Tag: Banking crisis

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Banking turmoil means recession fears are creeping back

The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse's rescue, and the ensuing turmoil in world markets...

Banking volatility eases as regulators refine responses

Immediate investor concerns over the banking sector eased on Tuesday, lifting stock prices, with the European Central Bank's supervisory chief saying recent sector volatility...

European stocks extend recovery as banking fears ebb

European stocks rose for a second session on Tuesday, lifted by commodity and banking shares, after a buyout deal for failed Silicon Valley Bank...

First Citizens agrees to acquire failed Silicon Valley Bank

First Citizens BancShares Inc (FCNCA.O) said on Monday it will acquire the deposits and loans of failed Silicon Valley Bank (SIVB.O), closing one chapter in the crisis...

Global supervisor committee to review banking market turmoil

The main global committee of banking supervisors is to review this month's banking market turmoil to see what lessons can be learnt and whether...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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