Goldman Sachs has sounded the alarm that the U.S. government might head towards a federal shutdown later this year due to intense disagreements among Republicans regarding substantial spending cuts.
The US Treasury Secretary to hold emergency meeting with US financial regulators
Today, in the midst of the recent banking turmoil, the US Treasury Secretary, Janet Yellen, will chair an impromptu meeting with the leaders of America’s financial regulatory bodies.
European banks are experiencing continued drops, with Deutsche Bank falling by more than 7% in New York
According to S&P Market Intelligence data, the cost of credit default swaps for Deutsche Bank – Germany’s largest bank – hit a four-year high today. This comes as shares in
The clock ticks towards a Russian default
Russia is facing its first sovereign external default for over 100 years. Russia made arrangements earlier this week to repay international bonds in roubles, despite the fact that the payment