Uncategorized – Page 31 – Prologue Journal

Credit Suisse tells staff SNB facility does not trigger a ‘viability’ event

Reuters Documents reviewed by Reuters reveal Credit Suisse Group AG (CSGN.S) told staff on Thursday that the emergency backstop from the Swiss central bank does not trigger a “viability event.” Credit Suisse sought to shore up its liquidity and restore investor confidence on Thursday by borrowing up to $54 billion from Switzerland’s central bank, becoming…

UK debt agency treads careful path to sell near-record volume of bonds

Reuters Reuters exclusively reported that Britain is trying to limit the burden on bond dealers as it prepares to sell the highest volume of government debt since the COVID-19 pandemic against a backdrop of turbulent markets. The post UK debt agency treads careful path to sell near-record volume of bonds appeared first on Reuters News…

CPI continues to climb, will likely result in harsher BoI interest rates

Jerusalem Post The increase in the CPI was driven by significant price increases in several sectors, including fresh produce, culture and entertainment, food, transportation and miscellaneous. https://www.jpost.com/business-and-innovation/banking-and-finance/article-734433

ECB likely to stick to big rate hike despite banking turmoil

Reuters In the wake of an exclusive Reuters report, financial markets adjusted expectations around future euro rate rises. Reuters reported that the European Central Bank was still leaning towards a 50-basis point hike, despite volatility after the Silicon Valley Bank collapse. The Reuters report, which prompted German bond futures to fall, revealed that policymakers were…

Bank of Israel Gov warns: Judicial reform could weaken bank independence

Jerusalem Post Yaron warned that investors may begin to withdraw money and invest it elsewhere as Israel’s government pushes ahead with judicial reform. https://www.jpost.com/business-and-innovation/banking-and-finance/article-734380

Former NY Gov. Cuomo announces new pro-Israel Democratic group

Jerusalem Post Cuomo, who is expected to challenge Sen. Kirsten Gillibrand as she runs for reelection next year, said he was forming the organization in order to pressure Democrats to fight criticism of Israel https://www.jpost.com/american-politics/article-734349

Regulators shutter bank co-founded by Jewish donor Scott Shay

Jerusalem Post Signature Bank was closed two days after Silicon Valley Bank’s collapse. https://www.jpost.com/business-and-innovation/banking-and-finance/article-734252

Hate crimes in US surged 11.6% in 2021

Jerusalem Post Officials said the top five hate crime categories reported for 2021 were anti-Black, anti-white, anti-gay male, anti-Jewish and anti-Asian. https://www.jpost.com/american-politics/article-734195

UK approves increased submarine-related exports to Taiwan, risking angering China

Reuters Reuters exclusively reported that Britain approved a sharp increase in exports of submarine parts and technology last year to Taiwan as it upgrades its naval forces, a move that could impact British ties with China. The value of licences granted by the British government to companies for the export of submarine-related components and technology…

Reuters exclusively reported that India will discourage foreign trade settlement in Chinese yuan

Reuters Reuters exclusively reported that India has requested banks and traders avoid using Chinese yuan to pay for Russian imports, due to long-running political differences with its neighbor. India, a top buyer of Russian oil and discounted coal, would prefer the use of United Arab Emirates dirhams to settle trade. Last year India’s biggest cement…