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White House Works to Satisfy Senate Democrats in Fed Vice Chair Search
The Biden administration has narrowed its list of candidates and canvassed Latino economists. Source link
JPMorgan Flagged Epstein's Large Withdrawals Years Before His 2008 Conviction, Lawsuit Alleges
In 2006, court papers say, bank employees noted that the financier was withdrawing $750,000 a year in cash. Source link
Inflation Report Keeps May Interest-Rate Increase in Play
Fed officials have signaled greater uncertainty about the economic outlook following bank failures. Source link
Credit Suisse rescue package rejected by Swiss parliament By Reuters
© Reuters. FILE PHOTO: The logo of Swiss bank Credit Suisse is seen in front of a branch office in Bern, Switzerland November 29, 2022.
Fed Official: ‘We Need to Be Cautious’ on Raising Rates After Bank Failures
Potential fault lines surfaced on Tuesday over whether the Federal Reserve should proceed with interest rate increases next month as it studies the fallout from
Collapse of SVB, Signature Bank Tests the FDIC’s Executive Reserve Corps
Tim Mayopoulos was squashed into a middle seat in coach on his flight to San Francisco, the only one available when he booked that afternoon.
Credit Suisse's Risky-Bond Wipeout Hurts Asia's Rich
Private bankers from UBS and other international banks actively pushed AT1 securities to their wealthy clients for years. Source link
Houston Apartment Owner Loses 3,200 Units to Foreclosure
The U.S. multifamily housing sector is feeling the heat as interest rates rise and rent growth slows. Source link
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