Banking 'cancer' may be spreading as otherwise healthy firms seem vulnerable and credit gets pulled from the economy, Mohamed El-Erian says

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Mohamed el-erian

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A credit crunch could more than double the rate that some US companies default on their debts, Societe Generale says

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worried trader

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The Fed pursuing 2% inflation is an 'absolute trap' for the economy, 40-year market veteran says

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A man walks past shop signs showing offers. It's an indicator of the rising cost of living.
US inflation rose to 8.3% in the 12 months to April 2022.

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Billionaire Apollo co-founder Marc Rowan sees the 2nd wave of bank stress coming as commercial real estate concerns mount

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Marc Rowan
Marc Rowan, Apollo co-founder.

Reuters

Jamie Dimon says JPMorgan rescued First Republic because the government asked his bank 'to step up, and we did'

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Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., speaks at the Economic Club of Washington September 12, 2016 in Washington, DC. Dimon joined a discussion on the state of U.S., global and regional economies.
Jamie Dimon is CEO of JPMorgan.

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First Republic shares crater 50% as banks discuss fresh capital raise after $30 billion rescue

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A pedestrian walks by the First Republic Bank headquarters on March 13, 2023 in San Francisco, California.
A pedestrian walks by the First Republic Bank headquarters on March 13, 2023 in San Francisco, California.

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