Egypt devalues its currency by over 30%
Egypt has devalued its currency, allowing it to weaken by about 35%. The pound plunged to 48.18 to the dollar in Cairo, down from around...
Tag: Bankruptcy
NYCB, the Fall of a Regional Bank
The lender known for catering to the needs of New York homeowners is in significant trouble. Last week, NYCB revealed major weaknesses in its ability...
The U.S financial market: unpredictable time
The bankruptcy of SVB raises several questions about the reliability of the US financial sector. It was not subprime loans or high alternative books that...
Unpredictable time
The bankruptcy of SVB raises several questions about the reliability of the US financial sector. It was not subprime loans or high alternative books that...
Understanding the SVB’s collapse
The Fed is considering stricter rules for mid-sized banks after the collapse of SVB Financial Group and Signature Bank. They could target lenders with assets...
Credit Suisse’s purchase, a wrong, good idea?
After a frenzied weekend of talks to find a solution ahead of the Asian market opening, UBS decided to buy its smaller rival for about...