KBWB News and Press, Invesco KBW Bank ETF From 03/27/23

2023-03-27 05:37:21 ET Summary The Federal Reserve raised interest rates by a quarter point to manage inflation, but faces a conundrum. The Federal Reserve has opened a new short-term loan facility to address a liquidity crunch. The negative market action is being masked by th...

2023-03-27 05:05:25 ET Summary Investors were faced with more banking turmoil last week, as the cost to insure Deutsche Bank's debt soared. In addition, the Fed raised rates another 25 basis points, as the consensus calls for corporate defaults, recession, and new bear market lows...

2023-03-27 04:00:00 ET Summary The surging cost of raising new bank capital will leave a mark. The current bullish narrative sees China as the relative safe haven, as the U.S. and Europe struggle to contain banking crises. The Federal Reserve's focus on banking system liquidit...

2023-03-26 08:34:44 ET Summary Fed's Bank Term Funding Program partially resolved liquidity issues. It would be a grave error to consider liquidity injection as quantitative easing. All loan types increased by more than $339 billion, a record amount, indicating that the situation ...

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 07:35:00 ET Summary Some investors have ignored the merits of holding banks such as Bank of America Corporation in their portfolio in favor of large tech stocks, like Apple. Since the banking crisis began, both regional and big banks have been under intense pressure, cr...

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...