) stock fell 5.4% after the Nordic lender said it will book a provision of around $3.7M to do with a U.S. investigation over the bank's"historical shortcomings".
Elsewhere, Daimler Truck stock fell 2.9%, caught up in the negative overall sentiment despite the company announcing it will pay its first dividend after hitting its 2022 targets and expects higher earnings and revenue this year. Oil prices fell Friday, and are heading for their worst weekly loss in five weeks on concerns steep interest rate hikes in the U.S. will stymie economic activity and thus crude demand in the largest consumer in the world.
Also weighing on sentiment this week has been disappointing economic data out of China, the largest oil importer in the world, suggesting its economic recovery will take some time.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Banks
Banks are not your friends
Blood all over,
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank stocks crater as SVB's woes send warning sign By Investing.com*BANK STOCKS CRATER AS SVB'S WOES SEND WARNING SIGN ACROSS THE SECTOR - $JPM $C $WFC $BAC $SVBI Yesterday Powell was told by a 👸🏿 to cut rates if you remember he responded with Higher for longer till we take out the trash. This should be main article of day, tomorrow is D day.
Source: Investingcom - 🏆 450. / 53 Read more »
Morgan Stanley highlights four stocks that are rising stars in the world of ESG investingThe firm sees these stocks as rising stars in the environmental, social and governance realm. ESG The 'S' stands for Satan. Evil to the core. ESG is a JOKE Ratio incoming
Source: CNBC - 🏆 12. / 72 Read more »
European banking stocks sink as Silicon Valley Bank jitters spreadEuropean banking stocks sold off sharply in early trade Friday as a global contagion effect took hold after shares in U.S. bank SVB Financial plunged 60%. Everyone is awakening to the reality that the time bomb might be in their bond portfolio and that raises the question “will there be a panic in the bond market?” RED FRIDAY! And yet again, the capitalists, the smart guys, the investors, making bad decisions, losing billions of dollars and the ones at the top, who make all these decisions, can still walk away worth millions… it’s a rigged, broken system, these fucks should be regulated as hell!!
Source: CNBC - 🏆 12. / 72 Read more »
European bank stocks slide on worries over their holdings of bondsShares in European banks slumped on Friday on worries over their health after a series of interest-rate hikes around the world.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock market today: Dow dives as bruised banks rattle sentiment; Jobs data eyed By Investing.com*S&P 500 SINKS TO 7-WEEK LOW AS BRUISED BANKS RATTLE SENTIMENT AHEAD OF JOBS REPORT $DIA $SPY $QQQ 🇺🇸🇺🇸 Jerome say this coming with the Banks..... Good read
Source: Investingcom - 🏆 450. / 53 Read more »