2023-05-24 21:23:23 New York, Düsseldorf The ongoing debt dispute in the US is getting on the nerves of Wall Street investors more and more. The Dow Jones index of standard values closed 0.8 percent lower on Wednesday at 32,799 points. The tech-heavy Nasdaq fell 0.6 percent to 12,484 points. The broad S&P 500 lost 0.7 … Read more
2023-04-29 01:34:00 A branch of First Republic Bank in San Francisco, California, USA. Archyde.com Yonhap News It is known that the US financial authorities are imminent to intervene in the US First Republic Bank, which has been engulfed in crisis rumors. Archyde.com reported on the 28th (local time), citing sources, that the Federal Deposit Insurance … Read more
2023-04-14 20:51:35 New York Weak retail sales in the US pushed Wall Street into the red on Friday despite strong balance sheets from major US banks. The Dow Jones lost 0.4 percent to 33,886 points. The tech-heavy Nasdaq was also down 0.4 percent to 12,123 and the broader S&P 500 was down 0.2 percent to … Read more
New York Weak retail sales in the US pushed Wall Street into the red despite strong balance sheets from major US banks. The Dow Jones index of standard values was 0.5 percent weaker at 33,847 points on Friday. The broader S&P 500 lost 0.3 percent to 4132 points. The Nasdaq technology exchange index fell 0.4 … Read more
New York Investors on Wall Street start the new stock market week cautiously. The leading indices Dow Jones and S&P 500 lose 0.3 and 0.7 percent respectively in early trading on Easter Monday. The losses in the technology-heavy Nasdaq index are even greater – minus 1.2 percent. Heavyweights like Alphabet, Apple and Tesla are showing … Read more
Reporter Park Ga-young of Money Today | 2023.04.01 14:35 In the aftermath of the Silicon Valley Bank (SVB) bankruptcy, panic was created in the financial market, and deposits were withdrawn from US banks on a large scale. According to Bloomberg News on the 31st (local time), the US Federal Reserve System (Fed · Fed) reported … Read more
In the midst of such banking turbulence Another interesting “news” issue is that although Switzerland is in Europe and is surrounded by countries in the European Union (EU), starting with France, Germany, Austria and Italy, but Switzerland is not. Being in the European Union (EU), including the Swiss monetary system, is completely separate from the … Read more
Zurich, Frankfurt The struggle for the future of Credit Suisse is over: UBS takes over the second largest Swiss bank. The Swiss National Bank (SNB) is supporting the emergency merger with liquidity assistance amounting to CHF 100 billion, as the government, financial regulator and the two banks announced in a joint press conference. UBS pays … Read more