China Reins in Banks, Crypto $2 Trillion, Credit Suisse Axe – What’s up in Markets By Investing.com – Investing.com

SourceInvesting.com
SectorFinancial Services
CountryGulf

© Reuters By Geoffrey Smith  Investing.com -- Chinese stock markets fall as the central bank reportedly tells banks to lend less. The cryptocurrency universe is now worth $2 trillion, thanks to a surge in and . U.S. stock markets are set to consolidate after Monday's reopening trades pushed them to all-time high closes.

Credit Suisse (SIX:) fires senior managers after the Greensill and Archegos disasters, and oil prices rebound after a surprisingly large increase in output announced by OPEC and its allies. Here's what you need to know in financial markets on Monday, April 6th. 1. China reins in bank lending China’s central bank asked the country’s biggest commercial banks to rein in their lending after a surge in credit in the first two months of the year, according to Bloomberg sources.  The request is the latest attempt by Beijing to restrain borrowing, which surged last year as local authorities scrambled to support growth during the first wave of the pandemic. The ...read more...