22:27:22
Lithuanian Defense Minister: NATO will begin an air defense mission in Lithuania this year, which will include the Patriot air defense system.
22:26:48
Former U.S. Treasury Secretary Mnuchin: It may be an opportunity to acquire other banks in a timely manner.
22:26:35
Goldman Sachs (GS.N) expects U.S. repurchases to reach $1 trillion in 2025.
22:26:10
Guindos, Vice President of the European Central Bank: European banks’ participation in commercial real estate is quite limited.
22:25:59
Head of Oil Markets at the International Energy Agency: We believe that the oil market is relatively well supplied this year.
22:25:57
Head of Oil Markets at the International Energy Agency: We believe that the oil market will be relatively balanced in the second quarter, which is why the extension of OPEC+ production cuts will have a relatively small impact on prices.
22:25:52
European Central Bank President Lagarde: It will be important to get more data in June.
22:25:46
Former U.S. Treasury Secretary Mnuchin: No improvement in New York office loan portfolio.
22:25:26
Former U.S. Treasury Secretary Mnuchin: Over time, we can reduce the multifamily portfolio of New York community banks.
22:25:22
European Central Bank President Lagarde: We have started discussions on easing our restrictive stance.
22:24:52
European Central Bank President Lagarde: We did not discuss interest rate cuts at this meeting.
22:24:49
Former U.S. Treasury Secretary Mnuchin: The biggest problem in the investment portfolio is New York office loans.
22:24:32
Former U.S. Treasury Secretary Mnuchin: Earnings will be retained and reserves will be built when needed.
22:24:15
Former U.S. Treasury Secretary Mnuchin: New York community banks were very smart in avoiding bad signature loans.
22:23:23
Former U.S. Treasury Secretary Mnuchin: The problem with New York community banks is actually around some risks in lending.
22:23:13
WTI crude oil fell 1.00% during the day and is currently trading at $77.82 per barrel. Brent crude oil fell 0.95% on the day and is currently at $81.86 per barrel.
22:22:27
Former U.S. Treasury Secretary Mnuchin: The problem with New York community banks is actually around the perceived risk of lending.
22:22:26
Former U.S. Treasury Secretary Mnuchin: We will be able to address the risks that are perceived to exist.
22:22:25
European Central Bank President Lagarde: It’s not about sacrificing economic growth.
22:22:12
Former U.S. Treasury Secretary Mnuchin: We conducted an extensive investigation into the huge loans of New York community banks.