With the Collapse of SVB, Venture Debt is Drying Up
Year ago, venture debt financing was at peak yet $32B industry rarely made headlines. Fast forward to today, “the state of venture debt is declining.”
More US Consumers Are Falling Behind on Payments
Consumers are starting to fall behind on their credit card and loan payments as the economy softens, according to execs. at the biggest U.S. banks.
BofA Profit Beats Estimates as it Cashes in on Higher Interest Rates
(Reuters) - Bank of America Corp's first-quarter profit beat analysts' estimates as it collected hefty interest payments from customers, while its bond traders had their best quarter in a decade.
Rival banking giants JPMorgan Chase and Co and Citigroup Inc also reaped windfalls from higher interest payments in the first quarter, while setting aside billions of dollars to prepare for a worsening economy.
McCarthy Pledges Vote on US Debt Limit — With Spending Cuts
Speaker Kevin McCarthy told Wall Street audience US House will vote on plan to lift nation’s borrowing limit but not without new curbs on spending.
Investors Are the Most Bearish on Stocks Versus Bonds Since 2009
Investor allocation to equities relative to bonds has dropped to its lowest level since the global financial crisis.