IMF warns of ongoing financial risks following banking turmoil
Washington, United States | AFP | Tuesday 4/4/2023 The recent banking turmoil in the United States and Europe could spread…
3 years ago
banking
Troubled investment bank China Renaissance suspends share trading
BEIJING, China (AFP) -- Investment bank China Renaissance suspended trading in its Hong Kong-listed shares on Monday, saying the disappearance…
3 years ago
UBS shares sink after Credit Suisse buyout
Zurich, Switzerland | AFP | Monday 3/20/2023 UBS share price plunged on Monday as a deal to take over its…
3 years ago
Four days that shook the US banking system
by Thomas URBAIN The US banking system has been gripped in recent days by a series of convulsions that has…
3 years ago
HSBC buys failed US bank SVB’s UK arm for £1
by Roland JACKSON The UK arm of failed US lender Silicon Valley Bank has been bought by HSBC for a…
3 years ago
SVB’s demise a sign of worry, but limited contagion risk: analysts
New York, United States | AFP | by Juliette MICHEL The surprisingly rapid implosion of Silicon Valley Bank has markets…
3 years ago
US closes Silicon Valley Bank in biggest collapse since 2008
US regulators pulled the plug on Silicon Valley Bank on Friday in a spectacular move that sent global banking shares…
3 years ago
Global bank shares sink over US fears
Paris, France | AFP | by Laurent THOMET The world's biggest banks took a stock market beating on Friday as…
3 years ago
Commerzbank profits jump before return to German stock elite
Frankfurt, Germany | AFP | Thursday 2/16/2023 Germany's second-largest lender Commerzbank said Thursday its net profit tripled in 2022 as…
3 years ago
US agency orders Wells Fargo to pay $3.7 bn for shoddy banking practices
US officials announced Tuesday a $3.7 billion settlement with Wells Fargo over an array of "illegal activity" that burdened customers…
4 years ago
HSBC bank sells Canadian ops for over US$10 bn
London, United Kingdom (AFP) HSBC has agreed to sell its Canadian division to Royal Bank of Canada for US$10.1 billion,…
4 years ago
‘Law and order returned’ Hong Kong’s US-sanctioned leader says at banking summit
by Jerome Taylor and Holmes Chan Agence France-Presse HONG KONG, China (AFP) -- Hong Kong’s US-sanctioned leader insisted Wednesday that…
4 years ago
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