In a global response not seen since the height of the pandemic, the US Federal Reserve says it has joined with central banks in Canada, England, Japan, the EU, and Switzerland in a coordinated action to enhance market liquidity.
and assume up to $5.4 billion in losses in a deal backed by a massive Swiss guarantee and expected to close by the end of 2023.
S&P 500 and Nasdaq futures were each up 0.4%, both giving back some earlier gains. New Zealand dipped at the open and Australian shares opened with a 0.5% loss. The safe-haven dollar lost ground against sterling and the euro but was up versus the yen.“It’s a historic day in Switzerland, and a day frankly, we hoped, would not come,” UBS chair Colm Kelleher told analysts on a conference call.
Fed Chair Jerome Powell and US Treasury Secretary Janet Yellen welcomed the announcement by the Swiss authorities. The Bank of England also praised the Swiss.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Jittery investors await Fed, BSP moves this weekInvestors are facing a busy week with upcoming interest rate announcements by the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP). The benchmark Philippine Stock Exchange index (PSEi)
Baca lebih lajut »
Midsize US banks ask government to protect all deposits: reportA coalition of midsized US banks has asked federal regulators to guarantee all of their customers’ deposits for two years, even above the usual $250,000 limit, to avoid contagion after Silicon Valley Bank’s collapse, Bloomberg reported Saturday. | AFP
Baca lebih lajut »
US lawmakers to examine merits of higher bank deposit insurance capThe Federal Deposit Insurance Corporation's current limit is $250,000 per depositor, which was increased from $100,000 during the 2008 financial crisis.
Baca lebih lajut »
Midsize US banks ask gov't to protect all deposits —reportA coalition of midsized US banks has asked federal regulators to guarantee all of their customers&39; deposits for two years, even above the usual $250,000 limit, to avoid contagion after Silicon Valley Bank&39;s collapse, Bloomberg reported Saturday.
Baca lebih lajut »
Trump attorney ordered to testify before grand jury investigating former US presidentIn a monumental ruling Friday, a federal judge ordered Donald Trump attorney Evan Corcoran to provide additional testimony as part of an investigation into the former US president's handling of classified documents, a source familiar with the matter told CNN.
Baca lebih lajut »
PH banks in good shape, says COLTroubles in the US banking sector are weighing on stock market sentiments for local lenders, which were supposed to be a safe bet in 2023 on expectations that rising interest rates would boost
Baca lebih lajut »