EU Gathers €7 Billion Pledges of Quake Aid to Turkey, Syria
The European Union and international donors pledged €7 billion ($7.5 billion) for reconstruction after last month’s deadly earthquakes that killed over 55,000 people in Turkey and Syria.
The European Union and international donors pledged €7 billion ($7.5 billion) for reconstruction after last month’s deadly earthquakes that killed over 55,000 people in Turkey and Syria.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has hatched a new plan to aid First Republic Bank that would convert some or all of the $30 billion in deposits that a group US banks injected into a capital infusion for the struggling California lender, according to people familiar with the situation.
First Citizens BancShares Inc., one of the biggest buyers of failed US lenders, is still hoping to strike a deal for all of Silicon Valley Bank, according to people familiar with the matter.
For decades, Switzerland has sold itself as a haven of legal certainty for bond and equity investors. The collapse of Credit Suisse Group AG revealed some unpleasant home truths.
Steve Chiavarone doesn’t want to scare anyone, but what he remembers most from the last banking crisis was how sure most people were that it wouldn’t happen.
A favored trade of the world’s hedge funds sunk as oil held close to 15-month lows with banking turmoil shaking confidence that a recovery in China will be enough to reinvigorate global demand.
(Bloomberg) — Global central banks witnessed no dash for dollars after uniting with the Federal Reserve to ease access to supplies of the US currency, an indication the latest bout of banking turmoil may not be causing undue stress to the financial system.
Pacific Investment Management Co. and Invesco Ltd. are among the largest holders of Credit Suisse’s so-called Additional Tier 1 bonds that have been wiped out after the bank’s takeover by UBS Group AG.
The US announced $350 million in ammunition, river boats and other equipment for Ukraine’s military, while the European Union agreed on plans to jointly procure 1 million rounds to support Kyiv.
Texas added HSBC Holdings Plc to its list of financial firms that “boycott” the fossil-fuel industry, potentially limiting what business the bank can conduct with the nation’s second-most-populous state.