BNKU News and Press, MicroSectors U.S. Big Banks Index 3X Lev From 03/26/23

2023-03-26 06:25:00 ET Summary In the week since the Silicon Valley Bank bankruptcy, global authorities have stepped in starting with the Federal Deposit Insurance Corporation, the Swiss National Bank, the People’s Bank of China, and the US Federal Reserve, offering lifelines o...

2023-03-26 05:41:00 ET Summary This has been a strange week. It started – as now seems to be the norm – on Sunday with a trio of Swiss financial authorities announcing the takeover of Credit Suisse (CS) by UBS (UBS). The key takeaway – and the clearest signal ...

2023-03-26 05:16:00 ET Summary The regulatory intervention of Silicon Valley Bank stopped corporate and financial sector issuance altogether for four working days. The most notable sign of market resilience was a highly successful USD1.8 billion 10 and 31-year sale by Republic of ...

2023-03-25 07:09:00 ET Summary Emergency Fed support for banks is at Great Financial Crisis proportions on some measures. Deposit flight from smaller banks remains a worry to boot. It should not be, but is. That said, there is wider evidence pointing to no material rise in ang...

2023-03-25 03:45:00 ET Summary This week’s chart of the week shows the S&P Regional Bank index performance year-to-date. The Index is down -27% this year and -34% from its high. Pretty big numbers. Banks are obviously getting a lot of the attention this year given the r...

2023-03-25 02:50:00 ET Summary On March 22, the U.S. Federal Reserve (Fed) hiked interest rates by 25 basis points to curb inflation despite turmoil in the banking industry. While the full impact of the turmoil in the banking industry and the Fed’s response is still unknowa...

2023-03-24 11:35:00 ET Summary Turmoil in the global banking industry, and the consequence of aggressive monetary tightening, have led people to question whether we're on the verge of yet another financial crisis. We don't think we are. Major stresses remain, however. So, what...

2023-03-24 10:20:00 ET Summary The Fed hiked the policy rate by 25 basis points this week, while forecasters were split on the outcome. My feeling is that this is a “dovish hike”. Realistically, the Fed wants to drift into at least a temporary pause while they survey...

2023-03-24 05:00:00 ET Summary The Fed’s decision to raise policy rates suggests confidence that bank turmoil won’t spiral into a systemic crisis. Rather than viewing the bank turbulence as purely downside risk, the Fed is taking the optimistic perspective that tight...

2023-03-24 03:30:00 ET Summary Rising rates are posing challenges to the asset side of banks’ balance sheets. The rapid and aggressive tightening of monetary policy will undoubtedly put some borrowers at risk. Stephen Dover provides answers to crucial questions to help ...