NEW YORK, March 23 (Reuters) – Berkshire Hathaway’s Warren Buffett has been in discussions with senior Biden administration officials about the banking crisis, leading some to speculate that Buffett would consider investing in the sector following the collapse of Silicon Valley Bank. Buffett has been known to invest during difficult periods for the market, famously ...

March 23 (Reuters) – Most stock markets in the Gulf fell in early trade on Thursday, tracking crude prices lower after U.S. Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world’s largest economy. Crude prices — a key catalyst for the Gulf’s financial markets — slid 0.7% on Thursday, with Brent ...

LONDON, March 23 (Reuters) – HSBC (HSBA.L) has appointed Patrick George as head of markets and securities services, according to a memo seen by Reuters on Thursday, amid a wider reshuffle of the leadership of its investment bank aimed at streamlining decision making. George takes over the key role overseeing HSBC’s trading operations, and one ...

Investors now expect quarter-point rate hike on Thursday Market split was 50-50 before Wednesday’s inflation data Investors see possibly two further 25 bps hikes BoE must reconcile slow growth, high inflation BoE must also contend with recent global bank worries LONDON, March 23 (Reuters) – The Bank of England is expected to raise interest rates ...

March 22 (Reuters) – An already widely anticipated U.S. Federal Reserve meeting assumed yet greater significance on Wednesday as investors awaited a signal on whether the recent turmoil in banking made interest rate rises less pressing. Traders are split over whether the U.S. central bank will be forced to pause its hiking cycle as authorities ...

LONDON, March 22 (Reuters) – The dollar hovered around five-week lows on Wednesday, before the conclusion of the Federal Reserve’s policy meeting at which investors will be looking for any insight on what might happen with interest rates given the turmoil in the banking sector. Markets show a quarter-point rise in U.S. rates is the ...

ACCRA, March 22 (Reuters) – Ratings agency Fitch on Wednesday upgraded Ghana’s long-term local-currency issuer default rating to ‘CCC’ from ‘restricted default’, after the country started settling payments on outstanding local bonds following a domestic debt restructuring. Ghana defaulted on most of its $29 billion external debt last year, as interest payments and inflation soared, ...

March 21 (Reuters) – Shares of First Republic Bank (FRC.N) tumbled 14% in extended trade on Tuesday following a report that a potential deal for the troubled bank could rely on government backing to encourage buyers. The steep drop partially reversed the nearly 30% rally in the stock during regular trade. The government could play ...

March 21 (Reuters) – UBS (UBSG.S) is set to enter talks with Michael Klein to terminate a deal that would have seen the Wall Street dealmaker take control of much of Credit Suisse’s (CSGN.S) investment bank, the Financial Times reported on Tuesday. UBS on Sunday agreed to buy rival Swiss bank Credit Suisse for 3 ...

LAUSANNE, Switzerland, March 21 (Reuters) – Goldman Sachs expects a commodities supercycle driven by China and the capital flight from energy markets and investment this month after concerns triggered by the banking sector, the U.S. bank’s head of commodities said. “As losses mounted, it spilled into commodities,” Jeff Currie, global head of commodities for Goldman ...