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Global Banks

All articles tagged with #global banks

economics1 year ago

"India's Shift from Russian to U.S. Oil Impacts Global Markets"

Russia's oil industry is feeling the impact of intensified Western sanctions, with global banks turning away from doing business with the country and hindering cross-border payments. Despite efforts to pivot to alternative markets like India and China, Russian banks and companies are facing difficulties in conducting cross-border payments due to the sanctions. Governor of the Bank of Russia, Elvira Nabiullina, acknowledged the challenges and stated that they are exploring new methods to make payments with other countries.

via Business Insider|
#cross-border-payments#economics#global-banks
economy2 years ago

Divergent Views: Global Banks Optimistic, US Companies Cautious on Recession Outlook

Global banks are no longer forecasting a U.S. recession for 2024, but companies and investors remain cautious due to tepid consumer demand. While investment bank analysts are optimistic about growth prospects, real money managers trust the more circumspect companies. Major banks predict constrained global growth in 2024 due to elevated interest rates, pricier oil, and a weakened China, but with low odds of a recession. Companies are describing demand as weak, soft, and sluggish, and are cutting inventories accordingly. Walmart and Dollar General have expressed caution about consumer spending, while Procter & Gamble remains optimistic. Fund managers are focused on whether the Federal Reserve can avert a recession while containing inflation. Surveys show that consumer spending has been cooling, and economists' probability of a U.S. recession within a year has decreased. Forecasts for 2024 are more conservative, with even the most bullish predictions expecting single-digit gains for U.S. stocks.

via Reuters|
#consumer-demand#economy#global-banks
finance2 years ago

The Future of Banking After the Recent Meltdown.

Global banks have had their worst week since 2008, with the collapses of Silicon Valley Bank and Signature Bank causing widespread fallout. Credit Suisse and First Republic also wobbled but remained upright through the week, with Credit Suisse announcing it will take up to $53.7 billion in support offered by the Swiss central bank to stay afloat. Meanwhile, Meta Platforms announced a shift in strategy towards artificial intelligence and cost-cutting measures, pleasing investors and causing shares to rise nearly 9%.

via CNN|
#credit-suisse#federal-home-loan-bank#finance
finance2 years ago

Market Turmoil: Treasury Yields and Bank Stocks Plunge.

The markets for U.S. Treasurys and German bunds have experienced a sharp decline in liquidity, making trading difficult and slower. This is due to concerns about the health of global banks, and the stress is now spreading to other markets, including derivatives. Traders are experiencing wider price spreads and slower executions, making it challenging to lock in prices and hedge risks.

via The Wall Street Journal|
#derivatives#finance#global-banks