Debt

Relief over Credit Suisse rescue short-lived as bank shares sink
As early investor optimism about efforts to stem a banking crisis quickly evaporated, shares of Credit Suisse, UBS fell.
Published On 20 Mar 2023
Employees ‘shocked’ after historic bank deal in Switzerland
A bank employee association said it was deeply shocked by the potential consequences of the UBS-Credit Suisse deal.
Published On 20 Mar 2023
New York Community Bank to buy failed Signature Bank
The 40 branches of Signature Bank will become Flagstar Bank, starting Monday, the FDIC said late on Sunday.
Published On 20 Mar 2023
US sees bank deposits stabilise even as some regional banks reel
Deposits in the country’s banking system are stabilising, Reuters reported citing unnamed US official.
Published On 20 Mar 2023

The country is awaiting approval of a $2.9bn IMF bailout package as it endures its worst financial crisis since 1948.

Economist Nouriel Roubini paints a bleak future for a world facing ‘megathreats’ – including global economic meltdowns.

The non-partisan Congressional Budget Office cautioned a historic federal debt default could occur before July.

The Indian entrepreneur has seen his wealth plummet after a research firm accused him of ‘brazen stock manipulation’.

Amid concerns turmoil could hit broader financial system, sources say central bank asked lenders for loan details.

India’s central bank is examining the exposure of banks to the group as its various firms continued to tank.

The funding comes under a new programme which aims to help vulnerable middle-income countries and island states.

Led by Asia’s richest man Gautam Adani, the group has locked horns with short seller Hindenburg Research.

A default by the US government could have catastrophic effects on both domestic and global economies.

Concerns raised by the US-based short-seller sent shares of Adani Group’s listed firms tumbling, eroding $11bn.

Live