Asian Financial Stocks Decline as Investors Assess SVB Risks
Asian financial stocks fell for a second day as the failure of Silicon Valley Bank deepened concerns that soaring interest rates are eroding balance sheets across the sector.
Bloomberg Business
Pension Titans Buy Bonds on Recession Bets as Markets Whipsaw
For some of Australia’s biggest investors, a recession is a certainty and they’re buying bonds to position for the slowdown.
Gundlach, Ackman Weigh Fed’s US Bank Rescue Impact on Markets
The failure of Silicon Valley Bank and the government rescue of its depositors are ripping through market bets on everything from the economy to the US interest-rate outlook.
New Premier Seeks to Allay Private Firms’ Concerns: NPC Update
Li Qiang spent his first national press briefing as China’s new premier trying to inject confidence into battered private firm owners and skeptical investors as the world’s second-largest economy slowly recovers.
BOJ Pivot Pressure to Ease as SVB Collapse Drags US Yields Lower
The pain in the US banking sector may turn out to be a blessing for incoming Bank of Japan Governor Kazuo Ueda.
Banks in India Stand Out Amid SVB Crisis, Macquarie Says
Indian banks’ large reliance on local deposits cushions them as global peers are facing potential contagion from the woes emanating from Silicon Valley Bank, according to Macquarie Group Ltd.
Signature Seized by Regulators as Pain Spreads From SVB’s Fall
The sudden closure of New York’s Signature Bank by state regulators Sunday underscored the urgency of extraordinary US efforts to backstop the nation’s banking system and quell mounting concerns among customers about the safety of their deposits.
Adani Founders Prepay Share-Backed Loans Worth $2.15 Billion
Billionaire Gautam Adani and family have completed full prepayment of margin-linked, share-backed funding worth $2.15 billion before a March 31 deadline, the conglomerate said Sunday.
China’s Premier Downplays GDP Growth, Courts Private Firms
China will protect the rights of entrepreneurs and continue to support private businesses, Premier Li Qiang said in his first public comments since taking office, while also downplaying the importance of the economic growth rate.
Gundlach Warns of ‘Imminent Recession’ Amid Yield Curve Move
The recent performance of the US Treasuries yield curve is “highly suggestive of imminent recession,” according to DoubleLine Capital LP Chief Investment Officer Jeffrey Gundlach.
