Banking tensions are brewing with a roughly $8 trillion bond market considered almost as safe as U.S. Treasuries. So-called agency mortgage bonds are widely owned by banks, insurance companies and bond funds because they are backed by mortgages from state-owned lenders Fannie Mae and Freddie Mac. The bonds are far less likely to default than … Read more
Update published 20/3/2023 21:50: The Miami Beach city commission has decided not to impose another curfew this weekend. In a 4-3 vote that went against Mayor Dan Gelber’s recommendation, commissioners chose not to reinstate the curfew from March 23 to March 27, dates that span the Ultra Music Festival and the busiest days of Miami … Read more
Stress tests have made the banking system less diverse and resilient, especially in the face of regulatory failures.
The Vermont socialist is upset that the company can make money off its Covid vaccine.
Opinion Review and Outlook FDIC all but confirms it closed bank over crypto.
Tensions in contract negotiations at West Coast ports are worsening, with employers accusing unionized dock workers of slowing cargo handling.
Opinion Review and Outlook Ad hoc rescues such as the Credit Suisse deal carry new risks for later.
Former regulators say Washington has been too focused on ‘too big to fail’ banks Photo illustration by Alexandra Citrin-Safadi/The Wall Street Journal; Photos: Andrew Harrer/Bloomberg News, saul loeb/Agence France-Presse/Getty Images, David Paul Morris/Bloomberg News
Markets Finance Breaking the two banks together is likely to take years, but one investor hails the ‘deal of a lifetime’
Former regulators say Washington has been too focused on ‘too big to fail’ banks Photo illustration by Alexandra Citrin-Safadi/The Wall Street Journal; Photos: Andrew Harrer/Bloomberg News, saul loeb/Agence France-Presse/Getty Images, David Paul Morris/Bloomberg News