Goldman Readies Claims Trading for Wiped Out Credit Suisse Debt
Goldman Sachs traders preparing to take bids on claims against Credit Suisse riskiest bonds after takeover of Swiss lender wiped out 16BN of the debt.
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US Economy Has Investor Backing as Bank Risks Grow
Behind the recent financial turmoil and contagion fears, is a still-strong US economy, the MLIV Pulse survey shows.
Levinson’s Graticule Macro Hedge Fund to Shutter After Losses
Veteran macro trader Adam Levinson is shutting down his hedge fund after being hit by losses amid ongoing bond market volatility.
El-Erian Says US Banks Need a ‘Circuit Breaker’ After Upheaval
Mohamed El-Erian says the latest upheaval surrounding First Republic Bank will make banks rethink their standards and prepare for tougher regulation.
US Bank Giants Cut Direct Exposure to Credit Suisse for Months
Biggest US banks have been whittling down their direct exposure to Credit Suisse Group AG for months.
Dash for Cash by Banks Fuels Signs of Tension in Funding Markets
Signs of increased pressure w/in US dollar funding markets as fears grow around outlook for banks and turmoil drives lenders to shore up own cash buff
Silicon Valley Bank Committed 'One of the Most Elementary Errors in Banking,' Larry Summers Says
SVB failed because its managers made a textbook mistake, according to former Treasury Secretary Larry Summers.
