Us Federal Reserve

US Fed admits to failure in identifying start-up bank troubles

SVB’s failure on March 10 after taking on too much interest-rate risk caused shock waves throughout the banking sector, and led to the failure of another regional US bank and the merger under pressure of Swiss investment banking giant Credit Suisse

Amid banking sector turmoil, Switzerland and Norway hike key interest rates to rein in inflation

Switzerland at the weekend had brokered the takeover of crisis-hit Credit Suisse by its Swiss rival UBS. The buyout followed the collapse this month of Silicon Valley Bank and Signature Bank in the United States, which sent shockwaves across global markets

US Federal Reserve hikes interest rate amid banking turmoil: Does this affect American credit card spending, home loans?

The US Federal Reserve raised its benchmark interest rate by a quarter point. The ninth consecutive increase in a year was made despite fears that it could add to financial turmoil after a string of bank failures. Here’s a look at how the hike will affect finances — from credit cards to car loans

US stocks tumble after Fed rate hike, concerns on economy

The tumble came after European markets made timid gains ahead of the US central bank's rate decision, and follows a relief rally earlier this week

Will the Credit Suisse bank takeover ease financial fears?

Credit Suisse isn't just any bank. Unlike midsize Silicon Valley Bank, which went under earlier this month in the US, it is one of 30 banks classified as globally significant because it could pose a risk of bigger trouble if it collapses

Recession in United States a growing fear as Fed plans to keep rates high

Stock markets buckled on the growing realization that the Fed may be willing to let the economy slide into recession if it decides that’s what's needed to drive inflation back down to its 2% annual target

Asian shares decline after retreats on Wall Street, Europe

The wave of selling came as central banks in Europe raised interest rates a day after the US Federal Reserve hiked its key rate again, emphasizing that interest rates will need to go higher than previously expected in order to tame inflation

Sensex tanks 879 points as hawkish Fed floors global markets

A depreciating rupee added to the gloom, traders said. Reversing its two-day winning run, the 30-share BSE Sensex tanked 878.88 points or 1.40 per cent to finish at 61,799.03

Meet the two women whose signatures will appear on US currency for the first time

The new notes unveiled will feature the signatures of two women: US Treasury Secretary Janet Yellen and Treasurer Lynn Malerba

Hong Kong housing likely to turn least affordable in 24 years as banks set to hike lending rates

The percentage of monthly household budget used for mortgage repayments in the Asian financial hub could touch 60.1%, the least affordable level since 1998, if mortgage rates rise to 3.5%