What are AT1 bonds, and why are they risky?
AT1 bonds are popular among European banks as a way to build up safety buffers. While AT1s pay high interest to bondholders, their mechanics can make them a risky investment.
Bank of England raises interest rates again, sees inflation shock fading
The bank noted "large and volatile moves" in financial markets around the world but said its Financial Policy Committee judged that Britain's banking system remained resilient.
Credit Suisse write-off upends European bank capital bonds
A last minute law change allowed Switzerland to write off $17 billion in bonds, while allowing equity holders to keep their money, an unprecedented change.
Ship owned by Microsoft cofounder Paul Allen's estate topples in Scottish dry dock
Twenty-five people were injured when a ship came off its holding and tipped on its side in a dry dock in Leith, Scotland, Wednesday, the Scottish Ambulance Service said, with 15 taken to hospital. (Reuters)
UK inflation rate unexpectedly rises to 10.4% in February
Inflation in the U.K. rose more-than-expected to 10.4% in February as higher food and drink costs pushed up prices.
Happiest countries in the world for 2023
The U.S. was 15th in rankings from the 2023 World Happiness Report. The report, which was published on Monday, said Finland and Denmark took the top two spots, respectively.
Macron to address government plan, protests after surviving no-confidence vote on pension reform
French President Emmanuel Macron will address the nation Wednesday via televised interviews after surviving two no-confidence votes on an unpopular pension reform.
Gen. Jack Keane: China's aggression will naturally increase if Russia wins in Ukraine
Fox News senior strategic analyst Gen. Jack Keane (ret.) discusses President Xi Jinping meeting Vladimir Putin in Russia, combatting China's 'favored' trade status and Saudi Arabia reportedly inviting the Iranian president for a visit.
EV batteries lack repairability leading some insurers to junk whole cars after even minor collisions
Some insurers are forced to scrap whole electric vehicles if their batteries are scratched or slightly damaged as they lack repairability and cost as much as 50% of the total vehicle.
JPMorgan Chase’s nickel bags turn out to be full of stones: report
An apparent mix-up at a warehouse in Rotterdam led to JPMorgan Chase buying what it thought was $1.3 million worth of nickel but turned out to be bags of stones.
China, Russia in 'unequal' relationship right now: Doug Collins
Former Georgia Congressman Doug Collins discusses the impact of China's Xi Jinping visit with Vladimir Putin in Russia.
Macron’s government faces vote of no confidence after pushing up retirement age
France's prime minster faces a vote of no-confidence after she pushed through unpopular changes to the federal pension program in a move backed by President Emanuel Macron.
UBS offers to buy embattled Credit Suisse for $1 billion: report
Swiss banking giant UBS offered to buy rival Credit Suisse for $1 billion as Swiss authorities push for a deal in a bid to help restore faith in the banking system.
Riots erupt in France over retirement age increase
Hundreds of pension reform rioters were arrested in Paris and other French cities on Friday as demonstrators continued to oppose raising the retirement age from 62 to 64.
Stuart Varney: Biden's 'appease from weakness' policy devitalizes the US reputation
FOX Business' Stuart Varney discusses the impact of Biden's policies on foreign relations and the fallout from the Afghanistan withdrawal
Stuart Varney: Biden's 'appease from weakness' policy devitalizes US reputation
FOX Business host Stuart Varney argues America's 'standing in the world has never recovered' following the Afghanistan withdrawal.
UK bans TikTok on government phones on security grounds
Following similar action from the U.S. and the European Union, U.K. authorities said Thursday that they are banning the popular app TikTok from government devices on security grounds.
ECB backs rate hike despite banking sector chaos
The European Central Bank announced another big spike in interest rates as the global banking sector reels from SVB, Credit Suisse and potential bank collapses.
Capital and liquidity levels of banking system 'very healthy' despite 'outliers': Gerard Cassidy
RBC Capital Markets managing director Gerard Cassidy assesses the banking system following the collapse of Silicon Valley Bank, the impact on Credit Suisse, the Federal Reserve meeting and rate hikes.
Toggle co-founder Jan Szilagyi on the state of the banking sector
Toggle co-founder and CEO Jan Szilagyi discusses the banking sector following the collapse of Silicon Valley Bank, the impact of raising rates and the Federal Reserve's reaction.