The trade group representing U.S. banks has asked the Securities and Exchange Commission to take action against what it calls market manipulation and abusive short-selling practices after the latest nosedive in the stock market.
: The story of falling regional banks, as told in this Monty Python meme video
This meme video pretty well encapsulates the crisis facing regional banks.
Dow Jones Newswires: International Consolidated Airlines lifts guidance after swinging to profit
The owner of British Airway and Iberia reported operating profit of 9 million euros, compared with an operating loss of EUR718 million for the first quarter.
Dow Jones Newswires: Adidas reports slightly better sales, but still expects loss from Yeezy writedown
The effect of last year’s breakup with Yeezy designer Kanye West dragged the top line, but sales in the EMEA region were positive and even more so in other regions, Adidas said.
Dow Jones Newswires: Clariant backs full-year views despite demand slump
The Swiss chemicals group booked a 5% organic sales decrease to 1.20 billion Swiss francs ($1.35 billion).
Dow Jones Newswires: Air France-KLM lowers capacity forecast ahead of busy summer
The Franco-Dutch carrier group on Friday posted revenue of 6.33 billion euros ($6.97 billion) for the three months to the end of March, up 42% on year.
Dow Jones Newswires: China’s Caixin services PMI slips, but stays firmly in expansion territory
A private gauge of China’s service sector declined in April but still stayed in expansion territory as consumers shifted to close-contact services after Beijing lifted COVID restrictions.
Dow Jones Newswires: Reserve Bank of Australia still jittery about stubborn inflation risks
The Reserve Bank of Australia continues to warn that while inflation pressures have peaked, the risks that inflation remains higher for longer are significant and further interest-rate increases may be needed.
: Bank stocks’ volatility draws scrutiny for potential market manipulation: report
State and federal authorities are looking into the possibility of market manipulation behind recent volatility in bank stocks, according to a report Thursday.
Weekend Sip: Just in time for Cinco de Mayo: Five tequilas and mezcals worth trying
The market for the popular Mexican spirits has grown into a $6 billion one in the U.S.
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