Interbank market news scan: Archegos Capital is the management firm that banks are watching this morning …

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Banks. Shares of Europe’s largest banks dropped on Monday after extending credit to a major client that couldn’t meet its obligations. Banks tumble after U.S. fund wilts (msn.com)

Banks. U.S. stock futures edged lower Monday after a large investment fund unwound billions of dollars in holdings, triggering concerns that stocks in the portfolio and banks who dealt with the firm could face sharp losses. Stock Futures Drop as Banks Warn of Losses | Fox Business

Banks. Swiss financial watchdog FINMA said on Monday it has been informed by Credit Suisse CSGN.S about its involvement in an international hedge-fund case involving several banks. Swiss watchdog says several banks involved in hedge-fund case | Nasdaq

Federal Reserve. Federal Reserve governor Christopher J. Waller addresses the importance of Federal Reserve independence this morning at 11:00 EST. Federal Reserve Board – Calendar

Federal Reserve. The Federal Reserve releases data on foreign exchange rates and selected interest rates today at 4:15 pm EST. Federal Reserve Board – Calendar

Currency pair29 March 2021 7:18am
EUR/USD1.770
AUD/USD0.7648
GBP/USD1.3832
USD/JPY109.5600
NZD/USD0.6997
USD/CHF0.9395
USD/NOK8.5782
USD/SEK8.6867
USD/CAD1.2592

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