market update

U.S. Treasury Secretary Reassured Support for Uninsured Bank Deposits to Stop Contagion

Mar 21, 2023

Barry Adams

The U.S. Treasury Secretary reassured investors that the government is ready and willing to act if needed to protect uninsured bank depositors.

Regional Banks Rebounded Awaiting the Fed's Rate Decision

Mar 20, 2023

Barry Adams

Benchmark indexes rebounded, regional banks recovered and crude oil price dropped to a new 15-month low. Regional banks urge lawmakers to extend guarantees to all uninsured deposits and prevent the outflows to larger banks.

Treasury Yields Rise As Unrealized Losses at Banks Are Set to Rise After Rate Hike On Wednesday

Mar 20, 2023

Barry Adams

The Swiss regulators and the central bank forced the purchase of Credit Suisse by UBS after months of assets and deposit outflows, removing one uncertainty from the global marketplace.

Investors are Waking Up to New Reality of Bank Stress, World Markets On Edge

Mar 17, 2023

Barry Adams

Market averages drifted lower on the final day of the week but the Nasdaq and the S&P 500 indexes advanced in a volatile week. Investors are asking more questions about the health of the U.S. banking system after rapid rise in rates dent assets at most banks.

Large and Regional Banks Selloff Drives Market Indexes Down On Wall Street

Mar 17, 2023

Barry Adams

Nervous investors sold bank stocks amid growing realization that the U.S. banking system may need fresh injection of capital from Federal Reserve.

11 Big Banks to Temporarily Deposit $30 Billion In First Republic Bank

Mar 16, 2023

Barry Adams

The $30 billion deposit from 11 largest banks in the U.S. may shore up confidence in First Republic for a while, but regulators will struggle to arrange similar temporary fixes as losses mount in the assets held by regional and large banks.

Federal Reserve and Regulators are Powerless In Preventing Bank Runs, U.S. Stocks Rebounded

Mar 16, 2023

Barry Adams

Financial and bank regulators are lagging in the fast evolving crisis in the mid-sized banks, aided by the rapid rise in interest rates.

Bank Sector Chaos Highlights Deeper Regulatory Shortfalls, Crude Oil at New 15-month Low

Mar 15, 2023

Barry Adams

Banks resumed selloff amid growing worries of the rising interest rate risks evolving to deposit risks forcing banks to raise more capital and seek merger partners. Crude oil dropped to a new 15-month low.

European Markets Closed at One-year Lows On Rising Bank Sector Worries

Mar 15, 2023

Bridgette Randall

New worries of the health of the banking system added to market jitters as investors grappled to separate undercapitalized banks that may suffer from high interest rate risks.

Stock Markets Tumble as Bank Worries Spread to Europe

Mar 15, 2023

Barry Adams

Market indexes in the U.S. and Europe dropped sharply on the growing realization that rising interest rate risks could lead to deposit risks and may create conditions for a bank run at undercapitalized banks.

Wall Street Powered Ahead as Interest Rate Risks Deepen for U.S. Banks

Mar 14, 2023

Barry Adams

Swift and strong actions by bank regulators and government officials calmed market nerves. However, banks of all sizes face larger interest rate risks and worries of deposit outflows as the economy slows down and higher rates stay longer.

Major Averages Advanced After February Inflation Eased, Regional Banks Rebounded

Mar 14, 2023

Barry Adams

Market indexes advanced after overall inflation eased in February. Regional banks rebounded and trimmed losses of the previous three sessions. Moody's lowered its view on the entire U.S. banking system and placed six banks on its watch list.

Sharp Swing In Treasury Yields After Traders Bet On Rate Hike Pause

Mar 13, 2023

Barry Adams

Treasury yields dropped the most since 1987 after a 3-dey decline extended losses to the levels not seen in decades as investors grappled with what else financial regulators and the Federal Reserve bankers do not know.

Federal Reserve, FDIC and Treasury Department Move to Stop SVB Contagion from Spreading

Mar 13, 2023

Barry Adams

Financial regulators and Treasury officials worked together to prevent the SVB fallout from spreading to other banks and keep the banking system stable. Despite the swift actions, future interest rate hikes are only going to exacerbate the situation for thinly capitalized banks with a higher percentage of uninsured deposit base.

Silicon Valley Bank's Rapid Collapse Fueled Losses On Wall Street

Mar 10, 2023

Barry Adams

The rapid demise of Silicon Valley Bank highlighted fragility of the banking system and inadequacies of the regulatory system. Investors shunned bank stocks in the US and Europe and major averages dropped 2%.