Billionaire Larry Fink raises spectre of ‘slow rolling crisis’
Financial Times: BlackRock chief executive fears ‘more seizures and shutdowns’ of banks.
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Markets tumble as bank fears go global
New York Times: Shares fell sharply as Tuesday’s rally quickly faded.
Jarden Brief: Netflix bucks jitters as Credit Suisse fallout unfolds across globe
Silicon Valley Bank contagion gets complicated as bank stocks catch a cold.
Shares in major investment bank Credit Suisse plunge to historic lows
Fears of deeper problems in the world banking system spread in the wake of US failures.
'Racing against the clock': How Washington came to rescue US banks
The hope is that it will restore confidence in the US financial system.
Market Close: NZ shares yo-yo amid US bank failure fallout
The question now is what will the US fed do?
Construction sector 'cashie' crackdown: 50,000 businesses late with tax payments
Under-declaring income via cash jobs a major issue, IRD says.
Briscoes reports record sales revenue, shaking off pandemic blues
The retailer posted a 5.56 per cent rise in sales revenue on last year.
Retirement village giant unveils $335m expansion at two NZ sites
Purchases allow the business with 36 existing villages to develop two more new ones.
Twin-building $25m heritage offices, shops completed in Britomart
Office, retail tenants left buildings pre-pandemic but the space is now reoccupied.
US consumer price rise of 6% comes at tricky time for Fed
Financial Times: Data comes as central bank contends with broader concerns.
Construction crunch: More building firms fail, homeowners in the lurch
Peter Wolfkamp, Newstalk ZB’s resident builder worries about recent string of failures.
Listen: Should NZ have a banking inquiry?
And if we did what would it likely recommend?
Juha Saarinen: Did we just dodge an ‘extinction level event’ for startups?
The SVB failure has uncovered a serious vulnerability threatening an important sector.
Another builder fails: Ex-TV presenter a client, nine sites abandoned
'All I wanted to do was build a home and income residence for retirement.' - client.
Hamilton fast food company insolvent: Staff, bank, finance firms claim over $350k
Sales from a second outlet were lower than expected.
Dire Strait: Call for Govt to step in as KiwiRail stuck with ageing Interisland fleet
New Zealand's $25 billion freight and logistics sector feeling pain of ferry failures too.
No deal for National’s banking inquiry
Labour Party members have rejected a proposal for it to be held via the select committee.
Jarden Brief: Contagion effect in SVB saga
Dyspeptic responses as investors digest fallout from Silicon Valley Bank collapse.
How the Federal Reserve’s rescue package for US banks differs from 2008 bailouts
Financial Times: Regulators moved to bail out SVB depositors without taxpayer help.
Cost of living: High food prices now a bigger worry than rent, Consumer says
Food costs surge, leapfrog other concerns as inflation and cyclone hit home.
Joe Biden urges US to have confidence in banks after two collapse
Investors continue to dump shares in bank stocks as President calls for calm.
Banks made record $7b last year - that's up by a billion dollars
The figures are bound to stoke calls for a banking inquiry.
Dismay as joinery firm with 28 staff folds after nearly 50 years
The building and construction sector dominates liquidations, accounting for 29 per cent.
SVB collapse: Insiders see three major knock-on effects for NZ
A number of NZ firms have direct exposure. Insiders also see flow-on effects for all.
Fletcher reveals shareholders plan class action over loss-making division
'There’s also the potential of no payout if Fletcher can defend it robustly.'
SVB collapse: Fed announces emergency lending facility to shore up US banks
Financial Times: All depositors of tech lender SVB can access their money.
Another American bank shut down days after SVB collapses
A third US bank has toppled as the financial disaster deepens.
The spectacular unravelling of the tech industry’s banker
Financial Times: While collapse happened quickly, problems had been festering for years.
No bailout for Silicon Valley Bank, says Treasury Secretary
Officials rule out intervention in second biggest bank failure in US history.
SVB collapse: UK finance minister scrambles to protect tech sector
Financial Times: Executives demand Downing Street step in, warn of "existential threat".
Rocket Lab has US$38m invested in collapsed Silicon Valley Bank
Kiwi space company Rocket Lab has an exposure to Silicon Valley Bank.
'Black swan failure': Crypto group Circle admits $5.4b exposure
Financial Times: Stablecoin’s value drops as crypto market reels from US bank failures.
Liam Dann: Without appetite for real change, banking inquiry is just political theatre
The history of the NZ banking sector reveals a national lack of economic confidence.