Insight Weekly: Funding risks at banks; missing workers in US; PE investments surge in Japan

Eurozone banks braced for liquidity, revenue hit as cheap funding era ends

Fourth-quarter bank earnings are showing the first effects accelerated payments as the European Central Bank's €2.2 trillion stimulus program dies down.

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Rapid shifts in deposit composition strain banks

The lurch toward time deposits and away from non-interest-bearing accounts has played out unevenly, with particularly high-velocity moves at a number of banks.

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Most i-banks, asset managers record lower Q4'22 earnings YOY

Nine out of 13 investment banks, broker/dealers and capital markets companies logged lower EPS year over year, and 12 out of 14 asset management companies posted lower earnings year over year, according to an S&P Global Market Intelligence analysis.

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Most top office lenders upped exposure in 2022

Among the banks with the largest office lending books, most increased their exposure to the sector over the course of 2022, although nine of 17 posted sequential declines in their office portfolios in the fourth quarter of 2022.

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Banks scrutinizing their lending practices as DOJ cracks down on redlining

As part of its focus on redlining, the DOJ is looking at loans in minority areas as a proportion of total loans, branch locations, whether banks have minority loan officers, and the banks’ outreach and advertising in communities of color, experts said.

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Fed's Custodia denials send discouraging message to crypto banks

The denial of Custodia Bank's master account and member bank applications, along with a policy statement, sent a clear message to banks; the Federal Reserve is not keen on their involvement in cryptocurrency, experts said.

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451 Research: US Accident & Health Insurance Market Report: Telemedicine growth to persist

Results from a 451 Research survey show strong popularity of telemedicine services at a time federal legislation has extended access for a key segment of the population.

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Millions of American workers likely gone for good even as US employment surges

About 2.3 million Americans, mostly older workers, remain missing from the job market, and economists do not expect the labor force participation rate to recover.

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Investors bet against consumer stocks; crypto-focused Silvergate tops short list

Healthcare, the second most-shorted sector, had short interest of 4.03% as of mid-January, its highest level since October 2022.

—Read the full article from S&P Global Market Intelligence

US housing price growth downshifts further in November 2022

The downward trend was seen in every state covered in the 20-City Composite Index, which posted a year-over-year increase of 6.8% in November 2022, compared to 8.6% in the previous month. 

—Read the full article from S&P Global Market Intelligence

US private equity investment in Japan surges in 2022

U.S.-based private equity and venture capital firms invested $13.31 billion in Japan across 10 deals in 2022, according to S&P Global Market Intelligence data.

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China sees huge decline in US private equity investments in 2022

Compared to 2021, the aggregate value of U.S. private equity and venture capital investments in China fell about 76% and the volume of deals went down approximately 40% in 2022.

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EU green plan said to lack 'financial teeth' of US law, risk '2-speed Europe'

The EU's Green Deal Industrial Plan lacks the financial firepower of the $369 billion U.S. Inflation Reduction Act, and due to the nature of the 27-member union also raises the specter of trouble inside the bloc, policy observers said.

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With Europe and China in EV lead, US hits accelerator to catch up

Inconsistent policies and high electric vehicle costs have slowed adoption in the U.S., but the country is poised to gain market share. Since 2022, $1.5 billion has been disbursed to help states build a national charging network for electric cars.

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Referendum to repeal oil and gas well setbacks will be on 2024 Calif. ballot

The oil and gas industry spent $21 million gathering signatures to put the repeal of the 3,200-foot setbacks up for a vote in the November 2024 general election.

—Read the full article from S&P Global Market Intelligence

Miners' market values fall 18.2% YOY in January

The median market capitalization of a basket of over 2,300 metals and mining companies sank 18.2% year over year but rose 6.8% month over month in January, according to S&P Global Market Intelligence data.

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Kagan: 2022 box office recap: Domestic box office back to late '90s levels

The domestic box office recovery continued in 2022 but has yet to return to pre-pandemic levels. Total 2022 domestic box office increased 69.3% to $7.32 billion, which is more akin to the totals of $7.73 billion in 1999 and $7.55 billion in 2000.

—Read the full article from S&P Global Market Intelligence

Kagan: As AV vendors hit brakes, should cities still step up infrastructure investment?

Municipalities began updating their infrastructure to accommodate autonomous vehicles at the same time that some AV players started to pull back. Now they must decide whether to continue building out vehicle-to-everything infrastructure.

—Read the full article from S&P Global Market Intelligence

Large global M&A deals off to slow start in 2023

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Finance M&A deals to pick up in Asia on China reopening, valuation reset

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LevelField looking to create a crypto-friendly bank with deal for Burling

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