Japan Firms Turn to Loans for Longer-Term Funding Amid BOJ Risks
Companies like Japan Airlines Co. are choosing bank loans over bonds for longer-term funding needs as investors bracing for an end to the era of ultra-cheap money drive up yields.
Bloomberg Business
Signature’s Dancing Bankers Sang About Big Profit Before Failure
“What possible fate will become of our bank?” a chorus belts. “Other than to diminish and fail?”
SVB Run Exposes Rifts in Typically Chummy Venture Capital World
Some tech investors blame their counterparts at other firms for whipping up the panic that brought down Silicon Valley Bank.
Populist Fury Grips Congress in Echo of 2008’s Bailout Backlash
Populists on both sides of the partisan divide in Washington can agree on one thing: They don’t like last weekend’s rescue of Silicon Valley Bank depositors and want to prevent anything like it from happening again.
US Bank Stocks Sink as Credit Suisse Fear Spurs Renewed Rout
Stocks of major US lenders sank with a sector gauge hitting the lowest level since November 2020 on Wednesday, following European banks down after Credit Suisse Group AG plunged.
From Biotech to Buzzfeed, These Were SVB’s Corporate Clients
Since Silicon Valley Bank’s collapse on Friday, listed companies big and small have come forward to try and reassure investors about their exposure to the failed lender.
Emerging-Market Fear Gauge Soars as Traders Expect Turmoil
The surging volatility across global financial markets sent shock-waves through emerging nations, with investors rushing to safety amid fresh turmoil at Credit Suisse Group AG.
Wall Street’s Old Guard Swoops In to Fix a Fresh Banking Mess
Franklin Raines has a name for battle-tested Wall Street figures who get brought in to clean up the nastiest problems at the biggest institutions: “mega finance veterans.”
Oil’s Tumble to 15-Month Low Accelerated by Algos, Options Moves
Oil closed at a 15-month low as a wave of technical selling and options covering accelerated a three-day slide.
Ex-LA Mayor Garcetti Prevails to Become US Ambassador to India
Former Los Angeles Mayor Eric Garcetti won a vote in the US Senate to become ambassador to India after his nomination was delayed almost two years over concerns he mishandled a sexual harassment case during his time in office.
