Fitch’s downgrade doesn’t mean were about to default. It does mean we look like a country that can’t be depended on. Will we lose our status as a reserve currency?
Western Alliance Bancorp's first-quarter deposits were 11% lower than at the end of 2022, as customers spooked by the sudden collapse of two U.S. lenders pulled out funds.
U.S. corporate bankruptcy filings surged in March according to the latest data from S&P Global, which reports the highest number of filings in the first quarter since 2010.