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contagion risks

‘Ominous twist’ as bank teeters on the brink

Shares in major investment bank Credit Suisse plunged by 26 per cent last night as the financial institution teetered on the brink.Trading in Credit Suisse - the world’s seventh largest investment bank - was suspended several times as stock…

’Perfect storm’: Next bank to fall predicted

Renowned finance expert Robert Kiyosaki, best known for his successful prediction of the 2008 Lehman Brothers’ collapse that sparked the global financial crisis, has once again made waves with his latest forecast.Speaking on Cavuto: Coast…

How $32 billion crypto disaster unfolded

Crypto exchange FTX allegedly lent billions of dollars in customers’ money to a sister company to fund risky bets prior to its implosion.FTX, which had been rumoured to be having liquidity issues, went into meltdown this week after being…