By Alun John, Sumeet Chatterjee and Lawrence White HONG KONG / LONDON (Reuters) – Shares of HSBC in Hong Kong and those of Standard Chartered in London fell to their lowest level since at least 1998 on Monday after media reported that they and other banks, including Barclays and Deutsche …
Read More »Bank stocks tumble as FinCEN leak names Indian banks for suspicious transactions
Shares of IndusInd Bank, Bandhan Bank and State Bank of India fell like a deck of cards after leaks from the Financial Crimes Enforcement Network (FinCEN) indicated that almost all Indian banks could be part of the suspicious transactions. Between 2010 and 2017, several Indian banks regardless of ownership (public, …
Read More »Geopolitical Tension, Profit Reserve: 5 Reasons Markets Corrected Today
After an initial blowout Monday morning that pushed the S&P BSE Sensex to the day high of 40,010.17, markets lost ground as the trade progressed. The S&P BSE Sensex lost more than 1,200 points in intraday trading to hit a low of 38,714.43 as trading progressed. Around 2:45 p.m., the …
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