U.S. business activity gained steam in March as orders rebounded for the first time in six months, according to a survey on Friday, which also suggested that inflation could continue to slow gradually.
Global banking regulators will step up scrutiny of how risks from systemically important shadow banks could destabilise lenders, a top banking regulator said on Friday as central bankers home in on the huge funds industry.
Some bankers and traders are grappling with how to interact with Credit Suisse across various markets including debt and foreign exchange, with some increasing their scrutiny when dealing with the Swiss bank or its products, sources said.
Banking stocks tumbled in Europe on Friday with heavyweights Deutsche Bank and UBS Group pummelled by worries that the worst problems in the sector since the 2008 financial crisis are not contained, while stress indicators in the currency and bond markets flash warning signs.
European banking stocks fell sharply on Friday, with Deutsche Bank and UBS knocked by worries that actions by regulators and central banks have not yet contained the worst problems to face the sector since the 2008 global financial crisis.
Cryptocurrency exchange Binance has suspended deposits and withdrawals on its platform due to technical issues affecting its spot trading, Chief Executive Changpeng Zhao said in a tweet on Friday.
Shares of Twitter co-founder Jack Dorsey's Block Inc fell 4% in premarket trading on Friday, a day after the payments firm's Cash App business became the latest target of U.S. short seller Hindenburg Research.
HSBC has moved its head of markets in Greater China, Justin Chan, to become an adviser to its co-CEOs in Asia Pacific, according to an internal memo seen by Reuters on Friday.
Hungary's ruling Fidesz party will nominate banker Eva Buza and economist Zoltan Kovacs to fill two expiring seats on the central bank's rate-setting Monetary Council next week, two sources familiar with the matter told Reuters.
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