Relief over Credit Suisse rescue short-lived as bank shares sink | Business and Economy
Banking stocks and bonds plummeted on Monday after UBS Group sealed a state-backed takeover of troubled peer Credit Suisse Group
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Debt
Employees ‘shocked’ after historic bank deal in Switzerland | Business and Economy News
A bank employee association said it was deeply shocked by the potential consequences of the UBS-Credit Suisse deal. Switzerland awoke
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New York Community Bank to buy failed Signature Bank | Business and Economy
The 40 branches of Signature Bank will become Flagstar Bank, starting Monday, the FDIC said late on Sunday. New York
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US sees bank deposits stabilise even as some regional banks reel | Business and Economy News
Deposits in the country’s banking system are stabilising, Reuters reported citing unnamed US official. A United States official has said
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Sri Lanka raises rates, relaxes currency band to secure IMF funds | Business and Economy News
The country is awaiting approval of a $2.9bn IMF bailout package as it endures its worst financial crisis since 1948.
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‘Dr Doom’: World headed for dark times in the next 20 years | Business and Economy
From: The Bottom Line Economist Nouriel Roubini paints a bleak future for a world facing ‘megathreats’ – including global economic
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US could face debt-cap crisis this summer without deal, CBO warns | Business and Economy News
The United States Congressional Budget Office (CBO) on Wednesday said the Treasury Department will exhaust its ability to pay all
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Who is Gautam Adani and why is he controversial? | Business and Economy News
Allegations of stock market manipulation and fraud have halved the net worth of Indian tycoon Gautam Adani, one of the
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Adani crisis ignites India contagion fears, credit warnings | Business and Economy News
Financial contagion fears spread in India on Friday as Adani Group’s crisis worsened, with ratings agency Moody’s warning the conglomerate
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India’s Adani’s losses swell above $100bn | Business and Economy News
Adani’s market losses swelled above $100bn on Thursday, sparking worries about a potential systemic impact a day after the Indian
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