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.
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President Xi Jinping flew into Moscow 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.
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A look at the day ahead in markets from Mike Dolan
- BusinessRussian court freezes Volkswagen assets in Russia
A Russian court froze all Volkswagen assets in Russia, in the latest obstacle to the German carmaker's year-long efforts to wind down its Russian operations.