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The Latest Breaking News from US Federal Reserve

US officials signal new rules for banks after SVB, Signature failures

Top U.S. financial officials on Tuesday outlined what’s likely to be the biggest regulatory overhaul of the banking sector in years, in an initiative aimed at addressing underlying issues that contributed to the collapse of Silicon Valley Bank and other U.S. regional lenders.

Tribune News Service

3 Stocks to Plan on Retiring With

High inflation and stock market volatility necessitate adding a defensive layer to your portfolio to save yourself from exhausting all your savings. Hence, one could consider planning their retirement with quality stocks Oracle Corp. (ORCL), CVS Health (CVS), and Humana (HUM), given their strong fundamentals and steady returns. Read on….

StockNews.com

Goldman Sachs says the banking meltdown is a 'headwind' for the economy but not a recession-causing 'hurricane'

Goldman's chief economist believes tighter lending standards after SVB's collapse will help fight inflation instead of causing a "hurricane that pushes the economy into recession."

Fortune

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The huge question created by SVB's failure

A huge open question is not whether bank supervisors can identify problems but what ought to happen when they do.

Axios

3 of the Strongest Stocks to Buy Right Now

Rekindled recession worries amid upheaval in the banking sector and the Fed’s further tightening of monetary policy could keep the stock market volatile in the near term. Given this backdrop, we think the strong growth prospects of UnitedHealth Group (UNH), Danaher Corp. (DHR), and ServiceNow (NOW) make these stocks solid…

StockNews.com

Fed’s Barr: SVB ignored ‘bread and butter’ banking issues - Roll Call

The Fed official in charge of bank supervision said SVB was warned about its risks and that it ignored “bread and butter” banking issues.

Roll Call

Use These 3 Stocks to Build a Strong Foundation in Your Portfolio

Sales of new and existing homes suffered considerably last year due to high mortgage rates. However, the declining mortgage rates over the past few months made home buyers active again. As mortgage rates are expected to decrease further, investing in homebuilder stocks Sekisui House (SKHSY), Tri Pointe Homes (TPH), and…

StockNews.com

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Billionaire ‘Bond King’ Jeff Gundlach tells the Fed it must choose between fighting inflation or rescuing banks—it can’t do both

The DoubleLine CEO predicted a recession is just months away.

Fortune

Homes are less affordable than at any time since 2008

According to the Federal Reserve Bank of Atlanta, the pandemic has coincided with a historic deterioration in housing affordability.

Fortune

Fed official: SVB itself was main cause of bank's failure

The nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s failure earlier this month and says the Federal Reserve will review whether a 2018 law that weakened stricter bank rules also contributed to its collapse

The Independent UK

As another Fed official rips the 'textbook case of mismanagement' at SVB, he's also turning the mirror on his own failures

The Fed's vice chair for supervision, Michael S. Barr, says he is “committed” to finding “any supervisory or regulatory failings” that led to SVB's collapse.

Fortune

Federal Courts Clash Over Financial Watchdog's Constitutionality

The CFPB funding scheme is constitutional, the 2nd Circuit says.

Reason

A recession in 2023 is now inevitable. Layoffs in tech and finance will spread to other sectors

Don't let a seemingly strong jobs market fool you–the data today is reminiscent of the early days of past recessions, according to Murray Sabrin.

Fortune

Fed official: Regulators will ensure all deposits are 'safe'

The nation’s top financial regulator pledged that the Federal Reserve and other agencies will take whatever steps they deem necessary to protect depositors and the banking system two weeks after two large bank collapses triggered financial turmoil in the United States and Europe

The Independent UK

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Fortune

Banking crisis has ‘definitely’ tipped the U.S. closer to recession, warns top Fed official who was at the center of the 2008 bailout

“Not all of these stresses are behind us," warns Minneapolis Fed President Neel Kashkari, the former administrator of the Troubled Asset Relief Program.

Fortune

Elon Musk says the state of the commercial real estate debt market is ‘by far the most serious looming issue’

Not only is Elon Musk worried about troubled commercial real estate loans maturing during a period of spiked interest rates. He says it's the next crisis.

StockNews.com

3 Stocks to Avoid in April 2023 at All Cost

Coupled with the recent banking collapses, the Fed’s hawkish stance to curb inflationary pressures have stoked recessionary fears among market experts. Consequently, market volatility is expected to continue for a while. Against this backdrop, stocks with bleak prospects, Norwegian Cruise Line Holdings (NCLH), First Majestic Silver (AG), and Nano Dimension…

Fortune

Legendary investor Mark Mobius expects more interest rate hikes but thinks the economy will do well anyway

He thinks that the U.S. money supply and government-led infrastructure spending will keep the economy robust.

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news in one place.

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Axios

Top Fed official: Silicon Valley Bank was "textbook case of mismanagement"

A congressional hearing on Silicon Valley Bank’s failure will begin on Tuesday.

Fortune

Bank failures have 'increased' threats to global financial stability, IMF says

Global economic growth was expected to slow this year, but this month's banking crises have raised the risk of even bigger problems.

Roll Call

Fed chair to speak to House GOP lawmakers Wednesday - Roll Call

Federal Reserve Chair Jerome H. Powell is set to visit Capitol Hill and will attend the Republican Study Committee's weekly lunch.

Caixin Global

Editorial: Lessons From the Collapse of Silicon Valley Bank

By taking every crisis suffered by others seriously, we can minimize our own crises

StockNews.com

3 of the Best Growth Stocks to Buy Today

The turmoil in the banking sector might prompt the Fed to pivot from its hawkish policy, which should benefit growth stocks. As the central bank may be nearing the end of its rate-hiking cycle, fundamentally strong growth stocks Visa (V), Adobe (ADBE), and Sociedad Química (SQM) might be ideal buys.…

Barchart

Stocks Set to Open Higher as SVB Deal Calms Banking Sector Fears

June S&P 500 futures (ESM23) are up +0.34%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.15% this morning as market participants welcomed the news that First Citizens BancShares had agreed to acquire Silicon Valley Bank’s deposits and loans.

The Times of India

First Citizens buys Silicon Valley Bank

NEW YORK: First Citizens BancShares Inc agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.

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