Amgen To Cut 450 Jobs In Second Round Of Layoffs This Year
(Reuters) – Amgen Inc said on Thursday it would cut 450 jobs, or less than 2% of its workforce, making…
2023
FedEx Raises Full-year Earnings Forecast After Cost Cuts, Shares Soar
By Lisa Baertlein and Kannaki Deka (Reuters) -FedEx Corp on Thursday raised its fiscal 2023 profit forecast despite weak market…
Panama Sees Limited Risk From US, European Bank Problems
PANAMA CITY (Reuters) – Panama’s risk of contagion from banking woes in the United States and Europe is “very limited”,…
China Opposes U.S. Adding Chinese Firms To Trade Blacklist
(This March 3 story has been corrected to say that only one unit of BGI Genomics was added to the…
Banks Sought Record Fed Liquidity In Wake Of SVB Collapse
By Michael S. Derby NEW YORK (Reuters) – Banks sought record amounts of emergency liquidity from the Federal Reserve over…
First Republic Bank Gets $30 Billion In Deposits From Big Banks
(Reuters) -First Republic Bank has received $30 billion in deposits from several big banks, the banks said in a statement…
Exclusive-Credit Suisse Says LCR Was Unchanged Between March 8 And March 14, Despite Crisis
By Selena Li and Elisa Martinuzzi (Reuters) – Credit Suisse Group AG’s average liquidity coverage ratio, a measure of how…
Exclusive-Credit Suisse Tells Staff SNB Facility Does Not Trigger A ‘viability’ Event
By Selena Li (Reuters) – Credit Suisse Group AG told staff on Thursday that the emergency backstop from the Swiss…
After SVB Collapse, Rating Agencies Back Banks To Cope With Rate Pressures
By Lawrence White and Marc Jones LONDON (Reuters) – Banks should largely be able to cope with “unrealised losses” on…
Bridgewater, Millennium, and Marshall Wace in bearish bet on Europeans banks
By Nell Mackenzie and Pablo Mayo Cerqueiro LONDON (Reuters) -Investment managers Bridgewater Associates, Millennium Management and Marshall Wace added to…