Heading for the buffers? Bank of England Governor Andrew Bailey.
UK bonds are again close to the levels that caused a pensions crisis in autumn 2022.
Budgeting to buy a home.
New mortgage products designed to help struggling first-time buyers hark back to the pre-2008 market and so should come with a warning.
ESG investing looks for companies that do well on environmental, social and governance benchmarks.
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Three forces are pulling down ESG’s once-rapid rise in the investment world.
‘Surely we can avoid an economic crash? We can, but don’t call me Shirley!’
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The numbers seem to be going in the ‘right’ direction for the Fed to pull off a soft landing – and avoid a recession – but the picture remains murky.
Inching toward a recession .. but what kind?
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The Fed’s campaign of rate hikes is showing more signs of having the intended effect of slowing the economy – but that may be bad news for those who lose their jobs or have a harder time finding one.
The UK retail bank business model has allowed banks to make significant profits as interest rates have risen over the past year.
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@Michellegrattan and @amandadunn10 discuss the RBA's decision on interest rates, the Aston byelection result, the passing of First Nations leader Yunupingu, and TikTok bans
Thousands of banks failed in the Great Depression.
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Crises fueled by bank runs, starting with the Great Depression, have had something in common: Unexpected changes spur bank failures, followed by general panic and then large-scale economic distress.
While most of the focus is on the here and now, here’s what the medium term could look like.
Raising rates to fight inflation involves a time lag so current efforts to bring down prices won’t start having an impact until the next election is approaching.
A recession-free landing for the Fed may be harder now.
AP Photo/Alex Brandon
The Fed’s decision to raise rates is likely to put more pressure on regional banks, which will make it harder to avoid a recession.
Mortgage rates are set to stay high for some time.
UK borrowers are expecting mortgage rates to fall again. Here’s why this looks unlikely in the current economic environment.
Fed chair Jerome Powell opted for a cautious approach on rates.
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The Fed raised rates by a quarter-point – less aggressive than had been expected before the current banking crisis, but signaling inflation is still its focus.
Decision time: Jerome Powell, chair of the Federal Reserve.
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The two central banks were due to raise rates aggressively, but then came the banking crisis.
Just hold your nose and make a decision.
AP Photo/Andrew Harnik
Big interest rate hikes could cause more market turmoil, while doing too little could have the same effect.
Not for turning: ECB President Christine Lagarde.
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The banking crisis has been caused by the interest rate rises, and further hikes were supposed to be a no no.
The U.S. Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank on March 10, 2023, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis.
(AP Photo/Jeff Chiu)
Large Canadian banks are likely not at risk of bank failures, but history suggests smaller, more niche financial service firms could be.
Fed Chair Jerome Powell has a tricky job in balancing inflation fears with recession fears.
AP Photo/Jose Luis Magana
The latest consumer prices report shows cost of living is still rising far above the Fed’s target. But don’t expect monetary policymakers to aggressively hike rates.
Signature Bank collapsed at lightning speed.
AP Photo/Yuki Iwamura
Lenders face a lot of risks, but two of them – interest rate and liquidity – were the main drivers of the sudden and rapid failure of Silicon Valley Bank and Signature Bank. That’s why more trouble may be ahead for the banking sector.
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The speed of SVB’s collapse was a surprise but central bankers can learn lessons from this failure.