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European Banking Stocks

All articles tagged with #european banking stocks

finance2 years ago

Treasury Yields Fluctuate Amidst Market Uncertainty

U.S. Treasury yields were slightly lower as investors remained cautiously optimistic that recent banking turmoil has settled. Markets have been processing a flurry of news from the global banking sector in recent weeks, along with what the latest round of interest rate hikes from the U.S., U.K. and EU mean for those economies. European banking stocks were higher as confidence continued to return to the sector and UBS announced it would bring back former CEO Sergio Ermotti to oversee its acquisition of Credit Suisse.

via CNBC|
#banking-turmoil#european-banking-stocks#finance
energy2 years ago

Oil Prices Plummet Amid Banking Sector and Recession Concerns

Oil prices fell by almost 4% due to the US dollar's rally and the European banking sector's intense sell-off. The banking sector's turmoil led to renewed selling across commodities, including crude oil. The US signaled it is unlikely to fill the Strategic Petroleum Reserve this year, which weighs on demand for crude. The move would be dual purpose in that not only would it replenish the nation’s depleted reserves, but it would boost demand when prices were low instead of sending them into orbit at a time or regular prices.

via OilPrice.com|
#commodities#energy#european-banking-stocks
finance2 years ago

Credit Suisse's Troubles Shake Global Markets and Crypto.

Credit Suisse shares resumed their decline on Friday, despite securing a $54 billion lifeline from the Swiss central bank earlier in the week. A ratings downgrade and a U.S. lawsuit offset some of the relief, and investor sentiment remains fragile. Credit Suisse saw more than $200 million net outflows from its U.S. and European managed funds after March 13. The ECB Supervisory Board convened an unscheduled meeting on Friday to discuss stress and vulnerabilities in the euro zone bank sector. Credit Suisse shares are down about 26% this week and poised for their biggest week drop since October 2008 and the global financial crisis.

via Reuters|
#credit-suisse#european-banking-stocks#finance