News with the tag "banking crisis"

The US banking crisis is what catalyzed the 2023 bull run, according to BitMEX’s Arthur Hayes.

While U.S. federal regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, have identified concerns with the crisis management tactics of four banks, in a recent interview with Kitco, market strategist Gareth Soloway expressed concerns. Soloway suggests someth...

Bitcoin price may be closer to the big milestone $100,000 mark than many realize as a looming banking crisis could see BTC become the new "safe haven asset."

Real Vision analyst Jamie Coutts says a key Bitcoin (BTC) indicator is suddenly flashing bullish amid fears of another US banking crisis. The former Bloomberg analyst tells his 18,200 followers on the social media platform X that macro conditions could soon send Bitcoin soaring. “The Federal Deposit...

U.S. banks reported an alarming increase in unrealized losses and a growing list of institutions at risk of failure in the first quarter of 2024, according to the latest U.S. Federal Deposit Insurance Corporation (FDIC) data. The FDIC report highlights $517 billion in unrealized losses and identifie...

Federal Deposit Insurance Corporation (FDIC) reported $517 billion in unrealized losses in the US banking system. FDIC says 63 banks are at risk of insolvency sparking concerns about the stability of the US economy and financial sector. The ISM Manufacturing PMI, which came in at 48.7 below forecast...

Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure. The study reveals that smaller and regional banks are experiencing stress due to burdensom...

Standard & Poors (S&P) just downgraded five more regional banks as pain in the sector continues to spread. In a new outlook report, S&P says it’s downgrading First Commonwealth Financial Corp., M&T Bank Corp., Synovus Financial Corp., Trustmark Corp. and Valley National Bancorp. All five banks were ...

In a bid to salvage its distressed situation, New York Community Bank (NYCB) has agreed to a $1 billion deal with a couple of investors. The New York Community Bank Crisis The last few weeks came with a lot of pressure for New York Community Bank as its shares is known to historically fall significa...

A former IMF official believes the U.S. Federal Reserve has pushed America to the brink of another banking crisis. Desmond Lachman, who was deputy director in the International Monetary Fund’s (IMF) Policy Development and Review Department, says in a new blog post for public policy think tank The Am...