Banks

NYPD have yet to catch suspect who appears to be on losing streak after stealing limited funds from Chase banksAn allegedly well-practiced New York bank robber is on a losing streak – and still on the run – after hitting six Chase branches across Queens, Brooklyn, Harlem and the Bronx over five consecutive days and coming away with just $605, according to authorities.New York police have yet to catch the suspect, identified as 33-year-old Gustavo DeJesus Torres, who began holding up the banks on Friday, 13 March and informing tellers in a written note that they might get hurt if they didn’t hand over the cash he demanded. Continue reading...

• All major central banks adopted hawkish stances last week as energy market disruptions reignited inflation concerns, prompting global reassessment of monetary policy outlooks and eliminating prior rate-cut expectations. • U.S. Federal Reserve rate cut bets over the next 12 months have been priced out entirely, while most other advanced economies have begun pricing in additional rate hikes; the December Monetary Policy Report that implied a 25 basis point rate cut to 3.75% by Q4 2026 is now obsolete. • The combination of persistent energy price shocks and hardening central bank stances creates a "brutal combo for risk assets," with the dollar index remaining anchored in the 96.00-100.00 range as USD risks remain skewed to the upside during periods of financial market stress.

Fed officials expected to lower capital requirements for banks such as Goldman Sachs and JPMorgan Chase by 4.8%Sign up for the Breaking News US email to get newsletter alerts in your inboxUS federal regulators are trying to soften bank requirements, loosening the amount of capital US banks must have in what would be some of the biggest changes to bank restrictions since the 2008 financial crisis and a huge win for financial institutions.On Thursday, US Federal Reserve officials are expected to vote to lower capital requirements – the funds they need to cover risky assets – for the biggest banks by 4.8%, which could free up capital for banks such as JPMorgan Chase, Goldman Sachs and Morgan Stanley. Continue reading...