Deutsche Bank shares fell 9% in early trade on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe’s banks persisted.
Category: Finance News
TikTok wants to distance itself from China — but Beijing is getting involved
China said that it would “strongly oppose” a forced sale of TikTok from its parent ByteDance, as the app faced intense scrutiny and a potential ban in U.S.
The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?
Swiss authorities placed a heavy emphasis on the role of U.S. regional banking collapses in pushing Credit Suisse to the brink.
This 26-year-old from Hong Kong is transforming a ‘dinosaur industry’ — one luxury watch at a time
Wristcheck is a consignment-based platform for luxury watches from Hong Kong, and it claims to have an inventory of timepieces worth $80 million.
Crypto is banned in China, but Binance employees and support volunteers tell people how to bypass the ban
The techniques have evolved to sidestep Binance’s highly publicized know-your-customer controls, and focus on obscuring a user’s country of origin.
Banks ramp up use of new Fed facility created during crisis
Banks are sitting on unrealized losses thanks to rising interest rates. That helped lead to the implosion of Silicon Valley Bank this month.
Ex-Morgan Stanley advisor charged with defrauding NBA players out of $13 million
Darryl Cohen is facing three different counts of fraud, which could amount to 20 years in prison.
Stocks making the biggest moves midday: Netflix, Block, Snap, KB Home and more
Block fell after Hindenburg Research unveiled its latest short position on the stock. KB Home popped on earnings.
Retirement vs. emergency savings: How to prioritize in a shaky economy
If you’re short on cash, here’s how to prioritize between retirement savings and your emergency fund, according to financial experts.
Why hasn’t U.S. poverty improved in 50 years? Pulitzer-prize winning author Matthew Desmond has an answer
In his new book, “Poverty, by America,” Matthew Desmond says that poverty persists in the U.S. because many Americans and large companies profit from it.