March 19, 2023
China Keeps Lending Benchmarks Unchanged In March, As Expected
SHANGHAI (Reuters) – China kept its benchmark lending rates unchanged for the seventh straight month in March, as expected, after…
UBS To Take Over Credit Suisse, Central Banks Act On Liquidity
LONDON/NEW YORK (Reuters) – UBS sealed a deal to buy rival Swiss bank Credit Suisse in an effort to avoid…
Oil Edges Up On Historic Swiss Banks Deal, Central Banks Support
By Florence Tan SINGAPORE (Reuters) – Oil prices rose on Monday after suffering their biggest weekly loss in months as…
Stock Futures Nudge Higher On Credit Suisse Buyout
By Tom Westbrook SINGAPORE (Reuters) – U.S. stock futures rose in Asian trade on Monday in relief at a weekend…
Credit Suisse Says $17 Billion Of Its Debt Now Worthless, Angering Bondholders
By Pablo Mayo Cerqueiro, Chiara Elisei and Davide Barbuscia LONDON/NEW YORK (Reuters) – Credit Suisse said 16 billion Swiss francs…
World Markets Set For Relief After UBS Rescues Credit Suisse
By Dhara Ranasinghe and Amanda Cooper LONDON (Reuters) – Financial markets are poised for relief on Monday after UBS Group…
Credit Suisse Writes Down $17 Billion Of Bonds To Zero, Angering Holders
By Pablo Mayo Cerqueiro and Chiara Elisei LONDON (Reuters) – Credit Suisse has written down its Additional Tier 1 bonds…
UBS To Take Over Credit Suisse To Stem Global Crisis Of Confidence
BERN (Reuters) -UBS will take over Credit Suisse, Swiss authorities said on Sunday, in a deal to combine Switzerland’s top…
UBS Close To Finalizing Deal For Credit Suisse -source
By Stefania Spezzati, Oliver Hirt and John O’Donnell (Reuters) – UBS is close to finalizing a deal to buy rival…
Former Goldman Sachs CEO Blankfein Says US Banking Crisis Will Slow Growth
By Kanishka Singh WASHINGTON (Reuters) – Former Goldman Sachs CEO Lloyd Blankfein said on Sunday the banking crisis in the…
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