financial market news

Signature Bank, compatible with cryptocurrencies, closed by regulators

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Last updated: March 12, 2023 at 7:22 p.m. ET First published: March 12, 2023 at 6:35 p.m. ET State authorities shut down New York-based Signature Bank SBNY on Sunday after regulators shuttered Silicon Valley Bank on Friday in the biggest bank failure since the 2008 financial crisis. All Signature Bank depositors will be compensated, according … Read more

Saudi Aramco posts record $161 billion profit for 2022

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Saudi Arabia’s national oil company posted a record $161 billion annual profit for 2022, the largest ever by an energy company, bolstering the kingdom’s coffers as it seeks to showcase its trade and foreign policy ambitions global markets and to limit its heavy dependence on oil. Saudi oil Co. 2222 1.23% known as Aramco, said … Read more