First-quarter drop in deposits among U.S. banks worse than 2008

US bank deposits drop year-over-year for first time ever: S&P

THE US banking industrys total deposits declined year-over-year for the first time in data going back to 1994 following a tumultuous period for the banking...

#tumultuousperiod #totaldeposits #bankingsector

The Business Times

2023-09-27 00:20:05 • 1 min

Eurozone Money Supply Logs Record Fall; Bank Lending Growth Weakens

Eurozone money supply registered its biggest fall on record and bank lending grew at a much slower pace in August amid tightening monetary policy and weak...

#lendinggrowth #business #inflation

RTTNews

2023-09-27 13:32:37 • 1 min

Bank of America faces $105.8 billion loss amid banking industry recovery

In a recent turn of events, Bank of America is grappling with considerable losses on its bond portfolio, amidst broader concerns over the health of the...

#nyse #business #revenue

Best & Worst ETF Areas of Q3

2023-09-28 00:44:29 • 1 min

Technology

The third-quarter was an average-to-downbeat period for investors, mainly due to rising rates. A cooling U.S. economy, falling consumer confidence, real...

#etfareas #nasdaq #health

2023-09-27 16:40:00 • 2 mins

High interest rates strain small and midsize US stocks

The Federal Reserve's decision to maintain higher borrowing costs for an extended period is causing a strain on small and midsize US stocks, with the Russell...

#index #investment #management

2023-09-27 07:30:22 • 1 min

Financial Sector Update for 09/27/2023: UBS, MOFG, KKR

Financial stocks were declining Wednesday afternoon with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund (XLF) off 0.9%. The...

#nyse #estate #bitcoin

2023-09-27 17:38:25 • 1 min

Mortgage Rates Hit a 23-Year High Amid Higher-For-Longer Fed Policy

In a recent shift, mortgage rates in the U.S. have surged to their highest levels in nearly 23 years, according to data from the Mortgage Bankers...

#MortgageRates #recentshift #economicimplications

2023-09-27 13:30:18 • 1 min

Treasuries Turn Lower Once Again Amid Ongoing Interest Rate Worries

(RTTNews) - Mirroring the performance in the previous session, treasuries saw early strength on Wednesday but pulled back sharply over the course of the...

#treasury #ceo #president

2023-09-27 19:17:24 • 1 min

Bank of America forecasts soft landing for US economy, despite inflation concerns

Bank of America's CEO Brian Moynihan, on Wednesday, forecasted a soft landing for the US economy at a New York Economic Club event. His prediction is based...

#forecast #economy #ceo

2023-09-27 17:48:58 • 1 min

Apollo's chief economist predicts steady interest rates amid high inflation

Apollo's Chief Economist, Torsten Slok, recently shared his evaluation of the Federal Reserve's potential interest rate decisions, considering current market...

#inflation #development #realestate

2023-09-27 18:06:37 • 1 min

2 Super Stocks to Buy During the Latest Sell-Off in the Nasdaq

Wall Street bankers and fund managers have a tendency to take time off during August and September. As a result, stock market trading volumes drop, and fewer...

#nyse #money #opinion

2023-09-27 09:20:00 • 2 mins

Market volatility escalates amidst inflation fears and potential government shutdown

The U.S. financial markets have been experiencing significant volatility due to a confluence of factors including inflation worries, fluctuating interest...

#development #moody #nyse

2023-09-27 05:34:44 • 1 min

Worries About Interest Rates, Economy Lead To Sell-Off On Wall Street

Stocks moved sharply lower over the course of the trading day on Tuesday, more than offsetting the moderate rebound seen during Monday's session. The major...

#wallstreet #economy #dow

RTTNews

2023-09-26 20:11:20 • 1 min

CFPB finds big jump in mortgage payments and costs due to high rates

The Consumer Financial Protection Bureau issued a report Wednesday that found that homebuyers are paying more for their mortgage payments amid the higher...

#mortgagepayments #cfpb #income

American Banker

2023-09-27 16:59:16 • 1 min

Mortgage demand shrinks as interest rates hit the highest level in nearly 23 years

Key Points The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased last week to 7.41%,...

#mortgagedemand #pandemic #builthomes

CNBC

2023-09-27 11:00:01 • 1 min

US consumer confidence slides to four-month low; home sales tumble

Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...

#reuters #forecast #congress

Channel NewsAsia

2023-09-26 17:53:59 • 1 min

US New Home Sales Dip 8.7% In August Amid Rising Mortgage Rates

Recent housing market trends reveal an unexpected 8.7% decline in new U.S. home sales in August, according to data from the Census Bureau and the Department...

#nasdaq #nyse #dow

2023-09-26 17:27:50 • 1 min

Truist Securities Maintains United Community Banks (UCBI) Hold Recommendation

Fintel reports that on September 27, 2023, Truist Securities maintained coverage of United Community Banks ( NASDAQ:UCBI ) with a Hold recommendation....

#Communitybanks #truistsecurities #nasdaq

2023-09-27 21:45:39 • 1 min

U.S. Stocks Once Again Under Pressure After Seeing Initial Strength

After failing to sustain an initial move to the upside, stocks have moved mostly lower over the course of the trading day on Wednesday. With the downturn on...

#initialstrength #dow #nasdaq

RTTNews

2023-09-27 18:04:36 • 1 min

Noteworthy ETF Inflows: GOVT

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Treasury Bond...

#treasury #stock #opinion