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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 rescue deal for Credit Suisse, though the mood was nervous and financial shares remained ...
Mar 19, 2023
UBS’s Credit Suisse deal was the best solution says Swiss gov’t
(Reuters) - Swiss Finance Minister Karin Keller-Sutter was determined to present the deal for UBS to buy Credit Suisse as no bailout but the best possible solution to a difficult situation. Keller-Sut...
Mar 19, 2023
World markets set for relief after Credit Suisse buyout, central banks action
By Dhara Ranasinghe, Amanda Cooper and Davide Barbuscia LONDON (Reuters) - Financial markets were poised for relief on Monday after UBS Group AG agreed to buy Credit Suisse Group AG in a rescue orches...
Mar 19, 2023
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 to zero as part of its takeover by UBS, angering some bondholders who thought th...
Mar 19, 2023
LatAm growth threatened if financial turbulence spreads -IDB chief economist
By Milagro Vallecillos PANAMA CITY (Reuters) - Latin America could see zero economic growth this year if the banking crisis in the U.S. and Europe "spreads across the world," Inter-American Developmen...
Mar 19, 2023
Bitcoin rises 5.19% to $28,380
(Reuters) - Bitcoin rose 5.19% to $28,380 at 20:01 GMT on Sunday, adding $1,400 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 72% from the year's low of $16,...
Mar 19, 2023
Bank of England welcomes Credit Suisse deal, says UK banks are safe
LONDON (Reuters) - The Bank of England welcomed moves by the Swiss authorities to broker a take-over by UBS of Credit Suisse on Sunday, indicating it would support approval of the deal, and it said th...
Mar 19, 2023
ECB ready to help banks even as it hopes for calm after Swiss deal
FRANKFURT (Reuters) - The European Central Bank hopes the Swiss-brokered rescue of Credit Suisse will restore calm in financial markets but it remains ready to support euro zone banks with loans if ne...
Mar 19, 2023
UBS chairman wants to keep Credit Suisse’s Swiss unit
ZURICH (Reuters) - UBS Chairman Colm Kelleher said the bank wants to keep Credit Suisse's Swiss unit, speaking at a news conference announcing the merger between Switzerland's two biggest banks on Sun...
Mar 19, 2023
UBS to take over Credit Suisse to stem global crisis of confidence
LONDON (Reuters) - UBS sealed a deal to buy rival Swiss bank Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss authorities said on Sunday. The Swiss central b...
Mar 19, 2023
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