The U.S. Senate Banking Committee on Thursday called on the former chief executives of Silicon Vally Bank (SVB) and Signature Bank to testify as lawmakers weigh possible action after the banks’ failures triggered market turmoil.
Shares of Coinbase Global Inc fell 13% in premarket trading on Thursday after the U.S. Securities and Exchange Commission issued a notice declaring its intent to recommend an enforcement action against the crypto exchange’s products.
French oil major TotalEnergies said on Thursday its investments in three subsidiaries of embattled Indian conglomerate Adani were undertaken in full compliance with Indian laws and with TotalEnergies’ own governance processes.
Hindenburg Research on Thursday disclosed short positions in Block Inc and alleged that the Jack Dorsey-led payments firm overstated its user numbers and understated its customer acquisition costs.
The Bank of England on Thursday followed the Federal Reserve and the Swiss National Bank in hiking interest rates, as policymakers ploughed on with their fight against inflation in the face of the instability that rippled through the global banking system this month.
The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks.
The European Central Bank has trimmed the carbon intensity of its 385-billion-euro stash of corporate bonds but the dwindling of purchases is slowing its progress, an ECB report showed on Thursday.
The main global committee of banking supervisors is to review the recent turmoil in the financial system to see what lessons can be learn and whether any regulations need tightening.
New York kept the top spot in the latest rankings of global financial centres from Z/Yen Group on Thursday, with London and Singapore also unchanged in second and third place.
A year of tests run by central banks in Italy, Malaysia and Singapore have spurred hopes for a global instant payments network accessible at the tap of a mobile phone.
