Robinhood Inc made an exception to its short position ban for clients who had winning ‘puts’ against failed lender Signature Bank , the Financial Times reported on Thursday.
First-Citizens Bank & Trust Co, a unit of First Citizens BancShares Inc , said it will acquire $110 billion in assets, $56 billion in deposits and $72 billion in loans of failed lender Silicon Valley Bank .
Sight deposits held by the Swiss National Bank (SNB) jumped last week, data showed on Monday, suggesting that both Credit Suisse and UBS may have taken big chunks of emergency liquidity to secure their merger.
First Republic Bank became the epicenter of the U.S. regional banking crisis after the wealthy clients it courted to fuel its breakneck growth started withdrawing deposits and left the bank reeling.
Shares of several mid-tier U.S. lenders rose sharply in premarket trading on Monday after a buyer emerged for large chunks of embattled Silicon Valley Bank’s deposits and loans, which helped inject some calm into fragile markets.
As U.S. banks prepare to close the books on a tumultuous quarter, analysts say trading revenue and deposits are among the key numbers to watch when lenders report earnings in mid-April.
Australia and New Zealand Banking Group’s CEO said on Monday the latest turmoil in the global banking system had the potential to trigger a financial crisis though it was early to predict it could bring one similar to that in 2008.
The Swedish central bank might have underestimated inflationary pressure and will likely have to stick to its forecasts of another interest rate hike in April, Riksbank Governor Erik Thedeen said on Sunday.
Some investors and analysts are calling for more coordinated interventions from central banks to restore financial stability, as they fear that tumult in the global banking sector will continue amid rising interest rates.
U.S. authorities are considering the expansion of an emergency lending facility that would offer banks more support, in an effort that could give First Republic Bank more time to shore up its balance sheet, Bloomberg News reported on Saturday.
