As Credit Suisse’s largest shareholder rules out injecting additional funds into the troubled lender, concerns over the banking sector have deepened, leading to a decline in the stock markets.
As Credit Suisse’s largest shareholder rules out injecting additional funds into the troubled lender, concerns over the banking sector have deepened, leading to a decline in the stock markets.
NatWest’s profits increased by over a third, reaching £5.1bn in the previous year due to the bank’s intensified mortgage lending and higher income from increased interest rates.
According to investment bank Morgan Stanley, the euro is expected to perform better than the pound this year due to a key economic indicator suggesting that the European continent will
The FTSE 100 achieved a new record high with the help of positive corporate earnings from Centrica and Standard Chartered, while higher commodity prices buoyed miners.
Barclays’ fall in yearly profit caused shares to fall, resulting in the FTSE 100 edging lower. However, the index’s losses were partially offset by a drop in the pound, as
The Bank of England raised interest rates by 0.5% to 4pc. This is the highest rate since the financial crisis.
MPs have been told by the Treasury’s economic secretary that the government is looking at introducing a digital pound.
According to the Bahamas attorney general, Sam Bankman-Fried, former chief executive of FTX, was arrested.
The US government has requested an independent investigation into FTX’s bankruptcy to investigate fraud, dishonesty, and incompetence claims at the failing cryptocurrency exchange.
Hedge funds seek to lockdown new employees, while banks scoff at the bonus cap.
Paris leads despite British stocks being hit by recession fears, mini-Budget backlash and worries about Paris