Banks
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World
Nearly $100 billion in deposits pulled from banks; officials call system ‘sound and resilient’
A First Citizens Bank branch in Dunwoody, Georgia, on Thursday, March 23, 2023. Elijah Nouvelage | Bloomberg | Getty Images…
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World
Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads
A general meeting of Deutsche Bank Arne Dedert | picture alliance | Getty Images Deutsche Bank shares slid Friday while…
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World
Europe’s leaders battle banking crisis as market rout hangs over Brussels summit
Germany’s Chancellor Olaf Scholz said Deutsche Bank is profitable after shares dipped more than 10% during European trading. Ludovic Marin…
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World
Deutsche Bank shares slide 13% after sudden spike in the cost of insuring against its default
A logo stands on display above the headquarters of Deutsche Bank AG at the Aurora Business Park in Moscow, Russia.…
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World
Crypto firm Tether says it has around $1.6 billion in excess reserves to back its USDT stablecoin
Paolo Ardoino, Tether’s chief technology officer, said the company estimates that the excess reserve will increase by $700 million in…
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World
CNBC Daily Open: Janet Yellen changed the mood — again
U.S. Secretary of the Treasury Janet Yellen testifies before a subcommittee on March 23, 2023 in Washington, DC. Alex Wong…
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World
The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?
Axel Lehmann, chairman of Credit Suisse Group AG, Colm Kelleher, chairman of UBS Group AG, Karin Keller-Sutter, Switzerland’s finance minister,…
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World
China is a ‘relative safe haven’ in the face of global banking stress, Citi economists say
Aerial view of shipping containers sitting stacked at Yangshan Deepwater Port, the world’s biggest automated container terminal, on May 21,…
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World
CNBC Daily Open: Yellen changed the mood — again
U.S. Secretary of the Treasury Janet Yellen testifies during a hearing before a House subcommittee in Washington, DC. Alex Wong…
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World
European lawmakers are quietly miffed at U.S. regulators over SVB’s collapse
Chair of the ECB Supervisory Board Andrea Enria and Chairperson of the European Banking Authority (EBA) Jose Manuel Campa in…
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