[ad_1] March 15 (Reuters) – BlackRock Inc (BLK.N) Chief Executive Laurence Fink warned on Wednesday the U.S. regional banking sector remains at risk after the collapse of Silicon Valley Bank…
Tag: BACT
Credit Suisse hits record low, biggest backer says can’t put up more money
[ad_1] ZURICH, March 15 (Reuters) – Credit Suisse (CSGN.S) shares slid on Wednesday, dropping by as much as 10.5% to a new record low, as its largest investor said it…
South Africa’s Growthpoint posts marginal rise in distributable income
[ad_1] JOHANNESBURG, March 15 (Reuters) – South Africa’s Growthpoint Properties Ltd (GRTJ.J) on Wednesday its said half-year distributable income rose by 1.3%, but warned that growth is expected to be…
Sweden’s H&M to lay off 1,500 staff in drive to cut soaring costs and rescue profits
[ad_1] H&M to cut 1,500 jobs as part of cost-cutting drive The firm is challenged by stiff competition and rising costs Books restructuring charge of $75.8 mln in fourth quarter…
U.S. prosecutors probing collapse of Silicon Valley Bank
[ad_1] March 14 (Reuters) – U.S. prosecutors are investigating the collapse of Silicon Valley Bank, according to a source familiar with the matter, as scrutiny mounts over the firm’s sudden…
Citadel discloses 5% stake in Western Alliance amid sell-off
[ad_1] March 14 (Reuters) – Hedge fund Citadel on Tuesday said it bought a 5.3% stake in Western Alliance Bancorporation (WAL.N), sending a strong signal of confidence as the company…
German court throws out Rosneft suit over Schwedt control
[ad_1] Germany to extend trusteeship of Rosneft assets Court: reasoning for trusteeship decision was sound Rosneft cannot appeal decision LEIPZIG, Germany/FRANKFURT, March 14 (Reuters) – A court on Tuesday threw…
Moody’s changes outlook on U.S. banking system to ‘negative’
[ad_1] March 14 (Reuters) – Ratings agency Moody’s Investors Service on Tuesday changed its outlook on the U.S. banking system to “negative” from “stable” after the collapse of three major…
Credit Suisse flags ‘material weaknesses’ in reporting, outflows not reversed
[ad_1] Delayed annual report released Auditors PwC included “adverse opinion” on bank’s internal controls Outflows “not yet reversed” ZURICH, March 14 (Reuters) – Credit Suisse (CSGN.S) said in its 2022…
SVB a casualty in ‘battle between fire and ice’ against inflation, bankers hear
[ad_1] LONDON, March 14 (Reuters) – The dramatic collapse of Silicon Valley Bank and the market turmoil it unleashed is part of the “battle between fire and ice” in global…