Deutsche Bank shares fell 11% on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe’s banks persisted.
Schlagwort-Archiv: Markets
TikTok wants to distance itself from China — but Beijing is getting involved
China said that it would „strongly oppose“ a forced sale of TikTok from its parent ByteDance, as the app faced intense scrutiny and a potential ban in U.S.
The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?
Swiss authorities placed a heavy emphasis on the role of U.S. regional banking collapses in pushing Credit Suisse to the brink.
Crypto is banned in China, but Binance employees and support volunteers tell people how to bypass the ban
The techniques have evolved to sidestep Binance’s highly publicized know-your-customer controls, and focus on obscuring a user’s country of origin.
Lidar maker Ouster dips as quarterly losses widen, but CEO sees savings in Velodyne merger
Ouster is on track to realize the benefits of its merger with Velodyne, completed in February. But its pre-merger Q4 results fell short of expectations.
Stocks making the biggest moves premarket: Coinbase, AMC, Chewy, First Republic and more
These are the stocks posting the largest moves in premarket trading.
Bank of England hikes interest rates by 25 basis points after inflation surprises
The Bank of England on Thursday hiked interest rates to their highest level since 2008 as it grapples with persistent high inflation.
European lawmakers are quietly miffed at U.S. regulators over SVB’s collapse
Regulators and officials across the European Union have been nervous about potential contagion to their own banking sector.
Swiss regulator defends controversial $17 billion writedown of Credit Suisse bonds
Swiss regulator FINMA on Thursday defended its decision to instruct Credit Suisse to write down its AT1 bonds — a controversial part of the lender’s emergency sale to UBS.
Tencent’s online ad revenue grows for the first time in more than a year
Chinese tech giant Tencent reported Wednesday better-than-expected quarterly revenue, helped by growth in ads within its growing „video accounts“ business.