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Commercial real estate fears are overblown, and mortgage bonds show the sector is poised to recover, portfolio manager says

Commercial mortgage-backed securities have been performing well, and it poses a positive sign for b…

Aruni Soni   


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Jennifer Sor   


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Amit Shah stresses on bringing in new criminal law drafts at IPS probationers' passing out parade

Union Home Minister Amit Shah stressed upon bringing in the three new criminal law drafts that will…

ANI   


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ISRO chief sees potential in space sector beyond just building rockets, satellites

When we reach our Amritkaal, the share of our economy in space will be substantially higher and it …

ANI   


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3 mins read

Interest rate hikes unlikely to have negative impact on earnings of banking sector: ICRA

​​Analysts may be worried about rising stress in the retail assets of banks, but ICRA is of the vie…

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Yes Bank Q2 net profit jumps 48% on low base; says unsecured book reporting stress

Yes Bank on Saturday reported an over 47% increase in its net profit at Rs 228.64 crore in the Sept…

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1 min read

Office sector collapse will cost US banks as much as $250 billion, hedge fund boss says

Other areas of the commercial real estate market should remain solid, like industrial, multifamily …

Matthew Fox   


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US stocks rise as tech sector leads rally amid high hopes for Nvidia earnings

Stocks looked to break out of the August slump as investors gear up for Nvidia earnings and the Fed…

Filip De Mott   


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4 mins read

A turbulent few years for stocks has led to a boom in therapy services for stressed out traders

Wall Street pros and day traders alike are suffering from higher rates of depression, anxiety, and …

Jennifer Sor   


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1 min read

Chinese developers jump after central bank pledges more support for embattled property sector

New PBOC governor Pan Gongsheng met Thursday with eight of China's biggest developers including Cou…

Joseph Wilkins   


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3 mins read

Public sector bank profits grew 3x in 9 years says Sitharaman

According to Finance Minister Nirmala Sitharaman, the profit of public sector banks (PSBs) in India…

PTI   


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5 mins read

India’s IT sector likely to face macro headwinds until end 2023, say analysts

India’s information technology services companies have been struggling amid heightened fears of rec…

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2 mins read

Silicon Valley Bank's new CEO urges depositors to bring back their money

Tim Mayopoulos, new CEO of collapsed Silicon Valley Bank (SVB), has urged depositors to return with…

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Don't stress about recession with inflation cooling and the job market booming, Nobel economist Paul Krugman says

Paul Krugman says a recession looks unlikely with inflation dropping, unemployment at a historic lo…

Theron Mohamed   


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US stocks trade mixed as investors weigh solid earnings against continued bank stress

A poor earnings report from First Republic Bank sent the stock to new all-time lows as it failed to…

Matthew Fox   


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1 min read

Billionaire Barry Sternlicht's firm just defaulted on a $200 million office mortgage amid mounting commercial-property stress

Barry Sternlicht's Starwood Capital just failed to refinance or pay off its mortgage tied to an Atl…

Zahra Tayeb   


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India has well-regulated and well-supervised banking sector: RBI Governor

Reserve Bank of India Governor Shaktikanta Das on Friday gave a thumbs up to the country's banking …

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Late payments on commercial mortgages are piling up as higher rates and weakening property prices bite into the sector

Commercial real estate property owners that were late on payment for 30 days or more or have alread…

Jennifer Sor   


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US stocks slip as yields creep higher on easing concerns about banking system stress

Upbeat developments in the banking industry gave room for Treasury yields to rise on Tuesday, putti…

Carla Mozée   


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The banking crisis risks severe spillover across the financial sector and beyond, Moody's says

Strategists at the ratings agency warned that, even though policymakers responded to the bank turmo…

Phil Rosen