Saturday, April 29, 2023

Sunday's News Links

[Reuters] PNC, JPMorgan putting in final bids for First Republic Bank in FDIC auction

[Reuters] First Republic auction underway, with deal expected by Sunday

[Reuters] Wall St Week Ahead Recession worries simmer beneath US stock market rally

[Yahoo/Bloomberg] Fed Seen Boosting Rates Even as Economic Risks Build

[Yahoo/Bloomberg] Fed & Co. Confront History of Mistakes as Hiking Cycle Nears End

[Yahoo/Bloomberg] Signs Are Mounting That a Debt Crunch is Looming

[Yahoo/Bloomberg] Munger Warns Banks Stuck with Commercial Property Debt, FT Says

[Politico] Top global regulator warns of ‘massive adjustment’ for financial system

[Reuters] China factory activity unexpectedly cools in April

[Yahoo/Bloomberg] China Reopening Party Over as Emerging Markets Slip Back to Void

[NYT] Regulators Prepare to Seize and Sell First Republic

[WSJ] What’s Going On With First Republic Bank?

[WSJ] Stock Market Calm Rekindles Debate Over Fed Tightening

[WSJ] Here’s What Treasury, Fed Might Do in a Debt Ceiling Crisis

[WSJ] The Building Boom Is Prolonging Market Pain

[FT] JPMorgan, Citizens and PNC submit bids for First Republic

[FT] Charlie Munger: US banks are ‘full of’ bad commercial property loans

Saturday's News Links

[Yahoo/Bloomberg] FDIC Asks Banks for Final First Republic Bids Due Sunday 

[AP] Inflation pressures remain persistent as consumers pull back

[Yahoo/Bloomberg] Bond Volatility Has Busted the 60/40 Portfolio’s Safety Valve

[Yahoo/Bloomberg] France Rating Cut to AA- From AA by Fitch on Deficits, Debt

[Reuters] California's fire season under way weeks after heavy rain and snow

[AP] Russian official: Ukrainian drones strike Crimea oil depot

[Reuters] US confiscates Iran oil cargo on tanker amid Tehran tensions

[Reuters] Russia pledges harsh response after Polish 'seizure' of embassy school in Warsaw

[NYT] Home Buyers Are Eager but Sellers Are Scarce, Creating ‘Real Gridlock’

[WSJ] The Banking Crisis: A Timeline of Silicon Valley Bank’s Collapse and Other Key Events