The 11 federal home loan banks (FHLBs), an obscure corner of the government’s financial apparatus, played a key role in saving banks from possible failure during the March banking crisis triggered when Signature and Silicon Valley banks failed at the same time.
At least eight members of Congress or their close family members dumped or cashed in on bank shares in March as the industry’s crisis was unfolding, according to data compiled by data firm 2iQ’s “Capital Trades” watchdog project and reported by The New York Times.
Small and regional banks are finding they have to pay higher interest rates on deposits to keep their customers.
The U.S. Federal Reserve’s “Beige Book,” a periodic summary of business conditions across the country, shows that it is now harder for businesses to secure loans in California, New York, and Texas, Wall Street on Parade reported.
Goldman Sachs, JPMorgan Chase, and Morgan Stanley were among the major banks reporting a slump in revenues from their investment banking divisions, which structure and consult on mergers and acquisitions.
The Dow Jones Transportation Index, made up of 20 transport-related stocks from airlines to trucking companies, has lagged behind the overall Dow Jones Industrial Average by about 6.9 points since February, The Wall Street Journal reported.
The U.S. is not in a recession, economists say, but nearly half of Americans disagree.
The Biden administration is so bent on containing China’s rise that it is willing to jeopardize the U.S. and global economy to see that Beijing does not overtake the U.S., Treasury Secretary Janet Yellen said during a speech in Washington last week.
President Joe Biden supposedly got more than 81 million votes for president in 2020 to defeat Donald Trump—the most ever—but Democrat voters seem less than enthused about another term for the lifelong politician.
It’s the quick fix to fast food!
The U.S. has seen a fivefold increase of minors undergoing weight-loss surgery to finally lose weight – marking the further reliance of the population on medical intervention than making the effort to lead a healthy lifestyle.