Yonhap Infomax News5m ago
US money market benchmark SOFR falls to 3.56%, widening spread with IORB to negative 9bp, the lowest since July 2025, as liquidity surges following tax season end, prompting Fed to cut reserve management purchases by $15 billion to $10 billion through June 11
#YonhapInfomax #SOFR #IORB #MoneyMarketLiquidity #FederalReserve #ReserveManagementPurchases #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=120891
Flush with Liquidity, US Money Markets See SOFR Fall Well Below Reserve Rate

US money market benchmark SOFR falls to 3.56%, widening spread with IORB to negative 9bp, the lowest since July 2025, as liquidity surges following tax season end, prompting Fed to cut reserve management purchases by $15 billion to $10 billion through June 11

Yonhap Infomax
Alex Jimenez10m ago

Why Citi, Citizens are betting on their existing branches

Unlike many of their large and midsize peers, Citi and Citizens Financial Group are pursuing retail banking strategies that focus on their existing branch footprints.

https://www.americanbanker.com/news/why-citi-citizens-are-betting-on-their-existing-branches

#FinTech #FinServ #Banking

Why Citi, Citizens are betting on their existing branches

Unlike several other large banks, neither Citi nor Citizens Financial Group is interested in expanding their retail branch presence beyond their existing footprints. Both say they see plenty of growth opportunities in those markets.

American Banker
Yonhap Infomax News10m ago
Dollar-won exchange rate closes at 1,497.50 won in overnight trading, paring earlier gains as US stock indices reduce losses despite persistent inflation concerns driving dollar index to fifth consecutive daily gain and Fed rate cut expectations vanishing from futures markets.
#YonhapInfomax #DollarWonExchangeRate #InflationConcerns #FederalReserve #USTreasuryYields #DollarIndex #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=120890
Dollar-Won Retreats from Highs as US Stocks Pare Losses, Closes at 1,497.50 Won

Dollar-won exchange rate closes at 1,497.50 won in overnight trading, paring earlier gains as US stock indices reduce losses despite persistent inflation concerns driving dollar index to fifth consecutive daily gain and Fed rate cut expectations vanishing from futures markets.

Yonhap Infomax
Yonhap Infomax News15m ago
US stocks tumbled as Treasury yields surged following an unproductive US-China summit, with investors growing anxious over potential resumption of Iran conflict. The Dow fell 1.07%, S&P 500 dropped 1.24%, and Nasdaq declined 1.54% amid heightened geopolitical tensions and rising bond yields.
#YonhapInfomax #USChinaSummit #TreasuryYields #IranWarConcerns #StockMarketDecline #GeopoliticalTensions #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=120889
Alex Jimenez40m ago

New England mutual banks partner but it’s ‘not an acquisition’

New Hampshire-based Mascoma Bank and Maine-based Androscoggin Bank will combine their parent companies into a new mutual holding company. “Scale in banking matters,” Mascoma CEO Clay Adams said.

https://www.bankingdive.com/news/mascoma-androscoggin-mutual-banks-merge-holding-company-new-england/820260/

#FinTech #FinServ #Banking

New England mutual banks partner but it’s ‘not an acquisition’

New Hampshire-based Mascoma Bank and Maine-based Androscoggin Bank will combine their parent companies into a new mutual holding company. “Scale in banking matters,” Mascoma CEO Clay Adams said.

Banking Dive
Ken Everett (Ken's Blogspot)51m ago

#AI #Researchers, Ask Yourself These 6 Questions to Strengthen -
https://kensbookinfo.blogspot.com/p/infotech.html#17

#Banking sector on edge after Pandey’s arrest -
https://kensbookinfo.blogspot.com/p/world-capitals.html#Kathmandu

Best #Crypto Presales as #Trump-Xi Talks Stabilize M -
https://kensbookinfo.blogspot.com/p/world-capitals.html#Lisbon

#Retailers can open this #Victoria Day, but #Fprd government -
https://kensbookinfo.blogspot.com/p/canada.html19

Here are the hints that #Google is preparing "People -
https://kensbookinfo.blogspot.com/p/infotech.html#25

View all news from the markets https://kensbookinfo.blogspot.com/2026/03/latest-news-from-markets.html

IT

The latest news and headlines, featuring real time updates for countries, cities, states, politics, economy, sports, food, culture via Ken's Blogspot

Yonhap Infomax News1h ago
Gold futures plunge 2.68% to $4,559.80 per ounce while silver tumbles nearly 10% as surging global bond yields and rising oil prices pressure precious metals markets, with Fed rate cut expectations evaporating amid inflation concerns driven by Iran conflict and strengthening dollar.
#YonhapInfomax #GoldFutures #GlobalInterestRates #SilverPrices #FederalReserve #PreciousMetals #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=120888
[New York Gold Price] Plunges Over 2% on Global Rate Surge - Silver Tumbles Nearly 10%

Gold futures plunge 2.68% to $4,559.80 per ounce while silver tumbles nearly 10% as surging global bond yields and rising oil prices pressure precious metals markets, with Fed rate cut expectations evaporating amid inflation concerns driven by Iran conflict and strengthening dollar.

Yonhap Infomax
CBC Toronto1h ago
Beware of scam calls impersonating police, Peel police warn residents
Police in Peel Region are warning the public not to be fooled by spoof calls. They say fraudsters are posing as police but want to obtain personal, banking and financial information.
https://www.cbc.ca/news/canada/toronto/peel-regional-police-scam-calls-impersonating-police-9.7201347?cmp=rss
Alex Jimenez1h ago

How Columbia Bank kept a breach quiet for 119 days

For the second time in three years, Columbia Bank is telling customers that hackers took their personal data. This time, the bank caught the attacker still inside its systems, then it waited 119 days to tell those customers.

https://www.americanbanker.com/news/how-columbia-bank-kept-a-breach-quiet-for-119-days

#FinTech #FinServ #Banking #CyberSecurity

How Columbia Bank (Wash.) kept a breach quiet for 119 days

Columbia caught the attacker still inside its systems on Dec. 19, three days before the access window closed, then took four months to notify customers.

American Banker
Alex Jimenez2h ago

The Clarity Act to Advance in the Senate, Pitting Banks Against Crypto and VC

Banks hate it. VCs love it. And Congress is about to move it forward … without an ethics provision.

https://www.inc.com/melissa-angell/the-clarity-act-to-advance-in-the-senate-pitting-banks-against-crypto-and-vc/91341428

#FinTech #FinServ #Banking #CryptoCurrency