
European Stocks Slip as Higher-for-Longer Woes Hit Risk Appetite
European stocks posted their worst weekly performance in a month as risk sentiment took a hit on worries that interest rates will remain high for longer than previously expected.
European stocks posted their worst weekly performance in a month as risk sentiment took a hit on worries that interest rates will remain high for longer than previously expected.
Former Goldman Sachs Group Inc. President Gary Cohn said the Federal Reserve needs to “take a deep breath” after rate hikes meant to fight inflation hurt the banking sector.
(Bloomberg) -- Antoine Martin, an official at the New York Federal Reserve, will become the Swiss National Bank’s newest interest-rate setter next year.
Goldman Sachs Group Inc. agreed to pay a $6 million fine on Friday for sending inaccurate or incomplete trading data to the Securities and Exchange Commission covering at least 163 million transactions over a decade.
China Evergrande Group canceled key creditor meetings that had been set for early next week and said it must reassess its proposed restructuring, adding further uncertainty to what would be one of the nation’s biggest ever restructurings.
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