Switzerland Under Pressure To Intervene On Credit Suisse As Bank Rout Deepens
By Noele Illien, Francesco Canepa and Lucy Raitano (Reuters) – Switzerland is under pressure from at least one major government…
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Albertsons, Kroger Reiterate Store Divestiture Plan Ahead Of Merger
(Reuters) -Albertsons Companies Inc reiterated in a filing on Tuesday it would divest some stores owned by the company and…
U.S. Consumer Finance Watchdog Opens Inquiry Into Data Brokers
By Hannah Lang (Reuters) – The U.S. consumer finance watchdog launched an inquiry on Wednesday to examine companies that track…
U.S. Senate Democrats, Republicans To Battle Over Spending Amid Bank Collapse
By David Morgan WASHINGTON (Reuters) – The U.S. Senate Budget Committee begins debate on Wednesday over Democratic President Joe Biden’s…
JPMorgan Cranks Up Equities “underweight” After Market Rout
LONDON (Reuters) – JPMorgan’s strategists ratcheted up the investment bank’s “underweight” recommendation on equities on Wednesday and urged switching into…
US Retail Sales Fall In February; January Revised Higher
WASHINGTON (Reuters) – U.S. retail sales fell in February as purchases of motor vehicle purchases and other goods slumped, payback…
How SVB Financial Group Imploded In Two Days
(Reuters) -The swift downfall of SVB Financial Group, the biggest collapse of a bank since Washington Mutual in 2008, has…
ECB Likely To Stick To Big Rate Hike Despite Banking Turmoil
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -European Central Bank policymakers are leaning towards a half-percentage-point rate hike on…
Uneasy Calm Descends After SVB-triggered Turmoil
By Dhara Ranasinghe LONDON (Reuters) – An uneasy calm descended on world markets on Wednesday, with efforts by regulators and…
H&M Slips Out Of Fashion As First-quarter Sales Lag
STOCKHOLM (Reuters) -H&M, the world’s second-biggest fashion retailer, reported on Wednesday a smaller-than-expected increase in sales over the period December…