↘️ Netflix (NFLX): The streaming company added 1.75 million subscribers in the first quarter, a far slower pace of growth than it was accustomed to before
Bitcoin and other cryptocurrencies declined in European trading.
Bitcoin fell below $30,000, trading down 3.6% from late Tuesday at $29,290, according to CoinDesk.
Ether was down over 5% at about $1,978.
It is unclear what prompted the falls
Bank shares in Europe are falling as earnings season kicks off on there, with results from national banking champions UBS (UBSG) and Santander (SAN) showing some weakness.
UBS [gained new cu
UniCredit poted its highest profit in over a decade with shares up 42% so far this year despite the March turmoil, compared with a 9% rise in the Stoxx Europe 600 Banks Index
Deutsche Bank said its business held up well during March’s banking turmoil, with first-quarter profit rising 8% as it continued to benefit from rising interest rates.
Deutsche Bank said it agreed to buy U.K. brokerage and advisory firm Numis for roughly $500 million, the German lender’s first acquisition of size in years.
Numis, a midsized financial firm based in London, serves companies with advice on corporate f
S&P Global Ratings downgraded Stockholm-based SBB on Monday to junk status, increasing the challenges of one of Europe’s most indebted developers.
Shares of SBB fell more than 15% Mond
Germany’s Commerzbank closed the earnings season for major European banks Tuesday with a reminder for investors: gains from higher interest rates [may be peaking](https://www.wsj/livecoverage/stock-market-today-dow-jones-04-25-2023/card/european-bank-stocks-fall-after-santander-ubs-earnings-p50N
The recent bank failures had more to do with poor risk management and governance that supervisors should have addressed than rising interest rates, according to the leader of a major global central-bank organization.
“The main cause of [recent bank crises](https://www.wsj/articles/signature-ban