If the United Auto Workers and the big three car manufacturers fail to reach agreement on a labor contract by next week, efforts to bring down car prices could get taken for a ride.
Markets had anticipated a “hawkish pause,” but the Fed’s warning that as many as two more rate hikes could be in store for 2023 — and that cuts certainly aren’t imminent — caught many flat-footed.
New capital requirements are coming. They could hit bank loan books just as credit markets actually start to tighten, Bank of America CEO Brian Moynihan said Wednesday.
The aftermath of several high-profile bank collapses is still affecting the U.S. banking system, as evidenced by the recent closure of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SBNY) during the first week of March. Government control was imposed on both SVB and SBNY, and the U.S. Federal…