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This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, March 17, 2023
U.S. lenders added more brick-and-mortar locations in 2023, breaking a decade of closures. Banks still have a long way to go to make up for all the locations they shuttered. The number of US ...
Central bank officials are expected this week to discuss a strategy for how to slow the shrinking of the Federal Reserve’s balance sheet, a lesser-known policy tool they have been using to ...
The 2023 United States banking crisis was a series of bank failures and bankruptcies that took place in early 2023, with the United States federal government ultimately intervening in several ways. Over the course of five days in March 2023, three small-to-mid size U.S. banks failed, triggering a sharp decline in global bank stock prices and ...
2024 Kenya floods. The death toll from ongoing flooding in Kenya increases to 181, as more homes and roads are destroyed. (Reuters) Ten people are killed by heavy rain in Rio Grande do Sul, Brazil. (ABC News) At least nine people are killed in an ongoing heatwave in eastern India.
A measure of the interest rate on overnight repos in the United States, the Secured Overnight Financing Rate (SOFR), increased from 2.43 percent on September 16 to 5.25 percent on September 17. During the trading day, interest rates reached as high as 10 percent. The activity also affected the interest rates on unsecured loans between financial ...
Richmond Fed President Tom Barkin said it would be smart for the central bank to "take our time" on rate cuts, becoming the latest official to urge patience on the easing of monetary policy.
Major current events: Kyren Wilson. Kyren Wilson (pictured) wins the World Snooker Championship. In horse racing, Mystik Dan wins the Kentucky Derby. Following the Solomon Islands general election, Jeremiah Manele becomes the prime minister. Acting prime minister of Haiti Ariel Henry resigns, and the Transitional Presidential Council is sworn in.
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