Late on Sunday evening, the Chinese financial hub of Shanghai announced it was going into lockdown, one half at a time, reversing weeks of denying it would impose blanket restrictions on the city’s 25 ... ( read original story ...)
House GOP demands Biden reveal Chinese ties to Silicon Valley Bank
House Republicans are pushing for an investigation of the Chinese Communist Party’s ties to the collapsed Silicon Valley Bank. ( read original story ...)
House Republicans demand Biden answer on Chinese ties to collapsed Silicon Valley Bank
the SPD Silicon Valley Bank (SSVB) was a 50-50 joint venture between the Chinese Communist Party (CCP) state-owned Shanghai Pudong Development Bank and SVB Financial," the letter reads. It continues, ... ( read original story ...)
Central bank conducts reverse repos
The People's Bank of China on Friday conducted 7 billion yuan ($1.02 billion) of seven-day reverse repos at an interest rate of 2 percent. The move is aimed at keeping liquidity reasonable and ample ... ( read original story ...)
Deutsche Bank tumbles as nervous investors seek safer shores
Deutsche Bank logo and decreasing stock graph are seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo ... ( read original story ...)
UPDATE 2-China banking regulator says discussed economy with HSBC CEO
Quinn said HSBC would continue to strengthen its business in the Shanghai and would further provide financial support for industry upgrades, according to the post. HSBC did not respond immediately to ... ( read original story ...)
Deutsche Bank, UBS hit as bank fears spark stress signals
SHANGHAI (Reuters) -Chinese food delivery giant Meituan posted a bigger-than-expected 21.4% rise in quarterly revenue on Friday as it fended off competition... LONDON (Reuters) -Deutsche Bank shares ... ( read original story ...)