Explainer-Why markets are in uproar over a risky bank bond known as AT1
LONDON (Reuters) – Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion…
March 24, 2023
Block shares extend losses as Hindenburg report weighs
By Manya Saini (Reuters) – Shares of Twitter co-founder Jack Dorsey’s Block Inc fell 3% in afternoon trading on Friday,…
Yellen Chairs Closed US Financial Stability Oversight Council Meeting
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will chair a closed meeting of the Financial Stability…
Global Banks Face Renewed Selling Pressure
LONDON/NEW YORK (Reuters) – Banking stocks fell sharply again on Friday, with European giants Deutsche Bank and UBS knocked by…
Short sellers make $100 million betting against Deutsche Bank in two weeks-Ortex
LONDON (Reuters) – Short sellers have made a profit of over $100 million on paper betting against Deutsche Bank stock…
Swiss franc grapples with safe-haven identity crisis after Credit Suisse
By Samuel Indyk LONDON (Reuters) -The Swiss franc hasn’t lived up to its safe-haven reputation during the Credit Suisse collapse,…
Russians Reluctantly Embrace Chinese Cars After Western Brands Depart
By Gleb Stolyarov and Roman Churikov MOSCOW (Reuters) – As the exodus of Western carmakers narrows options for Russian consumers,…
Despite Industry Headwinds, Bitcoin Mining Booms In Texas
By Evan Garcia and Dan Fastenberg MCCAMEY, Texas (Reuters) – Cryptocurrency bankruptcies and worries over electric power consumption have failed…
China Detains Staff, Raids Office Of US Due Diligence Firm Mintz Group
By Michael Martina and Yew Lun Tian WASHINGTON/BEIJING (Reuters) – Chinese authorities raided the office of U.S. corporate due diligence…
Oil Slides As U.S. Holds Off Refilling Strategic Reserve
By Ahmad Ghaddar LONDON (Reuters) -Oil prices fell sharply on Friday amid declining European banking shares and after U.S. Energy…