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One year after Silicon Valley Bank collapsed in just 48 hours, US regulators closed another regional lender, Republic First Bank, which operated in Pennsylvania, New Jersey and New York. ....
Technology spending in the banking, financial services and insurance sector is expected to bounce back as monetary policy begins to loosen globally, but unless client budgets increase significantly, the risk of revenue-growth disappointments remains. ....
Also, if interest rates come down globally, the share of allocation towards emerging markets and the growth capital will go up from the institutional investors ....
The regional banking crisis that occurred earlier this year continues to have a lasting impact on the regional banking industry and the economy. The crisis caused a tightening of credit conditions. As a result, credit availability has tightened and loan spreads have widened. Torsten Slok, chief economist at Apollo Global Management, said the banking crisis had "a magnifying effect" on the Fed s tightening but its full impact would come with a lag. ....