March 20 (Reuters) – U.S. banking stocks rose on Monday and Europe’s lenders recovered from a sharp early sell-off after UBS Group’s state-backed takeover of Credit Suisse appeared to close off one source of worry for the global banking sector. In a package engineered by Swiss regulators on Sunday, UBS Group AG (UBSG.S) will pay … Read more
SINGAPORE, March 20 (Reuters) – U.S. stock futures rose in Asian trade on Monday in relief at a weekend rescue deal for Credit Suisse, though the mood was nervous and financial shares remained under pressure from contagion fears, even with support from global central banks. S&P 500 futures rose 0.5% in bumpy early trade. Japan’s … Read more
Asian stock markets: ECB delivered 50bp hike as promised, dropped forward guidance Credit Suisse shares rebounded 20% after SNB support First Republic Bank gets $30 bln injection, worries linger Fed data showed banks sought record emergency liquidity SYDNEY, March 17 (Reuters) – Asian markets extended a risk rally on Wall Street on Friday to end … Read more