The London Metal Exchange has discovered bags of stones instead of the nickel that underpinned a handful of its contracts at a warehouse in Rotterdam, in a revelation that will deliver another blow to confidence in the embattled exchange.
A group of US lawmakers from California are asking for a federal investigation into what role Goldman Sachs Group Inc. might have played in the collapse of Silicon Valley Bank.
Traders pared bets on emerging-market stocks, bonds and currencies on Friday as worries over the health of the banking sector mounted, stoking jitters of a global recession.
While the Federal Reserve is likely to deliver their last rate hike of the cycle next week, a better course of action would be to tap the brakes, according to DoubleLine Capital’s Jeffrey Sherman.
Mexico’s government will soon present to lawmakers a long-awaited stock market reform bill that aims to help spur more listings in the local stock market, Deputy Finance Minister Gabriel Yorio said on Friday.
Oil posted the worst weekly loss since the early months of the coronavirus pandemic as banking turmoil poisoned investor sentiment.
Just over a year before Silicon Valley Bank’s collapse threatened a generation of technology startups and their backers, the Federal Reserve Bank of San Francisco appointed a more senior team of examiners to assess the firm. They started calling out problem after problem.
The state’s $3 billion industry is weeks behind schedule and the damage isn’t over. Customers can expect higher prices.
Two of Washington’s most at-odds politicians had an uncharacteristically friendly exchange at a luncheon celebrating their shared heritage.
Turkey and Hungary both signaled they plan to ratify Finland’s entry into NATO, bringing the military alliance a step closer to welcoming its 31st member as the ripples from Russia’s invasion of Ukraine spread across the European security landscape.
