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Tag: banking
20 days ago
cnn.com

What happens when $2 trillion is sucked out of the global economy? It may not be pretty

Central banks have been credited with averting a global depression twice over the past 15 years: Once after the 2008 ...

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22 days ago
wsj.com

Zambia Hikes Key Lending Rate to 9.5% After Inflation Spike

African nation is currently in negotiations with donors to restructure its staggering $18 billion foreign currency debt

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29 days ago
cnn.com

This golden statue was ridiculed when a local government erected it. Then gold prices skyrocketed

A rural South Korean county was mocked for spending more than $2 million to build a statue of bats made out of real g...

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29 days ago
cnn.com

Global companies warn of slower-than-expected recovery in China

China's first few months of reopening to the world hasn't gone as planned for global businesses.

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about 1 month ago
cnn.com

The Fed could be on the verge of repeating its 1970s mistake

When the Federal Reserve embarked on an aggressive campaign to quash inflation last year, it did so with the goal of ...

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about 1 month ago
cnn.com

This is how the banking crisis ends

US regional bank stocks look set to rebound Friday but are still down sharply this week, accentuating fears that fede...

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about 1 month ago
cnn.com

Make up or break up? HSBC faces off with divided shareholders

HSBC shareholders are expected to vote Friday on demands for a radical overhaul of the bank.

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about 1 month ago
cnn.com

Why these bank stocks aren’t getting crushed

JPMorgan Chase's rescue of First Republic Bank in the United States this week didn't herald the end of the banking cr...

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about 1 month ago
cnn.com

What happens above 5%? The Fed’s big risk

The Federal Reserve is widely expected to raise its benchmark interest rate again on Wednesday, lifting it above 5% f...

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about 1 month ago
wsj.com

Stocks Fall as Fed Day Looms

Investors look ahead to Wednesday’s rate decision from the Federal Reserve

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about 1 month ago
cnn.com

It’s getting ‘substantially’ harder for Europe’s businesses and homebuyers to get loans

Europe's banks are pulling back access to credit, and a key measure of inflation in the region has cooled, bolstering...

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about 1 month ago
cnn.com

$250,000 or $25 million: How much of your savings should be insured?

If my bank fails, how much of my savings will I get back?

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about 1 month ago
cnn.com

Central banks end crisis-fighting measure as bank tumult recedes

Last month, the collapse of Silicon Valley Bank, the second-largest bank failure in US history, unleashed broader pan...

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about 2 months ago
wsj.com

Rakuten Bank’s Explosive Market Debut Is Justified

Shares of Japan’s largest internet bank jump nearly 40% following its IPO

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about 2 months ago
cityam.com

Banks reduce support or North Sea oil firms as windfall tax becomes embedded

Banks are slashing their support for North Sea oil and gas firms as the windfall tax begins to impact financing deals...

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about 2 months ago
cnn.com

Why European stocks are crushing US peers

For years, global investors preferred American stocks to European ones. But at a time of change in financial markets,...

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about 2 months ago
cnn.com

Living standards are still falling in Japan. That’s a recipe for more stagnation

Japan's workers still aren't getting paid enough to keep up with rising prices. That's hurting living standards and c...

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about 2 months ago
cnn.com

IMF: Banking crisis boosts risks and dims outlook for world economy

At the start of the year, economists and corporate leaders expressed optimism that global economic growth might not s...

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about 2 months ago
cnn.com

American offices are half-empty. That could be the next big risk for banks

From Dallas and Minneapolis to New York and Los Angeles, offices sit vacant or underused, showing the staying power o...

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2 months ago
cnn.com

Britain’s pound is beating every other major currency this year

The British pound crashed to a record low last fall as investors rebelled against budget plans by former Prime Minist...

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2 months ago
wsj.com

After Credit Suisse, Chinese Banks Aren’t a Great Safe Harbor

Chinese banks will likely avoid the troubles of their global peers, but they are cheap for good reason

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2 months ago
cnn.com

HSBC’s top execs face tense shareholders calling for a breakup

HSBC's top brass defended their strategy Monday to frustrated shareholders in the lender's largest market, as Europe'...

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2 months ago
cnn.com

Oil prices surge after OPEC+ producers announce surprise cuts

Oil prices spiked during Asian trade Monday after OPEC+ producers said they would cut production in a surprise move.

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2 months ago
cnn.com

Post-2008 reforms didn’t solve the problem of ‘too big to fail’ banks

Regulation introduced after the 2008 financial crisis was supposed to make bank bailouts a thing of the past. But its...

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2 months ago
cnn.com

‘Companies are holding out’: Global IPO market slump endures

A slowdown in global initial public offerings continued in the first quarter of 2023 and is likely to endure in the c...

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2 months ago
wsj.com

Deutsche Bank Selloff Focuses Attention on Credit-Default Swap Market

The cost of insuring the German bank’s debt against default surged last week

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2 months ago
cnn.com

Bank of England calls for urgent action on funds that nearly toppled UK financial system

The Bank of England has called for urgent action to address a weak spot in the UK financial system as persistent worr...

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2 months ago
cnn.com

Kakao wins control of K-pop powerhouse SM Entertainment

South Korean internet company Kakao has become the largest shareholder of SM Entertainment, winning a battle for cont...

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2 months ago
cnn.com

Europe’s banks are still at risk, regulator warns

Europe's banks are not yet in the clear, a top EU regulator said Monday, two weeks after the collapse of Silicon Vall...

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2 months ago
wsj.com

Eurozone Banks Cut Lending Even Before Latest Financial Turmoil

Decline in bank lending could deepen as financial institutions move to retain deposits, strengthening effect of ECB r...

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2 months ago
cnn.com

IMF chief warns of ‘risks’ to global financial stability, but China showing signs of recovery

The head of the International Monetary Fund called for greater vigilance over the global financial system during a sp...

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3 months ago
wsj.com

Deutsche Bank Stock Tumbles on Contagion Fears

Concern over Germany’s leading lender emerges days after Credit Suisse was forced into a takeover

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3 months ago
wsj.com

Banking Strains, Inflation Threaten Global Economic Rebound

A strong services sector is supporting activity around the world, but that strength also fuels inflation

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3 months ago
wsj.com

Swiss Central Bank Lifts Key Rate, Declares End to Bank Crisis

Move follows decisions by the Fed and the ECB to press ahead with rate rises despite bank strains

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3 months ago
wsj.com

Credit Suisse Write-Off Upends European Bank Capital Bonds

Holders of riskier bonds got nothing while shareholders will receive a payout in UBS shares

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3 months ago
cnn.com

Asia Pacific stocks rise as investor worries about global banking turmoil ease

Stocks in the Asia Pacific region rose Tuesday as concerns about the global banking sector eased in response to a whi...

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3 months ago
wsj.com

Credit Suisse Collapse Burns Saudi Investors

Some of kingdom’s officials harbored doubts about a $1.5 billion investment in bank before crown prince signed off

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3 months ago
cityam.com

UBS and Credit Suisse face legal threats after bond wipeout and shareholder bypass

UBS and Credit Suisse are facing potential legal action from investors after the controversial tie-up between the two...

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3 months ago
cityam.com

Banking crisis: Thousands of City jobs at risk with UBS set to 'downsize' Credit Suisse investmen...

Thousands of jobs in the City are at risk after UBS’s dramatic acquisition of Credit Suisse last night, with Credit S...

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