Thursday, March 16, 2023

Friday's News Links

[Yahoo/Bloomberg] Stocks Slip, Bonds Gain as Bank Angst Lingers: Markets Wrap

[Reuters] Credit Suisse shares tumble again, sentiment remains fragile

[Yahoo/Bloomberg] Asian Bank Stocks Regain Footing After US Peers Rally on Rescue

[Reuters] SVB Financial seeks bankruptcy protection for reorganization

[AP] Will Americans end up footing the bill for bank failures?

[Reuters] Yellen, Dimon, Powell helped clinch First Republic deal with key lawyer

[Reuters] China's leader to visit Moscow next week with U.S.-Russia relations at new low

[Reuters] China cuts banks' reserve ratio for first time in 2023 to aid recovery

[Yahoo/Bloomberg] Japan’s Labor Unions Set to Win Biggest Pay Increases in Decades

[Yahoo/Bloomberg] Hedge Funds Burned by Yen Shorts as SVB Fear Lifts Haven Demand

[Yahoo/Bloomberg] Central Banks Must Stay the Course on Rate Hikes, OECD Says

[Yahoo/Bloomberg] ECB’s Hawks Regroup to Speculate Rate-Hiking Isn’t Done Yet

[Reuters] Global money market funds draw massive inflows in week to March 15

[Yahoo/Bloomberg] Ackman Concerned About ‘Contagion Risk’ Spiraling Out of Control

[Reuters] Pressure mounts on Macron after violent unrest over pensions

[NYT] Mortgages, Wine and Renovations: Silicon Valley Bank’s Deep Tech Ties

[WSJ] China Frees Up Liquidity in Sign of Wariness About Recovery

[WSJ] Silicon Valley and Capitol Hill Build an Anti-China Alliance

[FT] Carl Icahn urges Fed to keep fighting inflation ‘disease’ after SVB collapse

Thursday Evening Links

[Yahoo/Bloomberg] Stocks Rally After Bank Rescue; Yields Jump: Markets Wrap

[Reuters] First Republic Bank gets $30 billion in deposits from big banks

[AP] Fed lent $300B in emergency funds to banks in the past week

[Yahoo/Bloomberg] Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity

[Reuters] US banking system sound but not all deposits guaranteed, Yellen says

[Reuters] Exclusive: California bank PacWest Corp in talks to get liquidity boost -sources

[Yahoo/Bloomberg] Executives Yank Money From Banks as Some Deposits Look Riskier

[NYT] Low Rates Were Meant to Last. Without Them, Finance Is In for a Rough Ride.

[WSJ] Eleven Banks Deposit $30 Billion in First Republic Bank

[FT] Xi tightens control with party overhaul of China government 

Thursday Afternoon Links

[Yahoo/Bloomberg] Stocks Surge as Banks Rebound; 2-Year Yields Jump: Markets Wrap

[CNBC] S&P 500 trades 1% higher as regional banks make up ground: Live updates

[CNBC] Bank shares rebound off lows on report big banks coming to the aid of First Republic

[Reuters] Banking system sound after 'decisive' actions, Yellen tells lawmakers

[Yahoo/Bloomberg] First Republic Goes From Wall Street Raider to Prey in Days

[Yahoo/Bloomberg] ECB Delivers Half-Point Hike But Offers Little on Next Move

[Reuters] ECB policymakers agreed on big hike only after Credit Suisse rescue - sources

[Yahoo Finance] Mortgage rates slide following bank turmoil

[Reuters] U.S. bank deposits have started moving to money market funds - Goldman Sachs

[Bloomberg] First Republic Poised to Get $30 Billion in Deposits in Rescue

[WSJ] Wave of Stealthy China Cyberattacks Hits U.S., Private Networks, Google Says

[WSJ] First Republic Bank Executives Sold $12 Million in Stock in Months Before Crash

[FT] Traders pull $3bn from crypto stablecoin USDC in three days