News

low angle shot of tall buildings with glass exterior

Can Olaf Scholz be Trusted When He Says Deutsche Bank is not the Next Bank to Worry About?

Shares in Deutsche Bank, Germany’s largest lender, fell by as much as 14% on Friday, with other banks across Europe also seeing significant losses. Commerzbank in Germany fell by 5%, Societe Generale in France dropped by 6%, and Standard Chartered in the UK was down over 6%. Deutsche Bank did recover somewhat but still closed …

Can Olaf Scholz be Trusted When He Says Deutsche Bank is not the Next Bank to Worry About? Read More »

the deutsche bank in hanover lower saxony germany

Chancellor of Germany seeks to build confidence in “Deutsche Bank” financial situation

The Chancellor of Germany has launched efforts to reassure investors about the financial stability of Deutsche Bank, the country’s largest bank. The bank’s share price has plummeted in both Europe and the United States, following the surge in Credit Default Swap (CDS) and the sell-off of financial instruments classified as Tier 1 capital. In response, …

Chancellor of Germany seeks to build confidence in “Deutsche Bank” financial situation Read More »

people protesting in a rally

On April 11th, British Labor Unions to Strike, Calling for Salary Hikes

British labor unions have announced that more than 3,000 civil servants from four ministries will go on strike on April 11 to demand higher wages and better pension benefits, as well as job security. The announcement comes after negotiations with the government broke down. The workers, who belong to the Public and Commercial Services (PCS) …

On April 11th, British Labor Unions to Strike, Calling for Salary Hikes Read More »

person holding black android smartphone

France Bans Government Officials from Using TikTok on Mobile Phones Over Data Leakage Concerns

In a move to protect its cyber security, the French government has banned civil servants from using TikTok on their mobile phones while at work. The decision comes amid concerns about data leakage from the popular social media app. French Minister of Civil Affairs Stanislas Guerini announced the ban in a tweet, stating that it …

France Bans Government Officials from Using TikTok on Mobile Phones Over Data Leakage Concerns Read More »

Stock Market

Asian Stock Markets Close Lower as Investors Evaluate Yellen’s Opinion

On March 24th, 2023, Asian stock markets closed lower, with investors continuing to worry about financial system problems in Europe and the United States, as they evaluated the opinion of US Treasury Secretary, Janet Yellen. Tokyo’s Nikkei closed at 27,385.25 points, down 34.36 points, or -0.13%, due to concerns about the banking crisis, ending slightly …

Asian Stock Markets Close Lower as Investors Evaluate Yellen’s Opinion Read More »

pexels-photo-3531895.jpeg

The CEO of Stanchart warns that the devaluation of Credit Suisse’s AT1 to zero will have a significant impact

The CEO of Standard Chartered Bank (Stanchart) has expressed concern about the impact of the Swiss government’s decision to cut the value of Credit Suisse’s Additional Tier 1 (AT1) financial instruments to zero. Speaking at a financial conference in Hong Kong, he warned that the move would have serious consequences for the market and create …

The CEO of Stanchart warns that the devaluation of Credit Suisse’s AT1 to zero will have a significant impact Read More »

Change Language