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U.S. Bank Failures Pose Risk to Global Growth
Turmoil in the U.S. banking sector increases the risks of a global recession. Source link
Bank of England Lifts Rates by Quarter Point, Following Fed
The move marks a fresh sign that policy makers around the world are determined to press down on inflation despite strains in the banking system.
Steady Jobless Claims Show Labor Market Remains Strong
Worker filings for unemployment benefits held nearly steady last week, showing that the broader labor market remains robust despite layoffs. Source link
It Wasn’t Just Credit Suisse. Switzerland Itself Needed Rescuing.
ZURICH—The chairman of Switzerland’s largest bank received an urgent call last week. On the other end were three top Swiss officials who delivered an ultimatum