The collapse of Silicon Valley Bank is a result of a massive market bubble finally popping. Wall Street commentators agree the Fed has had a hand in the chaos via its aggressive rate hikes. “It is not a stretch to say that this episode is emblematic of the higher-for-longer rate regime,” Deutsche Bank analysts said.… Continue reading SVB’s collapse is what happens when an ‘everything bubble’ finally bursts
GOLDMAN SACHS: Here are the 12 best growth stocks among financials as the turmoil surrounding Silicon Valley Bank and Silvergate rocks the sector
Investors are fleeing bank stocks after the quick failure of Silicon Valley lender SVB Financial. So far, experts say its faults shouldn’t harm the rest of the US financial system. Goldman Sachs is pointing traders to the highest-growth stocks in the new-look financial sector. US financial stocks were walloped this week after the back-to-back failures… Continue reading GOLDMAN SACHS: Here are the 12 best growth stocks among financials as the turmoil surrounding Silicon Valley Bank and Silvergate rocks the sector
Silicon Valley Bank imploded in a single day. It could be just the tip of the iceberg.
The Federal Reserve’s prolonged period of low interest rates created many financial dislocations that are now flaring up.Case in point: Silicon Valley Bank imploded in a single day after surging interest rates caused it to sell a bond portfolio at a huge loss.The situation is an example of how low-interest-rate risk-taking can backfire as financial… Continue reading Silicon Valley Bank imploded in a single day. It could be just the tip of the iceberg.
ESG momentum is slowing for many investors, but not for women
Lisa Langley: Women are actively seeking progressive investment opportunities that can contribute to socioeconomic prosperity Women are shaping the future of investing by leading the charge in prioritizing ESG factors when making investment decisions. Photo by Getty Images/iStockphoto Women are innately the S and the G when it comes to environmental, social and governance (ESG)… Continue reading ESG momentum is slowing for many investors, but not for women
Canadian banks erase $19.7 billion in value on Silicon Valley Bank contagion
Scotiabank, BMO and TD fell more than 2% Author of the article: Bloomberg News Geoffrey Morgan Published Mar 10, 2023 • Last updated 1 day ago • 2 minute read 18 Comments Bank buildings in Toronto’s financial district. Photo by Tijana Martin/The Canadian Press files The fallout from Silicon Valley Bank’s collapse has led to a… Continue reading Canadian banks erase $19.7 billion in value on Silicon Valley Bank contagion
Silicon Valley Bank fails, shut down by California regulator
FDIC has been appointed as receiver Author of the article: The Associated Press Ken Sweet Published Mar 10, 2023 • Last updated 1 day ago • 2 minute read Join the conversation A California regulator shut Silicon Valley Bank on Friday. Photo by Dado Ruvic/Reuters illustration NEW YORK — The Federal Deposit Insurance Corporation seized the… Continue reading Silicon Valley Bank fails, shut down by California regulator
Kevin Carmichael: ‘Robust’ job numbers raise odds Bank of Canada will hike again
Headwinds from aggressive rate hikes yet to hit hiring Published Mar 10, 2023 • Last updated 1 day ago • 5 minute read 9 Comments Canadian employers added about 22,000 jobs in February, and the jobless rate held steady at a near-record low of five per cent, Statistics Canada said on March 10. Photo by Joe… Continue reading Kevin Carmichael: ‘Robust’ job numbers raise odds Bank of Canada will hike again
Loonie will be factor when deciding whether interest rates stay on hold: Bank of Canada
Canadian dollar’s decline could continue if U.S. Fed hikes rates higher Published Mar 10, 2023 • Last updated 1 day ago • 3 minute read 11 Comments A weaker Canadian dollar has the potential to make the Bank of Canada’s attempt to contain price pressures more complicated, said deputy governor Carolyn Rogers. Photo by National Post… Continue reading Loonie will be factor when deciding whether interest rates stay on hold: Bank of Canada
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