Deutsche Bank’s U.S. listed shares fell 10% in pre-market trading. European stocks came under pro-longed pressure Friday morning as banking sector woes fail to disperse. The DAX and FTSE 100 indices each fall by more than 2% in early morning trade. Central Banks Investors have been assessing the global centralRead More →
The recent inflation increase heaped on even more misery and pressure for the public as interest rates climb yet again in an effort to curb inflation Interest rate up As UK inflationary pressure increased again, as demonstrated recently by the unexpected move up from 10.1% to 10.4% – the BankRead More →
No UK recession in 2023 The UK is expected to avoid a technical recession in 2023, according to the Office for Budget Responsibility. But the economy is still expected to shrink by 0.2%. The most common definition of recession is that of a ‘technical recession’ in which there have been twoRead More →
Come deposit with us… Silicon Valley Bank is reportedly now marketing itself as the, ‘single safest place to keep or transfer your deposits.’ The new CEO is reported to have said, ‘There is no safer place in the U.S. banking system to put your deposits.’ WOW! That didn’t take longRead More →
Will the recent high profile bank failures spread to other smaller banks? The current meltdown in the banking sector has released fearful memories from the 2008 financial crisis to re-surface. In that major crisis, some of the biggest banks in U.S. collapsed, damaged by the discovery of sub-prime lending practicesRead More →
Failure and Frailties exposed in the banking sector After the failure of U.S. Silicon Valley Bank and Signature Bank and with the frailties exposed at Credit Suisse, other U.S. regional banks came under extended pressure yesterday. But these banks of critical concern were swiftly dealt a financial lifeline bringing themRead More →
SVB Collapse Reverberates Across Markets U.S. authorities took emergency action over the weekend to shore up the banking system after Silicon Valley Bank (SVB) and Signature Bank collapsed. Businesses and people who have money deposited with SVB would now be able to access their money from Monday, the government said.Read More →
Bitcoin gain Bitcoin hit $50,000 on Sunday, reaching a more than 3-month high, as the cryptocurrency continues to rebound. Bitcoin hit an all time high of over $64,000 in April 2021 – then but sold off in June and July, dipping below $30,000. But since mid July, bitcoin has beenRead More →
Market movement Stocks and oil prices fell on Thursday after the U.S. Federal Reserve intimated it could soon cut back its support An increase in the spread of covid-19 delta variant, signs of Chinese economic weakness and the Taliban’s takeover of Afghanistan also spooked investors. FTSE 100, Dow and S&PRead More →
Inflation at 2.5% The UK inflation rate hit 2.5% in the year to June, the highest for nearly three years, as the ‘re-opening’ of the UK economy continued. The Consumer Prices Index (CPI) measure of inflation rose from 2.1% in May, the Office for National Statistics (ONS) said, driven byRead More →