Commerzbank

Collapse of Bank Shares around the World after the Bankruptcy of American SVB and Signature Bank

Bank shares around the world collapsed despite assurances from US President Joe Biden that the US financial system is safe, the BBC reported.

The decline in the stock's value comes after Biden vowed to do whatever it takes to protect the banking sector following the collapse of Silicon Valley Bank and Signature Bank.

Fruitful market foray raises 2 bln euros

The Greek state has increased its cash leeway for meeting the challenges of the Covid-19 crisis by 2 billion euros thanks to Wednesday's issue of a seven-year bond, Greece's first market foray after the outbreak of the health crisis in Europe and the country's inclusion in the European Central Bank's emergency bond-buying program.

The Banks which Are Affected by Brexit Are Heading to Frankfurt

Banks which are seeking for a new European financial centre after Brexit have so far turned their preferences to Frankfurt, according to a study by German bank Helaba.

By the end of August, 31 banks had chosen to establish or expand their operations in the western German city to secure their presence in the EU after London leave the bloc.

Deutsche Bank Played an Important Role in The Money Laundering Scandal

The German bank that loaned USD 300M to Donald Trump played a prominent role in a money laundering scandal run by Russian criminals with ties to the Kremlin, according to the Guardian.

Deutsche Bank is one of dozens of western financial institutions that processed at least USD 20BN - and possibly more - in money of "criminal origin" from Russia.