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India’s financial system also went through rate hikes around the same time as in the US. But there were hardly any ripples, as the financial system is bank-led, which means that interest rates work mainly through credit and banking channels
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According to analysts, tech spending has already bottomed out for the IT industry compared to its normal levels, any further worsening in the BFSI vertical will now only have a moderate effect
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UBS plans to cut about two-thirds of Credit Suisse’s dealmakers in Asia. Over half the latter's 45,000-strong workforce worldwide could get pink slips. The experience of Lehman bankers laid off in 2008 suggests this is only a temporary setback: Today they are portfolio managers at top hedge funds, MDs at Tier-I banks, and partners at accounting and consulting firms
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The kind of open warfare that typically flares up when banks combine shouldn’t be as bad in the UBS takeover of Credit Suisse
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The outlook has improved with the lifting of the debt-ceiling cloud and the easing of the bank crisis
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FY2023 saw an unusual confluence of factors all of which resulted in extraordinary performance for Indian banks, after a prolonged phase of banking sector woes. The road ahead seems bumpier
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Traditional banking, the play of forbearance, funding and cash flow characteristics, all combine to make Indian banks less vulnerable than their US counterparts
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The central banks' lack of understanding about the non-monetary components of inflation in times of war and crisis, driven by disruptions in supply chains is reflected in its policy to tackle inflation through a series of interest rate hikes
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Conditions have stabilised but more must be done to prevent further banking tremors
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Fears of a credit contraction come as a possible US debt default looms
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Even before the collapse of Silicon Valley Bank, total deposits in US commercial banks had been falling
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And even flat margins could hurt investors
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The transaction makes JPMorgan, the nation’s largest bank, even more massive — an outcome government officials have taken pains to avoid in the past
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HCLTech's consolidated net profit for the quarter ended March 2023 stood at Rs 3,981 crore, up 10.61 percent against Rs 3,599 crore a year back.
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Bharat Shah, executive director, ASK Investments speaks to Moneycontrol spoke on monetary policy, banking crisis interest rates, preferred sectors, how to deal with information overload, and his filters for investing in companies
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Balance sheets for the financial and non-financial private sector in India have been cleaned up over the years, it said. A 'deep recession in the US, however, can be a cause of worry for Asia, Morgan Stanley has said
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Banks are expected to do well on the back of loan growth and healthy asset quality. A key question investors will seek answers to is how will they perform on the net interest margin front in FY24
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Rather than bet on early rate cuts, markets should be encouraging the Fed to complete its inflation-reduction task
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Only a handful of lenders have the problems that toppled Silicon Valley Bank, and when the industry starts reporting quarterly earnings next week, the numbers will probably be good, Dimon told CNN in an interview Thursday. Asked if more bank failures might come, he said he didn’t know.
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Gillian Tett has had a ringside view of a quarter-century of financial crashes. What can each teach us — and will technology change the game?
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From inflation spiralling out of hand, periodic hikes in interest rates, stubbornly strong job market and a banking crisis, all with a war going on between Russia and Ukraine, Dimon unpacks all in his letter while highlighting the threats and opportunities ahead of us.
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The richest art collectors are still on a tear, but recent banking turmoil may change the picture
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Lending by Chinese companies without a banking license has reached $7.3 trillion, or about 42 percent of GDP. But the US isn't far behind: the US leveraged finance market — almost held entirely by shadow lenders which typically operate with little or no regulator oversight — has topped $3 trillion
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The panic in global markets has subsided, and the popular view that the banking crisis is as good a closed chapter.
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Financial stability and economic expansion are fundamentally at odds. Finding the middle ground is important. Learning to manage financial collapses might be more productive than trying to prevent them outright
