Initial filings for unemployment insurance ticked higher last week but remained generally low in a tight labor market. Jobless claims for the week ended March 25 totaled 198,000, up 7,000 from the previous period and a bit higher than the 195,000 estimate, the Labor Department reported Thursday. related investing newsContinue Reading
Credit Suisse, the collapsed Swiss bank taken over by UBS Group in a hastily arranged bailout earlier this month, may bring with it a fresh set of regulatory and legal problems for its new owner. For years, the bank has provided a safe haven for wealthy American clients to hideContinue Reading
Britain’s top diplomat is warning that “free democratic nations” must wean themselves off Russian gas and Russian money to preserve their independence By JILL LAWLESS Associated Press December 11, 2021, 12:02 AM • 4 min read Share to FacebookShare to TwitterEmail this article LIVERPOOL, England — Britain’s top diplomat welcomedContinue Reading
Germany’s Chancellor Olaf Scholz said Deutsche Bank is profitable after shares dipped more than 10% during European trading. Ludovic Marin | Afp | Getty Images BRUSSELS — European leaders on Friday were keen to stress that the region’s banking sector was stable and sound following Deutsche Bank‘s sudden slide asContinue Reading
ANKARA, Turkey — President Recep Tayyip Erdogan sat for an interview on national television late last month, apparently seeking to calm nerves about Turkey’s weakening currency and galloping inflation. But the reaction has been anything but calm. He insisted there was “no turning back” on his newly announced economic plan,Continue Reading
A First Citizens Bank branch in Dunwoody, Georgia, on Thursday, March 23, 2023. Elijah Nouvelage | Bloomberg | Getty Images Regulators again assured the public that the banking system is safe, as fresh data showed customers recently pulled nearly $100 billion in deposits. Treasury Secretary Janet Yellen, Federal Reserve ChairmanContinue Reading
A general meeting of Deutsche Bank Arne Dedert | picture alliance | Getty Images Deutsche Bank shares slid Friday while the cost of insuring against its default spiked, as the German lender was engulfed by market panic about the stability of the European banking sector. However, many analysts were leftContinue Reading
A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters LONDON — Stock picking is going to be more important for investors than macroeconomic themes in 2022, according to BlackRock‘s Nigel Bolton. Markets continue to grind higher against a backdrop of uncertainty, and developmentsContinue Reading
Jerome Powell, chairman of the U.S. Federal Reserve, speaks in the Eisenhower Executive Office Building in Washington, D.C., U.S., on Monday, Nov. 22, 2021. Samuel Corum | Bloomberg | Getty Images If the Federal Reserve meets expectations next week and announces a more aggressive unwind of the measures taken toContinue Reading
U.S. Secretary of the Treasury testifies before the Senate Appropriations Subcommittee on Financial Services March 22, 2023 in Washington, DC. Win Mcnamee | Getty Images WASHINGTON — Federal bank regulators are not considering any plans to insure all U.S. bank deposits, Treasury Secretary Janet Yellen told members of a SenateContinue Reading