March 19 (Reuters) – Talks to rescue Credit Suisse (CSGN.S) continued on Sunday as UBS AG (UBSG.S) demanded $6 billion from the Swiss government to cover costs if it were to buy his struggling rival, a person with knowledge of the talks said. Authorities are scrambling to resolve a crisis of confidence in the 167-year-old … Read more
March 18 (Reuters) – BlackRock Inc (BLK.N) Vice Chairman Philipp Hildebrand takes part in talks as Swiss officials try to hammer out a deal for UBS Group (UBSG.S) to take over Credit Suisse Group AG (CSGN.S), Bloomberg News reported on Saturday, citing unidentified sources. Asked about the report, BlackRock spokesman Ryan O’Keeffe said in a … Read more
NEW YORK, March 17 (Reuters) – Misguided U.S. stocks have gained an unexpected ally in recent days: a historic plunge in bond yields. Yields on US government bonds fell sharply this week, with some durations marking their biggest declines in decades, as investors bet the Federal Reserve would likely rein in its aggressive rate hike … Read more
WASHINGTON, March 16 (Reuters) – The U.S. banking system remains strong and Americans can be confident their deposits will be there when needed, Treasury Secretary Janet Yellen said on Thursday, although she denied that recent moves emergency following two major bank failures meant that a general government guarantee now existed for all deposits. In his … Read more
March 16 (Reuters) – Credit Suisse (CSGN.S) said on Thursday it would borrow up to $54 billion from the Swiss central bank to bolster liquidity and investor confidence, after a slump in its equities has intensified fears of a global banking crisis. The bank’s announcement, which came in the middle of the night in Zurich, … Read more
March 14 (Reuters) – Shares of U.S. banks jumped on Tuesday, recovering some ground after the failures of Silicon Valley Bank and Signature Bank triggered strong selling from investors already worried about the impact on lenders from rising interest rates. Concerns about possible contagion had also sent bank stocks in Asia and Europe tumbling as … Read more
March 5 (Reuters) – Harris Associates, one of Credit Suisse’s oldest shareholders CSGN.S, has sold its entire stake in the Swiss bank after losing patience with its strategy to end losses persistence and customer exodus, reported the Financial Times. on Sunday. Harris, who had remained loyal despite a series of scandals at Credit Suisse, revealed … Read more
SHANGHAI, March 5 (Reuters) – Billionaire investor Mark Mobius has told FOX Business he cannot withdraw his money from China due to the country’s capital controls, warning investors to be “very, very careful “when they invest in an economy that is tightly controlled by the government. . “I have an account at HSBC in Shanghai. … Read more
SYDNEY/BENGALURU, March 3 (Reuters) – Shares of Adani jumped on Friday after a $1.87 billion investment in the group by GQG Partners Inc eased concerns about the group’s ability to attract investors. financing, while the conglomerate organized other road shows to boost investor confidence. The US investment firm’s stake purchases marked the first major investment … Read more
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