Is the worst now over for America’s banks?

Is the worst now over for America’s banks?
JPMorgan Chase, with US$3.7 trillion in assets, is doing well. (Image: Getty)
The Economist
After a hurricane has passed, there is a period of calm that can feel euphoric. Survival is no longer at stake. Then, once the relief fades, it is time to assess the damage. What destruction has been wrought? How difficult will it be to recover? The sequence will be familiar to anyone who has been paying attention to American banks this year. In the days that followed the sudden failure of Silicon Valley Bank (SVB), once the country’s 16th-largest lender, as well as two other banks, panic and fear ripped through the financial sy...

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Canadian company buys majority stake in Serato for $116.9m
News in Brief

Canadian company buys majority stake in Serato for $116.9m

Canadian technology holding company Tiny has announced a 66% acquisition of DJ software company Serato for US$66 million (NZ$116.9m).Tiny has agreed to acquire the majority stake in Serato, payable through a combination of cash and Class A common shares. The deal valued the compa...

Staff reporters 01 Apr 2025
How to make 267% – or lose 90% – on treasury bonds
Investments Opinion

How to make 267% – or lose 90% – on treasury bonds

Extra-touchy funds come in two basic forms: leveraged and inverse.