Tag Archives: NAMER

March 24 (Reuters) – Shares of Germany’s largest bank Deutsche Bank plunged on Friday as investors fretted that regulators and central banks have yet to contain the worst shock to the sector since the 2008 global financial crisis. Wider indicators of financial market stress were also flashing, with the euro …

Weekly jobless claims fall 1,000 to 191,000 Continuing claims increase 14,000 to 1.694 million New home sales rise 1.1% in February WASHINGTON, March 23 (Reuters) – The number of Americans filing new claims for unemployment benefits edged down last week, showing no signs yet that the recent financial market turbulence …

European shares dip as UK, Switzerland and Norway hike rates Dollar stuck near 7-week low after mixed Fed message Oil prices slip in commodity markets LONDON, March 23 (Reuters) – World stock markets rose on Thursday as shares on Wall Street rallied, and Treasury yields fell, after investors took comfort …

NEW YORK, March 23 (Reuters) – The end of the Federal Reserve’s bruising rate hiking cycle may be in sight, yet investors are finding plenty to worry about when it comes to the U.S. stock market. In its first meeting since the collapse of two U.S. banks this month and …

Existing home sales jump 14.5% in February Median house price falls 0.2% to $363,000 from year ago Supply increases 15.3% year-on-year to 980,000 units WASHINGTON, March 21 (Reuters) – U.S. existing home sales rebounded more than expected in February as lower mortgage rates and the first year-on-year decrease in prices …

Europe bank Additional Tier 1 (AT1) bonds up Europe bank shares up 3.6%, set for biggest gain since Oct Cost of insuring banks against debt default falls Invesco’s AT1 Capital Bond ETF up more than 2.5% LONDON/SINGAPORE, March 21 (Reuters) – An uneasy calm descended across battered bank bonds and …

Bank shares rally after emergency takeover of Credit Suisse Credit Suisse slumps over 55% European banks claw back some ground after initial 5% tumble Government bond yields rise in cautious bid for risk Wall Street gains, First Republic Bank tumbles NEW YORK/LONDON, March 20 (Reuters) – Bank stocks rallied on …

LONDON, March 19 (Reuters) – Financial markets were poised for relief on Monday after UBS Group AG (UBSG.S) agreed to buy Credit Suisse Group AG (CSGN.S) in a rescue orchestrated by the state, while major central banks announced a co-ordinated move to shore up liquidity in the financial system. In …

UBS to pay 3 bln Swiss francs ($3.23 bln) for Credit Suisse Yellen, Powell welcome deal to support financial stability UBS to assume up to $5.4 bln in losses; deal to close this year CS writes down $17 bln of bonds to zero, angering holders S&P lowers First Republic Bank’s …

BERN, March 19 (Reuters) – UBS (UBSG.S) agreed to buy rival Swiss bank Credit Suisse (CSGN.S) for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking …