US authorities have reached out to several financial institutions asking them to make bids on the assets of troubled First Republic Bank, a source familiar with the matter told AFP. It’s the lasters sign that the trouble that hit US and other banks in March has not yer dissipated. FirstContinue Reading

Australia’s stock exchange has plunged by 1.8 per cent as fears grow about the health of the global banking sector. The Australian Securities Exchange (ASX) dropped to 6929.8 on the open. It plunged to a 10-week low as gloom spreads following the collapse of Silicon Valley Bank on Friday andContinue Reading