Moody's downgrades outlook on U.S. banking system to negative

**This is a 60-seconds sample of the video. For the full version, please contact us.**

Moody's downgrades outlook on U.S. banking system to negative

STORY: Moody's downgrades outlook on U.S. banking system to negative DATELINE: March 15, 2023 LENGTH: 00:01:01 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of banks in the U.S. STORYLINE: Rating agency Moody's slashed its outlook on the entire U.S. banking system to negative in the wake of recent bank turmoil in the country. Moody's said the move was made to "reflect the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank (SNY) and the failures of SVB and SNY." Although U.S. authorities have stepped in to shore up deposits at SVB and SNY to restore confidence in the banking system, the rating firm said other institutions with unrealized losses or uninsured depositors still could be at risk. Moody's said it expects pressure on the U.S. banking sector to persist as the Federal Reserve continues to hike interest rates to combat inflation. The firm also projected the U.S. economy to fall into recession

  • Product Code
  • ILEA001251446
  • Registered date
  • 2023/3/15 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 59.90(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation cools

    STORY: U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation cools SHOOTING TIME: June 12, 2024 DATELINE: June 13, 2024 LENGTH: 00:01:26 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as the latest consumer price data shows that inflation seems to be cooling. In a statement after the two-day policy meeting, the Federal Open Market Committee (FOMC), the Fed's policy-setting body, reiterated that the committee does not expect it will be appropriate to reduce the target range "until it has gained greater confidence that inflation is moving sustainably toward 2 percent." In addition, the committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, the FOMC said. The Fed's announcement came just a few hours after the U.S. Labor Department reported that the

      Bank of Japan keeps interest rate unchanged, yen sinks below 156

      STORY: Bank of Japan keeps interest rate unchanged, yen sinks below 156 SHOOTING TIME: file DATELINE: April 27, 2024 LENGTH: 00:01:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of city view in Tokyo 3. various of fresh food in supermarkets 4. various of city view in Tokyo STORYLINE: The Japanese central bank on Friday maintained its policy rate unchanged after wrapping up its two-day policy meeting, which sent the Japanese yen to its fresh 34-year low past the 156 line. The Bank of Japan (BOJ) decided to guide short-term interest rates in a range of zero and 0.1 percent, a month after it ended the negative interest rate policy in its first rate hike in 17 years. The announcement weakened the country's currency against the U.S. dollar to the lowest level since May 1990, raising the risk of forex intervention by Japanese authorities. The BOJ, which also maintained its policy regarding government bond buying, said the country's core inflation, which excludes volatile

        U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct amid continued inflation pressures

        STORY: U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct amid continued inflation pressures SHOOTING TIME: March 20, 2024 DATELINE: March 21, 2024 LENGTH: 00:01:11 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of Jerome Powell waking into the press room 2. SOUNDBITE (English): JEROME POWELL, U.S. Federal Reserve Chair STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as recent consumer data indicates continued inflation pressures. The Federal Open Market Committee (FOMC), the Fed's policy-setting body, reiterated in a statement that it does not expect it will be appropriate to reduce the target range "until it has gained greater confidence that inflation is moving sustainably toward 2 percent." SOUNDBITE (English): JEROME POWELL, U.S. Federal Reserve Chair "Inflation is still too high, ongoing progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to ret

          Powell reiterates U.S. Fed not ready to start cutting interest rates

          STORY: Powell reiterates U.S. Fed not ready to start cutting interest rates SHOOTING TIME: March 6, 2024 DATELINE: March 7, 2024 LENGTH: 00:01:00 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the congressional hearing before the House Financial Services Committee 2. SOUNDBITE 1 (English): JEROME POWELL, U.S. Federal Reserve Chair 3. SOUNDBITE 2 (English): JEROME POWELL, U.S. Federal Reserve Chair 4. SOUNDBITE 3 (English): JEROME POWELL, U.S. Federal Reserve Chair 5. various of the Capitol Hill STORYLINE: U.S. Federal Reserve Chair Jerome Powell on Wednesday reiterated that the central bank is not ready to start cutting interest rates, noting that he needs to see a little bit more data before taking any action. "If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year," Powell said in prepared remarks for a congressional hearing before the House Financial Services Committee. SOUNDBITE 1 (English): J

            Türkiye's economic shift fuels optimism but challenges persist: expert

            STORY: Türkiye's economic shift fuels optimism but challenges persist: expert DATELINE: Sept. 26, 2023 LENGTH: 00:04:10 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets in Türkiye 2. various of Turkish lira and the U.S. dollar 3. various of people shopping in Türkiye 4. various of shipping trade in Türkiye 5. various of people shopping in Türkiye 6. various of shipping trade in Türkiye 7. SOUNDBITE (Turkish): CAN SELCUKI, Director of Türkiye Raporu STORYLINE: Turkish Finance and Treasury Minister Mehmet Simsek revealed on Sept. 19 that Türkiye obtained some 10.4 billion U.S. dollars in external financing since the country embraced new policies in June. The amount includes 6.7 billion dollars from the banking sector, 367 million from the non-banking financial sector and 3.26 billion from the real sector, according to the report. After the new economic management put in place in June decided to aggressively hike interest rates from 8.5 to 30 percent to curb inflation an

              Egypt's central bank keeps interest rates unchanged

              STORY: Egypt's central bank keeps interest rates unchanged DATELINE: Sept. 22, 2023 LENGTH: 00:00:57 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Egypt 2. various of an accountant counting banknotes 3. various of the National Bank of Egypt 4. various of Banque Misr STORYLINE: The Central Bank of Egypt (CBE) decided Thursday to maintain interest rates at current levels. During its meeting, the CBE's Monetary Policy Committee (MPC) kept the overnight deposit rate, overnight lending rate and the rate of the main operation at 19.25 percent, 20.25 percent and 19.75 percent, respectively. The discount rate remained at 19.75 percent. According to Egypt's Central Agency for Public Mobilization and Statistics, the country's year-on-year headline inflation hit a record high of 39.7 percent in August, compared to 38.2 percent in July and 15.3 percent in August 2022. In early August, the CBE raised the interest rates by 100 basis points, or 1 percent, in a bid to contain high inflat

                Italian bank stocks plummet after gov't approves windfall tax

                STORY: Italian bank stocks plummet after gov't approves windfall tax DATELINE: Aug. 10, 2023 LENGTH: 00:00:28 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of banks in Rome STORYLINE: Italian banking stocks took a beating on Tuesday, after the government passed a measure that will tax the surplus profits of the country's financial institutions at 40 percent this year. Matteo Salvini, Italy's Deputy Prime Minister and Minister of Infrastructure and Transportation, said that the funds raised by the windfall tax would be used to help poor families and small businesses hurt by the increase in interest rates over the last year. The new decree was passed by the Council of Ministers late on Monday. The country's main banks felt the impact of the new policy immediately. The main blue-chip index on the Italian Stock Exchange in Milan finished Tuesday's trading session down 2.1 percent, in what was a mildly negative session across Europe. Paris's CAC-40 index was down 0.69 percent for the day, while the D

                  India's central banking institution keeps repo rate unchanged at 6.5 pct

                  STORY: India's central banking institution keeps repo rate unchanged at 6.5 pct DATELINE: Aug. 10, 2023 LENGTH: 0:01:15 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of RBI building 3. various of banks in India 4. various of traffic in India STORYLINE: India's central banking institution Reserve Bank of India (RBI) on Thursday announced it has kept the repo rate unchanged at 6.5 percent. Repo rate is the rate at which the central bank lends money to commercial banks in the event of a shortfall of funds. This is the third time in a row that the six-member Monetary Policy Committee (MPC) has decided to keep the key rates unchanged. The MPC is a committee of RBI that is responsible for fixing the benchmark interest rate in India. The meetings of the MPC are held at least four times a year and after every such meeting, it publishes its decisions. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

                    U.S. Fed hikes interest rates by 25 basis points

                    STORY: U.S. Fed hikes interest rates by 25 basis points DATELINE: July 27, 2023 LENGTH: 00:01:31 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. various of exterior of the U.S. Federal Reserve STORYLINE: The U.S. Federal Reserve on Wednesday raised its benchmark interest rates by 25 basis points to the range of 5.25 to 5.5 percent, the highest level in over two decades, as it continues to ramp up its fight against inflation. It is the 11th interest rate increase since the Fed began its aggressive rate hiking campaign in March 2022, taking the federal funds rate to its highest level since early 2001. "Recent indicators suggest that economic activity has been expanding at a moderate pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated," the Federal Open Market Committee (FOMC), the Fed's policy-setting body, said in a statement on Wednesday afternoon, after a two-day policy meeting. The FOMC "s

                      Egypt's state banks offer dollar-deposit certificates to ease hard currency shortage

                      STORY: Egypt's state banks offer dollar-deposit certificates to ease hard currency shortage DATELINE: July 26, 2023 LENGTH: 00:00:48 LOCATION: Cairo CATEGORY: SOCIETY/ECONOMY SHOTLIST: 1. various of U.S. dollars 2. various of the National Bank of Egypt (NBE) and Banque Misr STORYLINE: Egypt's two state-owned banks issued Tuesday high-interest U.S. dollar-deposit certificates to lure hard currency back into the country's financial system. On their Facebook pages, Banque Misr and the National Bank of Egypt said they are offering a three-year dollar-denominated deposit certificate with 9 percent annual interest to be paid upfront in Egyptian pounds. Both banks also offer another three-year dollar deposit certificate with 7 percent interest paid quarterly in dollars. It will allow depositors to receive a loan equal to half its value with a maximum of 10 million pounds (about 324 dollars). A deposit of 1,000 dollars is the minimum sum for buying a certificate, the two banks added. The Egyptian local curren