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…
March 2023
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…