after banking shares saw sharp falls on monday. the sell off continued in asia with japan s largest banks also seeing heavy losses. shares of mufg, miz uho and smfg were all down around 8% in trading. the nikkei exchange was down over 2% overall. here in europe, we ve seen credit suisse drop another 5% in early trading. on monday, major us banks lost around %90 billion in stock market value, bringing their loss since svb s collapse to nearly $190 billion. many are now speculating the federal reserve will pause its plans to keep raising interest rates, designed to tame inflation. we re nowjoined by greg swenson, who s an international investment banker, founding partner at brigg macadam. talk to me about the perception of rate rises being not only part of the cause of this but also now the federal reserve having a rethink about what it does for the cost of borrowing given what we have seen in the banking sector. great borrowing given what we have seen in the banking sector. t
Alliance Trust were winner's at this year's Investment Company of the Year Awards. Here, Investment Week hears from Alliance Trust on their recent win. Alliance.
will see business roles disappear. the timeline is different internationally but plenty of pain as the company tries to reorganise. absolutely. michelle, i know you will follow that for us. thanks for joining us. to china now where the government has announced it will once again start issuing a range of visas to foreigners from wednesday. it s seen as a major easing of travel restrictions that have been in place since the outbreak of the pandemic. the move marks the latest step towards reopening china to the outside world. our asia business reporter katie silver has more from singapore. they are going to be opening up to about four different categories of people, those who had visas prior to march 2020 will now be able to re enter and some of these for example, have multiple entry visas which would last about ten years, and they also going to allow foreigners to apply for visas and as