CHICAGO– Some Bank of America customers have reported missing money from their accounts, including funds from Zelle deposits and transactions. Rey Garcia has trusted Bank of America with his money for 20 years. But, when he noticed that the problem was happening to others, he went to verify his own account. I was surprised like …
The Bank of Japan defied market pressure and left its yield curve control measures unchanged, sending the yen plunging and pushing stocks higher as it stuck to a central pillar of its monetary policy ultra-accommodating. Tokyo traders said the BoJ’s decision, which came after a two-day meeting the penultimate under its longest-serving governor, Haruhiko Kuroda, …
Bank of Japan defies market pressure and firmly maintains yield curve control Read More »
Gambling shares jump after China grants licensing approvals Hong Kong-listed gaming stocks rose after China granted licensing approvals for 88 games, including NetEase, Tencent Holdings and miHoYo, marking a further easing of a crackdown on gaming in Beijing. Shares of NetEase jumped as much as 6.81% in early trade, hitting its highest level in more …
Asia-Pacific stocks generally trade higher, Bank of Japan leaves yield range unchanged Read More »
Investors expect the Fed to scale back its interest rate hike in February. Easing inflation is fueling a bullish view on a 25 basis point move, but housing prices may still look sticky to policymakers. Market moves suggest the “iceberg of fear” around inflation is receding, an analyst said. Loading Something is loading. Thank you …
New York CNN — JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock reported results on Friday that beat Wall Street forecasts, but investors were disappointed nonetheless. Trading was choppy, with most bank stocks falling at the open before rebounding. Shares of JPMorgan Chase (JPM) rose about 1% late in the morning while …
Bank earnings fail to impress investors as recession worries mount | CNN Business Read More »
JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. managed to beat Wall Street’s lowered fourth-quarter earnings expectations as higher interest rates boosted corporate earnings. loans. Banks posted stronger-than-expected results despite a slowdown in overall deal activity such as home mortgages and IPOs. But bank stocks lost ground on …
Customers withdrew $8.1 billion in deposits from Silvergate during a ‘crisis of confidence’ late last year, forcing the crypto-focused U.S. bank to sell assets and underscoring how the implosion of FTX has reached the regulated financial sector. The California-based group’s Thursday disclosure showing its digital asset customer deposits fell to $3.8 billion on December 31, …
Silvergate shares fall as crypto bank reveals $8.1 billion drop in deposits Read More »
The Bank of Japan shocked global markets on Tuesday by widening the target range for its 10-year government bond yield. Kazuhiro Nogi | AFP | Getty Images Global markets were rocked overnight after the Bank of Japan unexpectedly widened its cap on Japanese 10-year government bond yieldstriggering a sell-off in bonds and stocks around the …
Bank of Japan shocks global markets with change in bond yield Read More »
The Bank of Japan surprised markets on Tuesday with a surprise change to its controversial yield curve control policy, triggering sharp swings in currency, bond and equity markets. Traders described the move as potentially marking the long-awaited “pivot” of the BoJ, which is the last of the world’s major central banks to stick to an …
Bank of Japan surprises markets with change in yield control policy Read More »
S&P sees oil prices soar to $121 as China fully reopens Oil prices could also reach $121 in a full reopening of China, S&P predicted, adding that prices are expected to settle at $90 a barrel for 2023. Oil prices are likely to see “a sharp rise” from a full reopening of China to $121 …
