Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Back

Fed’s Bowman: US banking system remains resilient and on a solid foundation

Federal Reserve Governor Michelle Bowman crossed wires, via Reuters late Tuesday, as he rules out chatters surrounding the challenges to the US banking system amid the Silicon Valley Bank (SVB) fallout.

“Banking system has strong capital and liquidity and Fed board is carefully monitoring developments,” said Fed’s Bowman per Reuters.

The policymaker, however, didn’t comment anything on the monetary policy and economic outlook as stipulated by the two-week blackout period for the Fed governing body members ahead of the Federal Open Market Committee (FOMC).

On the same line, US Senate Banking Committee Chairman Sherrod Brown also mentioned, during an interview with Bloomberg, that the US Congress should enact financial regulations to strengthen stress tests and capital and liquidity standards for banks. The policymaker also added that prospects remained low for such a step.

“Brown added that he hoped the Federal Reserve would not raise rates when it meets March 21 and 22,” reported Reuters.

Also read: Forex Today: Dollar unable to recover despite CPI and yields; Wall Street rebounds

UK Chancellor Hunt, hemmed in by debt, set to focus on growth in British budget

“British Finance Minister (Chancellor) Jeremy Hunt will announce on Wednesday how he will try to speed up the world's sixth-biggest economy after the
Read more Previous

South Korea Unemployment Rate below expectations (3.1%) in February: Actual (2.6%)

South Korea Unemployment Rate below expectations (3.1%) in February: Actual (2.6%)
Read more Next