This week, stress in the U.S. banking system spread to Europe, making things worse for Credit Suisse, which was already in trouble. The European lender has had trouble for a long time. But on Wednesday, the problems with the bank became very clear. After a crazy 24 hours in which the bank’s stock price dropped…
AHAN – I sold shares of Biocon in the open market on Friday, which resulted in a 9.04 percent decline in the company’s stock price. According to the NSE bulk sales data, AHAN-I sold 189,28,363 equity shares of the firm at an average price of 200.74. The transaction’s buyers are not immediately identified. The Indian…
The USD/CAD hit a new daily high of 1.3772 on Friday, as the Loonie went down and the Greenback went up and down. The pair is about to lose a small amount for the week, even though it has moved away from the bottom. Bad and ugly thingsThe Canadian Industrial Product Price Index went down…
Prior to two of the largest banking catastrophes in American history, credit-rating agencies held regional banks in high regard. Fast failures at Silicon Valley Bank and Signature Bank raise the possibility that bondholders won’t ever receive their money back. Before regulators intervened to guarantee those accounts, uninsured depositors feared they would lose their money. Both…
Ten days ago, you could have believed that the banks had recovered from the horror of the 2007–2009 financial crisis. It is now obvious that they are still capable of terrifying people. On March 9, $42 billion in deposits fled Silicon Valley Bank as a result of an aggressive run. Three American lenders failed in…
Los Angeles: First Republic Bank received a $30 billion deposit injection from large US banks on Thursday, stepping in to save the institution who was embroiled in a growing crisis brought on by the failure of two other mid-size US lenders over the previous week.After Silicon Valley Bank failed last week due to bond-related losses…
Between May 2022 and February, the Reserve Bank of India (RBI) increased the repo rate, which is used to communicate interest rates in the economy, by 2.5%. If we merely consider this data point of 2.5%, it could not mean much. It is significant, though. This is substantially faster than the preceding rate cycles, according…
Gold rate today: Because the bank crisis is getting better and the European Central Bank (ECB) raised interest rates for the sixth time in a row, the price of gold and silver went up in early morning trades. Gold price came closer to its all-time high of 58,847 per 10 gm and hit an intraday…
As the USD Index continues to lose steam, EUR/USD has kept rising above 1.0640. After taking into account lower inflation in February and new banking instability, the Federal Reserve might keep interest rates the same. Technical Overview The EUR/USD bounced back from a key support (Fibonacci retracement, a key horizontal support band, and the 100-day…
After having a mixed response to the ECB’s 50 bps hike and President Lagarde’s comments on the policy outlook, EUR/USD has gotten back on track and is now up for the day above 1.0600. The USD seems to be losing ground because the market’s mood is getting better, which helps the pair move up. Technical…
