Forex News

FRANKFURT (Reuters) – Germany’s financial regulator BaFin on Monday said it was imposing a moratorium on the German branch of Silicon Valley Bank in the wake of its demise and noted the branch has “no systemic relevance”.

(Reuters) – U.S. inflation data, a European Central Bank meeting, a look at the health of China’s economy and a UK budget could now provide direction for markets unsettled by a slide in bank stocks.

LONDON (Reuters) – Britain’s finance minister Jeremy Hunt said the government and the Bank of England had facilitated a private sale of the UK arm of Silicon Valley Bank to HSBC, in a move which would protect deposits without taxpayer support.

A look at the day ahead in European and global markets from Wayne Cole

By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf.

By Kevin Yao BEIJING (Reuters) – Yi Gang’s surprise re-appointment as China’s central bank governor on Sunday means a pro-market mind of high international stature will continue to represent the world’s second-largest economy on the global stage.

(Reuters) – The U.S. Federal Reserve said it will hold a closed-door meeting of its board of governors under expedited procedures on Monday.

By Alun John, Marc Jones and John O’Donnell

By Pete Schroeder and Nupur Anand WASHINGTON/NEW YORK (Reuters) – The rapid unraveling of SVB Financial Group has blindsided the banking industry after years of stability.

(Reuters) – U.S. lawmakers met with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the collapse of SVB Financial Group, Coindesk reported on Saturday citing a source.

By Lananh Nguyen and Pete Schroeder NEW YORK (Reuters) – Greg Becker, the chief executive officer of Silicon Valley Bank, sent a video message to employees acknowledging the “incredibly difficult” 48 hours leading up to its collapse on Friday.

BRASILIA (Reuters) – Brazil’s finance chief said the government’s eagerly awaited fiscal framework would include a new rule to monitor spending but without addressing public debt, in remarks on Friday ahead of unveiling the rules backed by President Luiz Inacio Lula da Silva.

By Tom Westbrook SINGAPORE (Reuters) – Falling bank stocks drove Asian markets lower on Friday, while bonds rallied and expectations for U.S. interest rate rises were reduced after a surprise capital raising at a Silicon Valley startup lender unleashed fears of broader banking-system stress.

By Rae Wee SINGAPORE (Reuters) – The dollar paused its ascent on Friday after a rise in jobless claims in the United States implied possibly easing conditions in the labour market and tempered expectations of further aggressive rate hikes from the Federal Reserve.

(Reuters) – The failure of troubled tech-lender SVB Financial Group’s efforts to raise capital through a stock sale rippled through global markets on Friday and sent shares of many banks tumbling.

By Naomi Rovnick and Mehnaz Yasmin LONDON (Reuters) – For months, investors had shrugged off the threat of rising interest rates. That changed this week.

(Refiles to fix typo in headline) WASHINGTON (Reuters) – The United States hopes to reach an agreement with the European Union on deadline for steel and aluminum talks, the White House said on Friday ahead of U.S. President Joe Biden’s meeting with European Commission President Ursula

By Elizabeth Howcroft LONDON (Reuters) – Zodia Custody, a crypto custodian owned by Standard Chartered, said on Friday it has registered its Irish unit with Luxembourg’s financial regulator.

By Alun John LONDON/FRANKFURT (Reuters) – A dramatic sell-off in U.S. bank stocks spilled over into Europe on Friday, as some of the region’s biggest banks saw their shares tumble in their largest decline in nine months.

A look at the day ahead in U.S. and global markets from Mike Dolan