Is stubbornly persistent U.S. inflation on the verge of a sharp slowdown? Some tantalizing hints point in that direction.
: Every hiking cycle over the last 70 years ends in recession or a financial crisis. ‘It’s not going to be different this time,’ Morgan Stanley strategist says.
Something broke after all those rate hikes. Here’s what Morgan Stanley’s European strategist advises now.
Brett Arends’s ROI: Study: These foods raise your risk of dementia — a lot
: ‘Judgment day is coming’: SVB Financial Group files for Chapter 11. More businesses and consumers are also filing for bankruptcy.
Tightening credit access and rising interest rates for businesses and consumers will likely lead to more bankruptcies, experts say.
: First Republic Bank gets downgrade to junk from Moody’s
Moody’s Investors Service downgraded its rating on First Republic Bank’s credit to junk late Friday, citing a “deterioration in the bank’s financial profile.”
: Pacific West says it has ‘solid liquidity’ with $10.8 billion in available cash Friday
Pacific Western Bank became the latest bank seeking to reassure investors of its positioning, saying late Friday that it “continues to have solid liquidity.”
Market Extra: From SVB’s sudden collapse to Credit Suisse’s fallout: 8 charts show turbulence in financial markets
A tumultuous week in the U.S. financial markets tied to risks in the banking sector ended on an uncertain note.
: UBS in discussions to buy Credit Suisse: report
UBS Group AG is in talks to buy all or parts of Credit Suisse, with their boards meeting separately over the weekend, the Financial Times reported late Friday.
NerdWallet: Is my money safe in the bank? How can I cover expenses if my bank fails? Answers to common questions about the SVB fallout.
Bank failures are rare and the FDIC can usually protect customers, but many people are wondering: How does SVB’s collapse affect me? Here are some answers.
NerdWallet: What are credit unions and are they better than big banks? Here’s how they work and how they can help boost your finances.
Compared with big banks, a credit union may offer better rates for stashing your cash or borrowing money, especially during these economic times.
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