Is the worst of the banking crisis over? It may seem a strange question to pose so shortly after the collapse of First Republic Bank, the second-largest such failure in […]
Interest Rates
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Back to news homeFirst Republic Bank Is Seized by Regulators and Sold to JPMorgan Chase
Regulators seized control of First Republic Bank and sold it to JPMorgan Chase on Monday, a dramatic move aimed at curbing a two-month banking crisis that has rattled the financial […]
Housing Market Gridlock: Buyers Are Eager, but Sellers Are Scarce
The housing market typically comes to life in spring, when buyers emerge in the warmer weather. This year, the market appears stuck in a deep freeze, and the biggest culprit […]
Stress Builds as Office Building Owners and Lenders Haggle Over Debt
A real estate investment fund recently defaulted on $750 million of mortgages for two Los Angeles skyscrapers. A private equity firm slashed the value of its investment in the Willis […]
GDP Report: US Economy Grew at 1.1% Rate in Q1
Higher interest rates took a toll on the U.S. economy in early 2023, but free-spending consumers are keeping a recession at bay, at least for now.Gross domestic product, adjusted for […]
Inflation Is Still High. What’s Driving It Has Changed.
America is now two years into abnormally high inflation — and while the nation appears to be past the worst phase of the biggest spike in price increases in half […]
First Republic Lurches as It Struggles to Find a Savior
First Republic Bank is sliding dangerously into a financial maelstrom, one from which an exit appears increasingly difficult.Hardly a household name until a few weeks ago, First Republic is now […]
Regional U.S. Banks Say the Crisis Is Contained but Fears Persist
The white-collar remote work revolution may permanently reshape the office market, bankers said. “Office is going to be really a challenged for quite a few years, and it has a […]
America’s Inflation Villain Gets a Makeover
The years have not been kind to Arthur Burns, who led the Federal Reserve from 1970 to 1978 and is often remembered as perhaps the worst chair ever to head […]
The Fabulous Yields, and Lurking Risks, of Money Market Funds
The markets have been rocky ever since the Federal Reserve started raising interest rates to combat inflation last year.Stocks and bonds have lost money. The costs of financing a car, […]