Stocks slumped on Tuesday, as fears about the health of the financial sector after the collapse of First Republic Bank collided with broader anxiety stemming from signs of a weakening economy. Some regional banks, which have been under pressure since Silicon Valley Bank and Signature Bank...
For many investors, HSBC, Europe’s largest lender with a venerable place in Britain’s banking industry, offers little to critique: It is performing well and has focused on its most profitable and fastest-growing operations, those in Asia. But for the firm’s largest investor, the sprawling Chinese insurance...
Banks in focus as the Fed weighs its rates move If market predictions are correct, the Fed on Wednesday will raise borrowing costs by a quarter of a percentage point, even as growing turmoil in the stocks of regional banks threatens to choke off credit to...
A coalition of investors that oversee $10tn in assets has called on companies including Amazon, PepsiCo and McDonald’s to drastically reduce their reliance on plastics, saying a failure to do so exposes them to financial risks. The 183-strong group has written to 30 of the...