The chapter delves into the impact of Fed Chair's statements on inflation and the concerns about Basel III regulations in the banking industry. It highlights the troubled situation of New York Community Bank Corp, discussing challenges related to loans, liquidity, and market reactions. Expert opinions on financial sector trends, regional banks' exposure, and regulatory oversight provide insights into the potential risks and management strategies.
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Bloomberg Bloomberg News International Economics & Policy Correspondent Michael McKee and Bloomberg News Markets Reporter Abigail Doolittle recap Federal Reserve Chair Jerome Powell's testimony before US lawmakers on the House Financial Services Committee on Wednesday. Bloomberg Intelligence Senior Analyst for US Regional Banks Herman Chan reports on New York Community Bancorp planning to announce an equity investment of more than $1 billion led by Liberty Strategic Capital, Hudson Bay Capital and Reverence Capital Partner to restore investor confidence. Maggie Switek, Senior Director of the Milken Institute’s Research Department, shares the details of the firm's Global Opportunity Index 2024: Attracting Foreign Investment. And we Drive to the Close with JoAnne Bianco, Investment Partner & Client Portfolio Manager at BondBloxx.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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