Five hedge funds interviewed by Reuters this week each gave details of a trading idea they think could result in a profit from the most significant turmoil to have roiled the banking sector since the 2008 financial crisis.
U.S. regulators on Friday put large banks on notice that tougher oversight is coming, after the Federal Reserve and Federal Deposit Insurance Corp issued detailed reports on what went wrong and where their supervisors came up short in the run-up to the two biggest bank failures since the Great Financial Crisis.
British housebuilder Taylor Wimpey Plc said on Thursday buyer interest has risen over the past few months, helped by an improvement in sales and mortgage rates, even as the group remained cautious over broader economic woes.
Barclays reported better than expected first-quarter profit of 2.6 billion pounds ($3.24 billion) on Thursday after strong performance at its credit card business offset pressure on other profit engines, including investment banking.
Mastercard Inc on Thursday beat estimates for quarterly profit as travel demand held up against a turbulent economy, and bet on resilient consumer spending through the year.