investment-portfolios
Top StoriesMitsubishi Ufj to Postpone AT1 Bond Issuance in Credit Suisse Fallout
Top StoriesIn Beijing, Spanish PM Urges Xi to Speak With Ukraine’s Zelenskiy
BankingExclusive-U.S. Regulator Seeks Sale of Silicon Valley Bank, Signature Bank Portfolios-Sources
Top StoriesStocks Rise After Bank Sale Fuels Investor Risk Appetite
U.S. Mid-Tier Lenders Shares Rise in Frankfurt After Svb Deal
Date: March 27, 2023
LONDON (Reuters) – The Frankfurt-listed shares of several mid-tier U.S. lenders rose sharply on Monday, after a buyer emerged for large chunks of embattled Silicon Valley Bank’s deposits and loans, which helped inject some much-needed calm into fragile markets. Shares in Pacific West Bancorp surged 16% in thin volumes in Frankfurt, while those in First...
How the 2023 Banking Crisis Unfolded
Date: March 24, 2023
(Reuters) – Global banks are staring at the biggest crisis since 2008 after two U.S. lenders collapsed, Switzerland’s Credit Suisse sought a government lifeline and America’s top banks agreed to offer a $30 billion rescue deal – all in the space of 10 days. The turmoil has ratcheted up fears of a contagion and prompted...
Dollar Outshines Euro, Sterling Amid European Bank Jitters
Date: March 24, 2023
By Hannah Lang WASHINGTON (Reuters) – The euro and sterling fell sharply against a strengthening dollar on Friday amid lingering nervousness over banks. Banking stocks plunged in Europe with heavyweights Deutsche Bank and UBS Group pummelled by worries that the worst problems to hit the sector since the 2008 financial crisis have not yet been...
Zur Rose Delays Profitability Break-Even to 2024
Date: March 23, 2023
By Anastasiia Kozlova and Tristan Chabba (Reuters) – Swiss online drug retailer Zur Rose on Thursday said it will not reach break-even in adjusted core profit this year as it navigates regulatory requirements for rolling out online prescriptions in Germany. It had said last year it expected its adjusted earnings before interest, taxes, depreciation, and...
Lloyd’s of London Swings to 2022 Pre-Tax Loss
Date: March 23, 2023
FRANKFURT (Reuters) – Lloyd’s of London swung to a pre-tax loss in 2022 and took writedowns on its fixed-income investments, it said on Thursday. The pre-tax loss was 800 million pounds ($982.56 million), compared with a profit of 2.3 billion pounds a year earlier. Rising interest rates have hit investments at many financial firms, and...
Syngenta 4Q Profit Falls as Raw Material Prices Increase
Date: March 22, 2023
ZURICH (Reuters) – Swiss agrichemicals and seeds group Syngenta on Wednesday reported a 25% drop in fourth quarter earnings due to higher raw materials and energy costs. Syngenta, which plans to list within the next few months, also spent more on reorganising its business and set cash aside to cover macro-economic uncertainties such as further...