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Bank Volatility to Cut U.S. Economic Growth, IMF Says
Economy U.S. Economy Tighter lending expected to shave 0.44 percentage point off U.S. GDP in 2023, organization says Source link
Citi Long-Serving M&A Chief to Retire
One of Citigroup’s top dealmakers, Mark Shafir, is retiring from the investment bank. Source link
Is Russia’s Economy Growing or Shrinking? It Depends on the Forecaster.
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IMF Says Banking Troubles Create Headwinds for Global Economy
Economy International lender sees growth slowing this year, then picking up Source link
Auditors Didn’t Flag Risks Building Up in Banks
When KPMG LLP gave Silicon Valley Bank a clean bill of health just 14 days before the lender collapsed, the Big Four audit firm flagged
Stock Funds Rise 5.6% So Far in 2023
Journal Reports: Investing Monthly What Is Personal Cyber Insurance—and Should You Buy It? By Cheryl Winokur Munk April 9, 2023 at 3:00 PM ET Before
Binance.US Struggles to Find Bank to Take Its Customers' Cash
As a stopgap, the exchange is using at least one middleman to store user funds on its behalf. Source link
In Wake of SVB Collapse, Venture Lending Faces Uncertainty
Among the questions for venture capital after the Silicon Valley Bank debacle: Will funding get a lot more difficult for startups? Source link
First Republic Suspends Dividend on Preferred Stock
The San Francisco bank’s shares have fallen by nearly 90% since the beginning of March. Source link
Declines in Loan Values Are Widespread Among Banks
When Silicon Valley Bank collapsed last month, the core problem was a giant hole in its bond portfolio. When depositors started fleeing First Republic Bank soon