Finance

Key lawmakers say upcoming hearings on bank failures aim to boost U.S. confidence in banking sector

WASHINGTON — A bipartisan group of lawmakers overseeing the recent turmoil in the banking sector said Wednesday that they aim…

Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads

Deutsche Bank shares slid Friday while the cost of insuring against its default spiked, as the German lender was engulfed…

Stocks making the biggest moves premarket: Deutsche Bank, Coinbase, Block, Marathon Oil and more

Check out the companies making headlines in premarket trading. Deutsche Bank — The German lender’s shares tumbled 13% following a…

Deutsche Bank shares slide after sudden spike in the cost of insuring against its default

Deutsche Bank shares fell on Friday following a spike in credit default swaps Thursday night, as concerns about the stability…

TikTok wants to distance itself from China — but Beijing is getting involved

BEIJING — China says it would “strongly oppose” a forced sale of TikTok, making clear the government’s involvement with the…

The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?

Following Credit Suisse‘s “emergency rescue” by rival UBS, Swiss authorities placed a heavy emphasis on the role of U.S. regional…

Banks ramp up use of new Fed facility created during crisis

American banks deepened their reliance on a new Federal Reserve lending program created after the collapse of Silicon Valley Bank…

Crypto is banned in China, but Binance employees and support volunteers tell people how to bypass the ban

Binance is the world’s largest crypto exchange by volume and assets, having processed $9.5 trillion worth of trades in 2021…

Ex-Morgan Stanley advisor charged with defrauding NBA players out of millions

Former Morgan Stanley advisor Darryl Cohen was arrested on Thursday morning for allegedly defrauding current and former NBA players including…