Banking stress puts U S and Europe on watch for credit crunch fbcnews.com.fj - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fbcnews.com.fj Daily Mail and Mail on Sunday newspapers.
U S backstops Silicon Valley Bank sale to First Citizens kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
Stress in the banking sector is being closely monitored for its potential to trigger a credit crunch, a U.S. Federal Reserve policymaker said on Sunday, as a European Central Bank official also flagged a possible tightening in lending.
In an indication of the fallout of a fresh round of sanctions, the European Central Bank on Monday warned that Sberbank Europe, a unit of Russia’s Sberbank SBER.MM, and two other subsidiaries under its watch “are failing or likely to fail”. The ECB said it was “owing to a deterioration of their liquidity situation”, while .