Global shares wobbled after reports that two US regional banks disclosed losses tied to deteriorating loans, including references to alleged fraud, sparking fresh concerns about credit quality. The nerves centered on banks’ exposure to private credit and commercial borrowers, prompting investors to pull back from financial stocks. Still, the week ended on a hopeful note in the US as bank shares steadied and Wall Street finished its best week in two months. Market unease had been building for weeks before the headlines rippled across global bourses.
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Global stocks slip as US bank loan worries spread
Global shares wobbled after reports that two US regional banks disclosed losses tied to deteriorating loans, including references to alleged fraud,...
