Tag: interest rate

July 25, 2023

Today’s elevated interest-rate environment is challenging banks with managing their interest-rate risk while meeting the needs of their customers, especially commercial borrowers. With interest rates constantly fluctuating, navigating these complexities to stay competitive and protect relationships may seem difficult. But […]

July 10, 2023

SVB Financial Group is suing the Federal Deposit Insurance Corp. to recover around $1.9 billion in cash the regulator seized after taking over failed Silicon Valley Bank in March, according to a complaint filed Sunday. The suit claims the lack […]

April 4, 2023

Recent stress in the banking sector continues to affect the operations and financial positions of banks in the U.S. While executive management teams analyze events and take actions to address the needs of their institutions and customers, there are important […]

March 23, 2023

Gold prices surged on Thursday amid U.S. dollar weakness after the FOMC delivered a dovish interest rate hike and signaled that its tightening campaign may be nearing its end. In late morning trading, XAU/USD was rallying about 1% to $1,986, […]

June 17, 2022

Contractionary monetary policy is the process whereby a central bank deploys various tools to lower inflation and the general level of economic activity. Central banks do so through a combination of interest rate hikes, raising the reserve requirements for commercial […]

June 14, 2022

Prices for shelter, gas and food all rose in May following an April decline, with overall inflation increasing rapidly past expectations, damping hopes that inflation had peaked and intensifying fears of a recession. Mason’s comments come on the heels of […]

May 17, 2022

In this edition of Central Bank Watch, we’ll cover the two major central banks in Europe: the Bank of England and the European Central Bank. There’s been somewhat of a divergence between the BOE and ECB in recent weeks, where […]

April 15, 2022

Three credit unions have filed a federal class action lawsuit in the Southern District of New York seeking to halt the enforcement or implementation of New York’s recently passed S.B. 5724A which would retroactively and prospectively lower the statutory annual […]

January 25, 2022

In this edition of Central Bank Watch, we’ll review comments and speeches made by various Federal Reserve policymakers in the week ahead the communications blackout window around the January Fed meeting ended. The blackout started on Saturday, January 15, leaving […]

January 27, 2021

This trading shift is dealing a blow to the City of London, highlighting the importance for the UK of reaching a post-Brexit agreement on financial regulation with the EU. The International Financial Review (IFR) reports that volumes of euro interest-rate […]

January 11, 2021

Interest rates could rise sooner than forecast as the economy recovers more quickly than expected from the throes of the Covid-19 damage, Atlanta Federal Reserve President Raphael Bostic said Monday. While most of his colleagues don’t see a rate hike […]

March 25, 2020

An increase in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to back away from the mortgage market. Total mortgage application volume fell 29.4% last week from the previous week, according to the […]

January 10, 2020

After 12 months of offering multiple introductory rates, banks will then have to decide on one single easy access rate (SEAR) for their easy access cash savings accounts, and one for their easy access cash savings ISAs. The regulator says […]

November 5, 2019

Equity Residential entered into a $2.5 billion multi-currency revolving credit facility, replacing its existing $2 billion credit agreement. The new facility matures on November 1, 2024, and can be extended or increased, subject to lender consent and customary conditions. The […]

October 22, 2019

After shaking up trading commissions, fintech companies are looking at a new Wall Street area to disrupt: interest rates. A wave of fintech companies are now offering a 2% or higher rate, which is more than 20 times the national […]

June 4, 2019

If the Federal Reserve meets market expectations and cuts interest rates this year, it would be more to assuage flagging confidence than it would be to address any particular ill. After all, most of the signs for the economy remain […]

May 14, 2019

Torturously slow recoveries from recessions and low inflation are here to stay unless policymakers can get a better grip on how to stabilize the global economy in an era of lower interest rates, a top Federal Reserve policymaker said on […]

December 20, 2018

The widely expected interest rate hike was announced at the end of the two-day Federal Reserve Open Market Committee (FOMC) meeting yesterday. The federal funds rate, increased for the fourth time this year, now stands at 2.25-2.50%. Despite this, majority […]