Category Archives:
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
Teen injured in Saturday night shooting
PEORIA, Ill. – A teenager was injured after Peoria Police say he was shot at Saturday night. Police officials released details of the incident more than twelve hours after they say a ShotSpotter...
Mar 19, 2023
UBS to take over Credit Suisse, assume up to 5 billion Swiss francs in losses
BERN (Reuters) - UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun...
Mar 19, 2023
Buffett’s Berkshire Hathaway speeds up stock buybacks
By Jonathan Stempel (Reuters) - Warren Buffett's Berkshire Hathaway Inc has stepped up its pace of stock buybacks, repurchasing more than $1.8 billion of its own stock this year. In its proxy filing o...
Mar 19, 2023
FDIC to relaunch sale of SVB, moves toward break-up plan -sources
By David French (Reuters) - The U.S. Federal Deposit Insurance Corp (FDIC) is planning to relaunch the sale process for Silicon Valley Bank after failing to attract buyers in its latest auction, with ...
Mar 19, 2023
Portugal’s Delta Cafes founder Rui Nabeiro dies at 91
LISBON (Reuters) - Rui Nabeiro, the founder of Portugal's largest roasted coffee retailer Delta Cafes and one of the country's top entrepreneurs, has died at the age of 91, the company said on Sunday....
Mar 19, 2023
Iraq, OPEC stress need to coordinate to stabilise prices
CAIRO (Reuters) - Iraq's Prime Minister Mohammed Shia al-Sudani and OPEC Secretary General Haitham Al Ghais stressed the need to coordinate among oil-exporting nations to ensure prices do not fluctuat...
Mar 19, 2023
UBS agrees to buy Credit Suisse for more than $2 billion – FT
(Reuters) -UBS has agreed to buy Credit Suisse after increasing its offer to more than $2 billion, the Financial Times reported on Sunday. UBS will pay more than 0.50 francs ($0.5401) a share in its o...
Mar 19, 2023
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 United States was going to expedite overall credit tightening and slow the U....
Mar 19, 2023
U.S. lawmakers to examine hike in FDIC bank deposit insurance cap
By David Lawder WASHINGTON (Reuters) - Three prominent U.S. lawmakers on banking matters said on Sunday that they would consider whether a higher federal insurance limit on bank deposits was needed to...
Mar 19, 2023
Peoria, IL, USA
42 °F Sunny
