SVB Collapse May Prompt Fed To Go Slow On Rate Hikes
(Fixes typo) (Reuters) -Traders no longer expect a rate hike of 50 basis points by the U.S. Federal Reserve next…
March 2023
Silicon Valley Bank Parent, CEO, CFO Are Sued By Shareholder For Fraud
(Reuters) – SVB Financial Group and two top executives were sued on Monday by shareholders, who accused them of concealing…
Wall St Rises In Choppy Trade As Markets Weigh Rate Hike Pause, Bank Contagion Risks
By Amruta Khandekar and Shristi Achar A (Reuters) -U.S. stock indexes rose in choppy trading on Monday as investors weighed…
Activist Investor Icahn Launches Proxy Battle At Illumina
(Reuters) – Activist investor Carl Icahn on Monday launched a proxy fight at Illumina Inc, arguing the company’s takeover of…
Hedge funds stand to lap up bearish profits from bank stock rout
By Nell Mackenzie LONDON (Reuters) – Hedge funds ended last week positioned to scoop up winning profits from bearish positions…
Biden To Defend U.S. Banking System After SVB, Signature Collapse
By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden on Monday will address a banking crisis that led U.S. regulators to…
Porsche AG Cautiously Upbeat On 2023 Sales After Bumper 2022
By Victoria Waldersee and Jan Schwartz WOLFSBURG, Germany (Reuters) -Porsche AG expects sales to rise to as much as 42…
Norway Sovereign Fund Expects To Recover Some SVB Debt Investment
OSLO (Reuters) – Norway’s sovereign wealth fund said on Monday it expects to recover some of the investment it made…
Investors Bet More On The Bank Of England Pausing Rate Hikes
LONDON (Reuters) – Investors bet more heavily on Monday on the possibility that the Bank of England will halt its…
Russia Adding IKEA, Lancome And Other Luxury Goods To Parallel Import List
MOSCOW (Reuters) – Russia’s industry ministry said on Monday it was expanding its list of brands that can be imported…