The Banking Sector Turmoil in Charts
Unrealized losses, insufficient capital and hefty uninsured deposits left some banks vulnerable.
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Day: March 18, 2023
China fines Big Four accounting firm — RT Business News
The authorities claimed Deloitte’s audit of one of the country’s largest bad-debt managers was marred by negligence China’s Finance Ministry
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Local Banks Could Leave Gaps That Are Hard to Fill
Markets Heard on the Street A weakened position for small banks would harm small businesses and less-urban areas
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China's M&A Star Tells Staff to Be Bold—Then He Disappears
The detention of tech rainmaker Fan Bao rattles an industry that thought Beijing’s crackdown was over.
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Swiss banking giant in talks to buy Credit Suisse – media — RT Business News
UBS reportedly may acquire all or parts of the failing lender, with discussions to be held over the weekend Swiss
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First Republic, SVB, Credit Suisse Show How Higher Interest Rates Caught Up With Banks
For much of the early part of 2023, the economy seemed to be humming along. Inflation was hot, but continuing
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London Metal Exchange discovers fraud at warehouse — RT Business News
Bagged nickel briquettes were found to not have the weight specified in the contracts The London Metal Exchange (LME) discovered
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Grim economic forecast issued for Germany — RT Business News
Eurozone’s largest economy won’t escape recession this year, researcher Ifo warns Germany is facing a winter recession as the economy
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US lenders preparing for possible bank runs — RT Business News
Banks borrowed a record $165 billion from the Fed after the collapse of Silicon Valley Bank US banks took out
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How Did Silicon Valley Bank’s Management Team Get It So Wrong?
Silicon Valley Bank was a center of gravity in the tech industry. Its bankers understood technology and were eager to
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