27th March 2023

  • Fed’s Kashkari Says Bank Strains Bring Recession Risk Closer

Says too soon to make any judgment on May 2-3 FOMC meeting

Minneapolis Fed chief speaks in interview on Face the Nation

https://blinks.bloomberg.com/news/stories/RS4XYJDWX2PS

  • First Citizens Buys Silicon Valley Bank After Run on Lender

Lender assumes $56 billion in deposits, $72 billion in loans

FDIC says estimated cost of SVB’s failure is $20 billion

https://blinks.bloomberg.com/news/stories/RS606DT0AFB7

  • Oil Fluctuates After Weekly Gain as Slowdown Concerns Linger

JPMorgan Chase & Co. forecasts Brent could break $60 a barrel

WTI futures traded near $69 after rising almost 4% last week

https://blinks.bloomberg.com/news/stories/RS5WFGDWLU68

  • Credit Suisse Faces Possible Probe, Disciplinary Proceedings

We’re not law enforcement but we’re exploring options: Amstad

Finma ‘welcomes’ debate over new tools such as ability to fine

https://blinks.bloomberg.com/news/stories/RS4AQJDWLU68

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