banking crisis

By Spiros Bougheas The recent collapse of Silicon Valley Bank (SVB), a regional US bank that funded start-up companies in the technology and innovation sector, has created a worldwide wave of financial instability. Despite the efforts of US financial regulators to...

The US central bank has raised its key interest rate by 0.25 percentage points, despite fears that the move could aggravate the global banking crisis. Wednesday's rate rise is the ninth in a row by the Fed. It lifts its...

Shares of First Republic Bank continued their free-fall despite a rare move by the biggest U.S. banks to pump $30 billion into the regional lender. The company's stock plunged more than 47% on Monday, while trading was halted numerous times...

Bitcoin was close to nine-month highs on Monday and had its best week in four years as the global banking crisis drives some investors to turn to digital assets. The biggest cryptocurrency by market value hit its highest since June...

Credit Suisse has accepted a takeover offer of over $2 billion by UBS, in a historic government-brokered rescue deal.

Banking giant Credit Suisse secured a deal on Wednesday to borrow up to $54bn from the Swiss Central Bank to shore up its finances as authorities try to avert a global financial meltdown. Shares in Credit Suisse fell 24 percent...

On Monday, United States President Joe Biden sought to reassure Americans that the banking system is "safe" following the collapse of Silicon Valley Bank (SVB). The president also promised to introduce new banking regulations and made further assurances to United...

Dexia, a Franco-Belgian bank, will receive another stimulus package from Belgium and France, due to heavy losses during the previous term. The extra funding is estimated at 5.5 billion euros ($7 billion) and is only one of many stimulus...