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Your email address will not be published.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

Apple to use 100% recycled cobalt in batteries

Apple said that it would use 100 percent recycled cobalt in all…

Pakistani rupee makes recovery

The Pakistani rupee recovered on Monday, closing at 204.56 against the US…

Attack on Israel boosts appeal of gold

The violence in Israel that erupted this weekend is prompting a move…

Pakistan’s Exports to UK Increase in First Two Months of Fiscal Year

LONDON, Oct 15 (APP): Pakistan total merchandise exports to UK during the…