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 14 (Reuters) – Charles Schwab (SCHW.N) has ample cash, the chief executive of the bank and brokerage firm said on Tuesday, to allay concerns about a “doomsday scenario” that has weighed heavily on bank stocks after the bankruptcy of two US lenders since Friday. “We haven’t raised any capital and we’re not … Read more
MAPUTO, March 11 (Reuters) – Cyclone Freddy hit Mozambique on Saturday, killing one person, ripping roofs off homes and triggering lockdown in a port town, a resident and local media said, two weeks after the death of 27 people when the storm first made landfall. . Freddy, one of the strongest storms on record in … Read more
BEIJING, March 10 (Reuters) – Xi Jinping secured an unprecedented third term as China’s president on Friday in a parliamentary session in which he tightened his grip on the world’s second-largest economy as it emerges from a COVID crisis and diplomatic challenges mount. Nearly 3,000 members of China’s parliament, the National People’s Congress (NPC), voted … Read more
The SEC has raised questions about the bank’s past financial statements SEC questions relate to consolidated cash flow statements, related controls Bank says 2022 financial results ‘have no impact’ Analyst describes bank as ‘major construction site’ ZURICH, March 9 (Reuters) – Credit Suisse has postponed publication of its annual report after a last-minute call from … Read more
Four bankers deny charges as trial opens in Zurich Sergey Roldugin is a close friend of Putin’s prosecutors Roldugin has been under Western sanctions since 2022 ZURICH, March 8 (Reuters) – A concert cellist linked to Russian President Vladimir Putin transferred millions of francs into Swiss bank accounts without any oversight, Swiss prosecutors said on … Read more
NEW YORK, March 7 (Reuters) – Bank of America Corp (BAC.N) CEO Brian Moynihan sent a clear message to shareholders on Tuesday: “We are capitalists.” The proclamation from the head of the second-largest US lender may seem obvious, but comes at a time when the titans of Wall Street are facing growing criticism for embracing … 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
WASHINGTON, March 2 (Reuters) – U.S. Senator Bernie Sanders on Thursday declined to back down calls to call Starbucks Corp (SBUX.O) acting chief executive Howard Schultz, who is stepping down this month, to testify at a a hearing on compliance with labor law. Starbucks reiterated Thursday that it has no plans to send Schultz to … Read more
WASHINGTON, Feb 28 (Reuters) – The Biden administration said on Tuesday it would ask companies that get funding from its $52 billion U.S. semiconductor manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare. The Commerce Department on Tuesday released plans to begin accepting applications in late June … Read more
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