Stocks markets have tumbled again as fears of a banking crisis resurfaced despite massive financial lifelines thrown at embattled lenders to prevent contagion across the sector. Markets had rallied on Thursday after Wall Street titans including JP Morgan, Bank of America and Citigroup pledged to inject $30 billion into First Republic Bank.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Thar is solution to Pakistan’s energy crisis: Murad Ali Shah

Karachi: It is reported on Thursday, Sindh’s Chief Minister Murad Ali Shah…

Gold price rise in Pakistan after two-day decline

The price of gold rose in Pakistan Wednesday after declining by Rs.…

Centre can’t fix the sugar prices: LHC

The Lahore High Court on Thursday ruled that the federal govt didn’t…

Europe to curb gas usage as Russia squeezes supply

Brussels: On July 26, European Union countries approved a weakened emergency plan…