26th April 2023

  • Banks Warned Regulators on Losses Months Before SVB Failed

Regulators urged in October through December to take action

Banks had sought rule change for access to home loan banks

https://blinks.bloomberg.com/news/stories/RTOUVDDWLU69

  • First Republic Mulls $100 Billion Asset Sales in Turnaround Plan

Shares of the bank tumble on proposed sales, deposit slump

Buyers might be offered incentives to pay above-market rates

https://blinks.bloomberg.com/news/stories/RTOMLODWX2PS

  • Housing-Market Bottom Raises Hopes That US Can Avoid Recession

Key housing indicators have rebounded in early months of 2023

Mortgage rates have likely peaked with Fed hikes almost done

https://blinks.bloomberg.com/news/stories/RTMRU2DWLU68

  • US Consumer Confidence Dips to Lowest Since July as Outlook Dims

Conference Board index fell in April, but current views rose

Expectations remain below recessionary level, economist says

https://blinks.bloomberg.com/news/stories/RTOE74DWRGG0

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