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.
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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.
German banks involved in tax evasion scandal
German banks have purportedly aided investors in large scale tax evasion exploiting legal ‘loopholes’, with Commerzbank playing a key role in the alleged scam.
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Greece submerges as crisis fallout worse than emerging markets
Greek 5-year yields rise 55 bps to 7.62 pct
German bunds advanced and Greek securities declined on Monday, extending losses that sparked a sell-off in the periphery last week.
Greek five-year yields rose 55 basis points to 7.62 percent, after touching 7.94 percent on Friday, the highest since April.
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Draghi cash offer seen losing luster as euro area risks increase
By Alessandro Speciale, Jana Randow & Joshua Robinson
Mario Draghis promise of cheap cash for banks betting on the euro-area revival is losing its allure.