Washington – The world is worried after the bankruptcy of Silicon Valley Bank-SVB of the United States and the Credit Suisse of Switzerland. Warnings are being given that some more banks in the United States and Europe will go bankrupt in the future. Due to this, some economists have warned that an even worse economic […]
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Washington: Former Lehman Brothers official has warned that more than 50 banks in the US are likely to face bankruptcy if the structural problems are not addressed. Lehman Brothers, one of the largest banks in the US, collapsed in 2008, which triggered a worldwide economic recession. Lawrence McDonald, a former executive of Lehman Brothers, has […]
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Washington – It revealed that Signature Bank went bankrupt in the United States, followed by Silvergate and SVB. The third US bank failure in a week signals that the country’s banking sector was in trouble. Against this backdrop, President Joe Biden claimed, on Monday, the US banking sector was safe. However, former US President Donald […]
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Beijing: China, the world’s second-largest economy, is still in recession. Last month, it was revealed that China’s economic growth rate had dropped to 0.4%. After that, there are indications that the crisis in China’s ‘Real Estate’ sector is taking a more serious form. International financial institutions have predicted a 30% drop in China’s housing and […]
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Tehran: – Cyberattacks were launched on the port and banking sector linked to the Iranian government. Iran has confirmed the cyberattacks. But Iran avoided naming any country or organisation for these cyberattacks. Since the last few months, there has been a spate of suspicious blasts and fires in Iran. Surprisingly, Iran has not accused anyone […]
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Beijing: The Chinese banking sector is suffering a knockdown as the debt is on the rise amid Covid pandemic phase. It is being said that in the first half of 2020, five major Chinese banks faced a 10% drop; they suffered a loss worth $220 bn. This factor will greatly affect the Chinese economy, and […]
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Tehran: While the United States has been preparing to corner Iran through sanctions, Iran has issued a stern warning to the other signatory countries in the Iran nuclear deal. “If the decisions to bail out the Iranian banking and oil sector are not taken within the next 60 days, Iran will violate some of the […]
Read More »Washington: The scope of the threats in the cyberspace is increasing by the day and the cybercrimes have costed the world economy to the tune of $600 billion. In rupee terms, this is an astronomical equivalent of ₹40 lakh crore. The leading US think tank, ‘Centre for Strategic and International Studies’ (CSIS) and the cyber […]
Read More »Washington/London/Tokyo – Despite the assurances given by President Joe Biden in the wake of the US banking crisis, uncertainty among global investors still remains. This has had a strong impact on global stock markets, including the US and stocks in the banking sector have taken a huge hit. In the US alone, banks suffered losses […]
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Beijing: Evergrande, China’s leading construction company, has reportedly failed to repay more than 300 billion in debt. It has been revealed that two leading multinational banks have since refused to accept the bonds issued by Fantasia company as collateral. Subsequent developments have brought the issue of bad debts in the Chinese construction sector on the […]
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