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Tag: financial sector

Türkiye due to open state-of-the-art Istanbul Finance Center
Economy

Türkiye due to open state-of-the-art Istanbul Finance Center

April 14, 2023April 14, 2023

Türkiye is getting ready for a long-awaited opening of an enormous business district that can boast many of the nation’s most distinguished establishments and guarantees

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Shares plummet after UBS’s historic takeover of Credit Suisse
Business

Shares plummet after UBS’s historic takeover of Credit Suisse

March 20, 2023March 20, 2023

Shares of Credit Suisse plunged 63% in early buying and selling Monday after the announcement that banking large UBS would purchase its troubled rival for

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Investors still worried despite bank rescues easing crisis woes
Business

Investors still worried despite bank rescues easing crisis woes

March 17, 2023March 17, 2023

Market considerations about an imminent banking disaster eased on Friday after a $30 billion lifeline for First Republic Bank. Yet, a late tumble within the

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Top US banks deposit  billion to save First Republic
Business

Top US banks deposit $30 billion to save First Republic

March 17, 2023March 17, 2023

Eleven of the most important banks within the United States introduced a $30 billion rescue package deal for First Republic Bank on Thursday, in an

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US banking system ‘sound’, but not all deposits guaranteed: Yellen
Business

US banking system ‘sound’, but not all deposits guaranteed: Yellen

March 16, 2023March 16, 2023

U.S. Treasury Secretary Janet Yellen on Thursday sought to make sure Americans “can feel confident” about their deposits and that the nation’s banking system “remains

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Freefall of Credit Suisse renews fears of crisis after SVB fallout
Business

Freefall of Credit Suisse renews fears of crisis after SVB fallout

March 15, 2023March 15, 2023

Shares of embattled Credit Suisse misplaced greater than one-quarter of their worth on Wednesday, main the autumn in European financial institution shares that tumbled on

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Another bank collapses as US, Europe rush to contain SVB fallout
Business

Another bank collapses as US, Europe rush to contain SVB fallout

March 13, 2023March 13, 2023

As the sudden collapse of Silicon Valley Bank (SVB) on Friday continues to roil markets, U.S. and European authorities have moved to ease fears over

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Missing Chinese banking tycoon Bao Fan aiding probe: Company
Business

Missing Chinese banking tycoon Bao Fan aiding probe: Company

February 27, 2023

Missing Chinese funding banker and star dealmaker Bao Fan is cooperating with the related authorities in an investigation, his firm China Renaissance Holdings mentioned late

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Final countdown starts for state-of-the-art Istanbul Finance Center
Economy

Final countdown starts for state-of-the-art Istanbul Finance Center

January 26, 2023

Türkiye is nearing the completion of an enormous business district that may boast nearly the entire nation’s most outstanding establishments and guarantees to put the

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Goldman Sachs to slash about 3,200 jobs this week
Business

Goldman Sachs to slash about 3,200 jobs this week

January 9, 2023January 9, 2023

The Goldman Sachs Group Inc. is about to provoke one among its greatest rounds of job cuts ever, because it plans to get rid of

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