March 22 (Reuters) – Citigroup Inc (CN) CEO Jane Fraser expressed confidence in U.S. banks on Wednesday after a series of shutdowns rattled investors and fueled turmoil in global financial markets. “The banking system is pretty solid,” and the major regional banks are well capitalized, Fraser told the Economic Club of Washington DC on Wednesday. … Read more
March 22 (Reuters) – The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc (COIN.O) over some of the crypto exchange’s products, mounting pressure on the largely unsettled industry. regulated. Coinbase shares fell nearly 13% to $67.33 in extended trading after the company said Wednesday that the regulator had issued it … Read more
NEW YORK, March 22 (Reuters) – As embattled First Republic Bank (FRC.N) considers its options, analysts at Morgan Stanley say there is a “bullish case” for the stock if regulators assure the customer deposits until the end of the banking crisis. First Republic, whose shares have lost much of their value since the start of … Read more
March 22 (Reuters) – Meme GameStop Corp (GME.N) stock jumped nearly 40% on Wednesday as the video game retailer’s profitable first quarter in two years squeezed bearish investors and sparked a surge in other popular stocks among retail traders. AMC Entertainment Holdings Inc (AMC.N) gained 3.4%. AMC and GameStop have been at the heart of … Read more
US authorities support depositors UK deal ends frantic weekend talks UK Finance Minister: Safe Deposits LONDON, March 13 (Reuters) – HSBC (HSBA.L) bought the struggling UK arm of Silicon Valley Bank on Monday for a token pound, rescuing a key lender to Britain’s tech start-ups and helping to curb fallout from the biggest bank failure … Read more
LONDON, March 12 (Reuters) – Markets were set for a bumpy ride this week as the fallout from the collapse of startup lender Silicon Valley Bank (SVB), the biggest U.S. bank failure since the crisis fiscal 2008, coincide with key economic data and political meetings. US inflation figures for February are due out on Tuesday, … Read more
Record net profit from $110 billion in 2021 The Board of Directors recommends the issuance of free shares to eligible shareholders Aramco declares $19.5 billion fourth quarter dividend DUBAI, March 12 (Reuters) – Saudi oil giant Aramco (2222.SE) on Sunday reported record annual net profit of $161.1 billion for 2022, up 46% from a year … Read more
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