Banking stocks drove European markets lower on Monday as global investors weighed the consequences of the collapse of Silicon Valley Bank (SVB). The US lender imploded last week and had its assets seized after a bank run caused its stock to plummet.
The pan-European Stoxx 600 index dropped 2.56% at 13:00 GMT, with all major stocks trading in the red. Bank stocks slumped more than 6%, with Commerzbank, BAWAG Group, and Banco BPM among the biggest losers. Credit Suisse plunged 15% in early trading and UniCredit lost 9%, while Deutsche Bank and Raiffeisen Bank both declined by 7%.
The meltdown came despite the news that Britain’s HSBC, which is one of the world’s biggest banks and boasts $2.9 trillion in assets, has agreed to rescue the UK branch of SVB for a symbolic £1, vowing to protect client deposits as part of the deal. Following the announcement, HSBC saw its shares drop 3.5%.
“We’re seeing a liquidity withdrawal – the classic thing that you’d expect following a credit event like what’s happening at SVB. People get scared, reduce exposure to equities and move into government bonds,” Haig Bathgate, head of investments at Atomos, told Bloomberg.
https://www.rt.com/business/572907-us-banking-crisis-european-stocks/
US lawmakers in the House Oversight Committee have unveiled new pictures from disgraced financier Jeffrey Epstein’s estate, some featuring several of the most well-known figures in the world, including Donald Trump.
The House Oversight Democrats on Friday released 19 new pictures from Epstein’s estate, including pictures showing Trump, former president Bill Clinton, and Microsoft co-founder Bill Gates.
“Oversight Dems received 95,000 new photos from Jeffrey Epstein's estate,” the Democrats wrote on X, formerly Twitter.
“These disturbing images raise even more questions about Epstein and his relationships with some of the most powerful men in the world,” the lawmakers said.
The development came after release of an initial number of images and videos of the island estate.
Epstein, a notorious sex offender, who died in prison, would traffick underage girls to .....more below
https://www.presstv.ir/Detail/2025/12/12/760519/Trump-Epstein-Files-Ties
Venezuelan President Nicolas Maduro has denounced the United States for using allegations of drug trafficking as a pretext to seize his country’s natural resources, particularly oil.
The Venezuelan chief executive’s Friday remarks came days after US President Donald Trump announced seizure of a Venezuelan oil tanker.
Speaking at the White House on Thursday, Trump had said, “We’ve just seized a tanker on the coast of Venezuela, large tanker, very large, largest one ever, actually, and other things are happening.” “It's going to be starting on land pretty soon,” he had added without elaborating on the specifics of the operation.
In response, Maduro declared, “The mask has fallen,” asserting that the true motive behind US actions is Venezuela’s oil.
“The issue is not drug trafficking. It’s the oil they want to steal,” he said, adding that imperialist powers were after Venezuela’s crude, asphalt... more below
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Islamic Republic inflicted “heavy” and “extensive” damage on Israel during its US-backed aggression of June against Iran.
Speaking on Monday, Iranian Deputy Foreign Minister for Legal and International Affairs, Kazem Gharibabadi, said in the course of the aggression, Iran dealt a “severe blow” to Israel, which had remained arrogant since the wars in the 1960s, particularly the Six-Day War and subsequent conflicts with Arabs.
“During the war, we inflicted very heavy losses upon the Zionist regime, only a portion of which was made public. Israel itself prevented the full disclosure of the extent of damage caused by Iran’s missile attacks.”
“The reports and images we received from various satellites, together with information obtained from multiple sources in the Israeli-occupied territories, all indicated that the damage sustained [by the regime] was absolutely extensive.”
He said Iranian missiles penetrated through the host of defense systems deployed by several ...
