Banking stocks and bonds plummeted on Monday as the hit to investors from UBS Group's state-backed takeover of Credit Suisse fanned concerns about the health of the global banking sector.
- WorldChina's Xi arrives in Russia to meet Putin over Ukraine war
Chinese President Xi Jinping flew into Moscow on Monday where he was expected to press Beijing's role as a potential peacemaker in the Ukraine conflict while Russian President Vladimir Putin hoped for support against Western pressure.
- MarketsMorning Bid: Fed halt being priced as bank blaze smoulders
A look at the day ahead in U.S. and global markets from Mike Dolan
- BusinessRussian court freezes Volkswagen assets in Russia
A Russian court on Monday froze all Volkswagen assets in Russia, in the latest obstacle to the German carmaker's year-long efforts to wind down its Russian operations.