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SHANGHAI, June 3- A major China stock index slipped on Wednesday, after two sessions of strong gains, as a dozen new share offerings hit a market already pulled down by big banks on signs their margins could be hurt by accelerated interest rate liberalization. Shares of top banks sagged, after China launched certificates of deposit, paving the way for full interest...
SHANGHAI, June 3- China stocks fell on Wednesday morning as a dozen initial public offerings hit a market already pulled down by bank heavyweights on signs of accelerated interest rate liberalisation that threatens their margins. Banking shares sagged, after China launched certificates of deposit, paving the way for full interest rate liberalisation.
The Supreme Court ruled that the victims of former Texas tycoon R. Allen Stanford's massive Ponzi scheme can go forward with class-action lawsuits.
Portugal's top bankers have called on Europe's leaders to stop "playing with fire" and moderate their stance towards the euro zone periphery, or risk instilling alarm among bank depositors in future, the FT reports.