Banks break taboo for high-risk bonds
Investors who earned easy money with high-risk bonds invented after the financial crisis are being forced to accept that the rules have changed: they may not get paid. Banks typically…
As worries over banks swirl, investors seek protection against market crash
Investors are increasingly seeking insurance against a sudden crash in stocks, fearing that more tumult is in store for markets after worries over the banking system shook asset prices over…
Relief at First Republic sale, but US banks still face pressure
JPMorgan Chase’s takeover of First Republic resolved the fate of the last major bank caught up in recent upheaval, but the sector still faces a weakening economy and challenges from…
Fed up with shrinking savings, Europeans drain billions from banks
European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up to hold on to deposits some feel they can currently…
As banks shake, markets hear the sound of peaking rates
Investors scrambled to pull down global rate expectations on Monday and abandoned bets on the Fed upsizing its rate hikes next week, reckoning the biggest American bank failure since the…
Climate-focused development banks neglect nature ahead of COP15
The world’s development banks could play a major role in protecting nature, but are largely ignoring biodiversity in a climate-led financing push, environmentalists warn, calling for action to fix the…
China’s top banks to issue offshore loans to help developers repay debt
China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, three people with knowledge of the matter told Reuters, in Beijing’s latest…
Food banks are a ‘lifesaver’ as UK feels cost of living crisis
“This absolutely has been a lifesaver to me,” says Michael Cox. The 51-year-old hasn’t eaten in two days and so finally resolved to visit one of Britain’s growing number of…
Europe’s banks dim lights as they brace for winter blackout
Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system underpinning…
Money transfer firms replace banks in crisis-hit Lebanon
Like many people in crisis-hit Lebanon, Elias Skaff used to wait for hours to withdraw cash at the bank but now prefers money transfer companies as trust in lenders has…
