French unions held more strikes against President Emmanuel Macron’s reform of the country’s pension system on Thursday, a day after he went on television to insist he won’t back down and likened protesters to the rebels who stormed the US Capitol.
Banks reduced their borrowings only slightly from two Federal Reserve backstop facilities in the most recent week, a sign that institutions are taking advantage of the central bank’s liquidity in the wake of turmoil.
Short seller Carson Block said depositors at Silicon Valley Bank and Signature Bank should have taken haircuts after federal regulators seized the troubled lenders.
Bank of America Corp.’s co-head of global financial sponsors Kevin Sherlock has resigned to be head of leveraged finance and private capital at Bank of Montreal, according to people with knowledge of the matter.
Financial turmoil following the collapse of three US lenders and the emergency takeover of Credit Suisse Group AG has fueled questions over whether Japanese banks might be at risk from the fallout.
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