Published 1 year ago

What the banking crisis means for your job

Summary by Ground News

Silicon Valley Bank was America's 16th largest bank. The average customer's balance at SVB was $4.2 million. The bank had an unusually undiversified investment portfolio. It had heavily invested in long-term US Treasury bonds. These bonds lose value when interest rates rise, as they have been.

0 Articles

All

Left

Center

Right

CNN

What the banking crisis means for your job

One of the biggest unknowns since the Federal Reserve started its historic rate-hiking campaign has been how many jobs could be lost from the central bank's deliberate effort to slow down the US economy.

1 year ago·Atlanta, United States

Read Full Article

KRDO

What the banking crisis means for your job

By Alicia Wallace, CNN One of the biggest unknowns since the Federal Reserve started its historic rate-hiking campaign has been how many jobs could be lost from the central bank’s deliberate effort to slow down the US economy. So far, the labor market has stayed white hot, with unemployment hovering at a half-century low. But Fed Chair Jerome Powell’s acknowledgment on Wednesday that the banking sector meltdown could lead to “tighter credit cond…

1 year ago·Colorado Springs, United States

Read Full Article

KIFI

What the banking crisis means for mortgage rates

By Anna Bahney, CNN Mortgage rates have taken would-be buyers on a ride this year — and it’s only March. Generally, home buyers can anticipate mortgage rates to move down through the rest of this year as the banking crisis drags on, which could cool down inflation. But there are bound to be some bumps along the way. Here’s why rates have been bouncing around and where they could end up. What’s behind the roller coaster ride After steadily risin…

1 year ago·Idaho Falls, United States

Read Full Article

Albany Herald

What the banking crisis means for mortgage rates

Home buyers can anticipate mortgage rates to move down through the rest of this year as the banking crisis drags on, which could cool down inflation.

1 year ago

Read Full Article

KSL

What the banking crisis means for mortgage rates

Mortgage rates have taken would-be buyers on a ride this year \u2014 and it's only March.

1 year ago·Salt Lake City, United States

Read Full Article

The Saturday Paper

What the US bank crisis means for Australia

The bank failures that have forced the US government to step in again with emergency support highlight the dangers of weak regulation, and raise concerns about how far this contagion could spread.

1 year ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.