Category Archives:
Credit Suisse is sued by US shareholders over finances, controls
(Reuters) - Credit Suisse Group AG was sued on Thursday by shareholders in the United States who accused the Swiss bank of concealing problems with its finances. The lawsuit in the federal court in Ca...
Mar 16, 2023
Nigeria tops list of countries withholding airline funds, IATA says
LAGOS (Reuters) - Nigeria is withholding $743 million in revenue earned by international carriers operating in the country, the highest amount owed by any nation, a spokesperson for the global airline...
Mar 16, 2023
Fed likely to raise rates by 25 bps, with eyes on banks -PIMCO’s CIO
By Davide Barbuscia NEW YORK (Reuters) - The U.S. Federal Reserve will likely raise rates by 25 basis points at its next rate-setting meeting next week, although further signs of financial sector inst...
Mar 16, 2023
Canada should support startups after SVB collapse, says lobby group
TORONTO (Reuters) - A lobby group for Canada's venture capital and private equity funds is asking Prime Minister Justin Trudeau's government to provide emergency financing to help startups hit by the ...
Mar 16, 2023
Germany’s Scholz sees no threat of new financial crisis – Handelsblatt
FRANKFURT (Reuters) - German Chancellor Olaf Scholz sought to assuage fears that the collapse of Silicon Valley Bank and problems at Credit Suisse might trigger a new financial crisis, saying a more r...
Mar 16, 2023
Robotics competition to take place at Bradley this weekend
PEORIA, Ill. – Warriors made of steel and wires will battle at Bradley University’s Renaissance Coliseum this weekend. The university is hosting the FIRST Robotics Central Illinois Regiona...
Mar 16, 2023
Exclusive-California bank PacWest Corp in talks to get liquidity boost -sources
By Anirban Sen and David French NEW YORK (Reuters) -PacWest Corp is in talks about a liquidity boost with Atlas SP Partners and other investment firms, people familiar with the matter said on Thursday...
Mar 16, 2023
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 central bank does not trigger a "viability event," according to documents seen by Reut...
Mar 16, 2023
Telenor declines to comment on CK Hutchison report
OSLO (Reuters) - Oslo-listed Telenor on Thursday declined to comment on a report saying the operator was in talks with CK Hutchison relating to its businesses in Sweden and Denmark. "We do not comment...
Mar 16, 2023
Banking rout fuels U.S. oil hedging, as investors seek to limit losses
By Stephanie Kelly and Arathy Somasekhar NEW YORK (Reuters) - Oil producers, banks and hedge funds have increased purchases of put options to protect themselves from further losses, market sources sai...
Mar 16, 2023
Peoria, IL, USA
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