PacWest shares plunge 60pc as US bank explores sale amid banking crisis fears
Good morning. PacWest shares plummeted by 50pc in after hours trading in New York amid talks of a rescue for the...
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The banking crisis isn’t over. But how bad will it get?
NEW YORK (AP) — Uncertainty continues to pummel the banking industry, despite assurances from financial regulators and bankers such as...
Average long-term US mortgage rate slips to 6.39% this week
The average long-term U.S. mortgage rate edged lower this week, a modest boost for homebuyers looking for relief as a...
Fed raises US interest rate to 16-year high despite banking crisis
Rich buyers continue to snap up high-end sports cars despite soaring inflation and an uncertain economy, industry editor Howard Mustoe...
Half of America’s banks are potentially insolvent – this is how a credit crunch begins
First Republic lends to technology start-ups, but it chiefly came unstuck on commercial real estate. It will not be the...
House prices grow for the first time in eight months
HSBC's takeover of Silicon Valley Bank for £1 in March amid concerns of a fresh global banking crisis gave the...
‘Money-printing spree has turned banks into drug addicts’
"So there are losses from long term loans, but there's also the commercial real estate losses to buildings to office...
It is unwise to let Deutsche Bank buy one of Britain’s last investment banks
Numis’s management and shareholders will no doubt be happy enough with the 70pc premium the German lender is paying. Even if...
Zimbabwe plans to launch digital currency backed by gold
Zimbabwe has announced the launch of a gold-backed digital currency in a bid to stabilize its faltering dollarBy FARAI MUTSAKA Associated PressApril 28, 2023, 11:35 AM ET• 3 min readHARARE, Zimbabwe -- Zimbabwe will launch a digital currency next month by introducing “tokens” that are backed by gold reserves and can be transferred between people and businesses as a form of payment, the country's central bank said Friday.The move is aimed at shoring up Zimbabwe's faltering national currency, the Zimbabwe dollar, which is fast depreciating amid yearslong economic woes in...
Regulators race to save First Republic Bank after share price collapse
First Republic Bank rescue talks now involve the likes of the Federal Deposit Insurance Corporation (FDIC), the Treasury Department and...
