Why Many on Wall Street Fear the Banking Crisis Isn’t Over
Even after the sale of First Republic, investors are worried about challenges that regional banks still face, imperiling the economy. Wall Street is still on edge After JPMorgan Chase secured a deal...
Markets Sink on Fears About Banks and Weaker Economic Outlook
The relative calm that met the collapse of First Republic Bank on Monday was shattered on Tuesday, with broad-based declines across industries. Stocks slumped on Tuesday, as fears about the health of...
Markets Expect the Fed to Raise Rates Despite Banking Turmoil
A ‘shock pause’ by the central bank would spook an already jittery market, one analyst said, even as shares in regional lenders fall. Banks in focus as the Fed weighs its rates...
What Fed Rate Increases Mean for Mortgages, Credit Cards and More
Savers will benefit and borrowers can expect to pay more on credit cards, student loans and other forms of debt. As the Federal Reserve has steadily lifted its key interest rate over...
Born in Asia but Based in Britain, HSBC Fights to Stay in One Piece
The global bank’s biggest shareholder, the giant Chinese insurer Ping An, wants HSBC to spin off its profitable Asian operation. For many investors, HSBC, Europe’s largest lender with a venerable place in...
The ‘Peace Dividend’ Is Over in Europe. Now Come the Hard Tradeoffs.
Defending against an unpredictable Russia in years to come will mean bumping up against a strained social safety net and ambitious climate transition plans. In the 30 years since the Iron Curtain...
Big investors call on companies to slash use of plastics
Coalition overseeing $10tn in assets warns on financial risks of inaction A coalition of investors that oversee $10tn in assets has called on companies including Amazon, PepsiCo and McDonald’s to drastically reduce...
Global stocks fall for second straight week as central banks raise rates
Oil prices decline to levels seen before Russia’s invasion of Ukraine Global stocks have sold off for a second straight week, weighed down by concerns over higher interest rates and the health...
Nigerian inflation hits 17-year high
Food inflation soared to 23% in August on the back of higher cost of essentials including cereals and meat Inflation in Nigeria hit a 17-year high of 20.5 per cent in August,...
Credit Suisse banker removed from role for unauthorised messages to clients
Action taken as regulators target industry’s use of private applications to conduct business