the sudden surge in borrowing costs. SVB’s demise, in the wake of the UK pensions debacle, signals a slow-burn financial crisis unfolding.