U.S. bank failures possible, particularly for smaller banks with higher exposures
Continuing property market challenges to weigh on GDP growth
High rates and U.S. banking turmoil drove flight to money market funds
Non-trading revenues at U.S. venues also rose in 2023, Fitch reports
Upfront spending weighs on banks' bottom lines, despite revenue growth
Central bankers face additional source of price pressure
Delinquencies, charge-offs rose in Q4 as financial stress intensified
Transition to be aided by expanding fiduciary requirements
Banks, insurers tend to benefit from higher rates even as financial stress builds, rating agencies say
Red Sea conflict not expected to cause oil price spike amid strong supply, softer demand