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March 19, 2023

China Keeps Lending Benchmarks Unchanged In March, As Expected
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China Keeps Lending Benchmarks Unchanged In March, As Expected

The Cheap InvestorMarch 19, 20230

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
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UBS To Take Over Credit Suisse, Central Banks Act On Liquidity

The Cheap InvestorMarch 19, 20230

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
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Oil Edges Up On Historic Swiss Banks Deal, Central Banks Support

The Cheap InvestorMarch 19, 20230

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
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Stock Futures Nudge Higher On Credit Suisse Buyout

The Cheap InvestorMarch 19, 20230

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
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Credit Suisse Says $17 Billion Of Its Debt Now Worthless, Angering Bondholders

The Cheap InvestorMarch 19, 20230

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
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World Markets Set For Relief After UBS Rescues Credit Suisse

The Cheap InvestorMarch 19, 20230

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
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Credit Suisse Writes Down $17 Billion Of Bonds To Zero, Angering Holders

The Cheap InvestorMarch 19, 20230

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
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UBS To Take Over Credit Suisse To Stem Global Crisis Of Confidence

The Cheap InvestorMarch 19, 20230

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
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UBS Close To Finalizing Deal For Credit Suisse -source

The Cheap InvestorMarch 19, 20230

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
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Former Goldman Sachs CEO Blankfein Says US Banking Crisis Will Slow Growth

The Cheap InvestorMarch 19, 20230

By Kanishka Singh WASHINGTON (Reuters) – Former Goldman Sachs CEO Lloyd Blankfein said on Sunday the banking crisis in the…

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