SINGAPORE () -Asian financial stocks dropped on Friday, with the worst declines in Japan, following a rout in U. regional banking shares on worries about mounting risks and credit quality.

Regional bank stocks lost ground after a pair of banks disclosed issues with bad and fraudulent loans, while data storage stocks gained in the wake of price-target hikes from analysts.

Oracle stock reversed Thursday's gains as investors weighted its aggressive revenue and gross margin forecasts.

Regions Financial Q3 shows stable net interest income, strong dividend, and buybacks. Get insights on RF stock's outlook and valuation.

If any investor has stood the test of time, it’s Warren Buffett, and with good reason. For 60 years, the “Oracle of Omaha” has had a rock star-like presence in the investing world, and his annual Berkshire Hathaway shareholders meeting draws thousands of loyal investor fans.

Jefferies Financial, whose stock had dropped roughly 18% since late last month, lost another 9% Thursday, during a [selloff in regional banks](

German Finance Minister Lars Klingbeil and Bundesbank president Joachim Nagel both backed Chancellor Friedrich Merz's call for a European stock exchange to support European companies and growth.

He acknowledged the benefits of innovation, but flagged risks related to "the fragility of private money."The stablecoin ecosystem within the wider crypto space has boomed this year. A top central bank official has some concerns about a booming corner of the cryptocurrency market.

Sridhar Vembu sounded alarm saying that US stock market is in a "massive bubble" and drew parallels with the 2008-09 global financial crisis.