Thursday, March 23, 2023

Friday's News Links

[Yahoo/Bloomberg] Stocks Drop as Bank Woes Grip Traders: Markets Wrap

[Reuters] Deutsche Bank and UBS shares hammered as banking fears keep tight grip

[Reuters] Deutsche Bank shares plunge, default insurance at highest since 2018

[Yahoo/Bloomberg] Global Bonds Rally as Renewed Bank Concerns Fuel Rate-Cut Bets

[Yahoo/Bloomberg] Emerging Markets Retreat as Traders Hedge for ‘Risk-Off Event’

[Yahoo/Bloomberg] Oil Dives Afresh as Equity Markets Slump and Dollar Rallies

[Yahoo/Bloomberg] Fed’s Central Bank Dollar Tool Tapped for Record $60 Billion

[Reuters] Banks Are Still Drawing on the Fed for $164 Billion of Emergency Cash

[Dow Jones] Moody's sees risk that U.S. banking 'turmoil' can't be contained

[Yahoo/Bloomberg] BofA Says Investor Rush to Cash Is Fastest Since Covid Hit

[Yahoo/Bloomberg] Asia Bank AT1s Also Have Swiss Wipeout Clause, Report Says

[Reuters] Japan's consumer inflation off 41-year high but cost pressure persists

[Yahoo/Bloomberg] Japan Service Activity Marks Strongest Since 2013 on Tourism

[Reuters] U.S. and China wage war beneath the waves – over internet cables

[Reuters] China detains staff, raids office of US due diligence firm Mintz Group

[AP] N Korea says it simulated nuke attacks with drone, missiles

[AP] North Korea claims ‘radioactive tsunami’ weapon test at sea

[Bloomberg] Unusual $828 Billion Loan Market Magnifies Housing Risk in Korea

[WSJ] Companies Big and Small Lose Access to Credit Amid Bank Stress

[WSJ] Janet Yellen’s Blurred Lines on Bank Depositors

[WSJ] What Are AT1 Bonds, and Why Are They Risky?

[WSJ] Unlimited Deposit Insurance Can’t Solve Everything

[FT] Gold shines as rate declines come closer

[FT] Executive pay at Silicon Valley Bank soared after big bet on riskier assets

Thursday Evening Links

[Reuters] Wall St ends higher as Yellen vows actions to safeguard deposits

[Yahoo/Bloomberg] Tech Giants Drive Stock Rebound While Banks Drop: Markets Wrap

[Yahoo/Bloomberg] First Republic Whipsaws Traders in Volatile Day for Bank Stocks

[Reuters] Yellen says US prepared to take additional actions to keep bank deposits safe

[CNBC] Banks ramp up use of new Fed facility created during crisis

[AP] Fed’s unwanted ally in bid to tame inflation: Credit crunch

[Reuters] Factbox: Warren Buffett's investments in financial firms

[Reuters] IMF: Lebanon in 'very dangerous situation' with reforms stalled

[NYT] Banks Are Borrowing More From the Fed: What to Know

Thursday Afternoon Links

[Yahoo/Bloomberg] Tech-Led Stock Rally Fades as Banks Resume Losses: Markets Wrap

[Reuters] First Republic's marginal gains keep stock close to record-low levels

[Reuters] Yellen, caught between financial markets and US Congress, pleases neither

[Reuters] Central banks keep hiking rates amid banking turmoil

[Reuters] 'Most vulnerable' U.S. banks lost $1 trillion in deposits in a year -JPMorgan

[Yahoo/Bloomberg] US New-Home Sales Unexpectedly Rise, Showing Some Stabilization

[Yahoo/Bloomberg] US Mortgage Rates Fall for Second Week, Sending 30-Year to 6.42%

[Yahoo/Bloomberg] EU Regulators to Rethink Liquidity After Credit Suisse Unravels

[Yahoo/Bloomberg] Ukraine Latest: Slovakia Transfers First MiG-29 Jets to Kyiv

[Reuters] US watchdog warns of risks of buying crypto asset securities

[Reuters] Accenture trims forecasts, to cut 19,000 jobs as IT spending slows

[FT] Tett: American banks face a looming credit risk

[FT] China’s billionaires pay the price for Xi Jinping’s Covid crackdown