Category Archives:
German producer prices rise more than expected in February
BERLIN (Reuters) - German producer prices rose more than expected in February, though the rate of increase eased for the fifth month in a row, signalling that inflation in Europe's largest economy cou...
Mar 20, 2023
Investors dump Credit Suisse stock and bonds after UBS rescue
LONDON/ZURICH (Reuters) -Investors dumped Credit Suisse shares and bonds on Monday after rival UBS agreed at the weekend to take over the 167-year old bank for just a fraction of its market value, wit...
Mar 20, 2023
US funding stress metric hits three-month high as crisis rattles regional banks
LONDON (Reuters) - A market-based indicator of stress in the U.S. banking system jumped on Monday to its highest in three months, as turmoil engulfed regional lenders following the collapse of Silicon...
Mar 20, 2023
UBS CEO says bank can handle risks of Credit Suisse takeover
ZURICH (Reuters) - UBS can handle the risks from taking over Swiss rival bank Credit Suisse, UBS Chief Executive Ralph Hamers told broadcaster SRF. In a package orchestrated by Swiss regulators on Sun...
Mar 20, 2023
Bitcoin near 9-month high as bank turmoil sparks rally
By Georgina Lee HONG KONG (Reuters) - Bitcoin hovered near nine-month highs on Monday, and has closed out its best week in four years as turmoil in traditional banking drives some investors to turn to...
Mar 20, 2023
Asia policymakers move to calm nerves after Credit Suisse takeover
By Scott Murdoch SYDNEY (Reuters) - Asian policymakers on Monday moved to calm investor nerves after announcements of a historic Swiss-backed takeover of troubled Credit Suisse and a coordinated move ...
Mar 20, 2023
Switzerland wakes to new era after historic bank merger; employees “shocked”
ZURICH (Reuters) - Switzerland awoke on Monday to a new era after UBS agreed to take over the ailing Credit Suisse, with a bank employee association saying it was "deeply shocked". The Swiss Bank Empl...
Mar 20, 2023
Succession 101: Money lessons from TV’s dysfunctional empire
By Chris Taylor NEW YORK (Reuters) - There are a lot of guilty pleasures out there, but here is one common to plenty of movers and shakers on Wall Street: Watching "Succession." The fourth season of t...
Mar 20, 2023
Marketmind: Investors adopt the brace position as banks topple
A look at the day ahead in European and global markets from Wayne Cole During the last big banking crises, an analyst was asked by a TV anchor what position he would recommend for investors? "Fetal" w...
Mar 20, 2023
S.Africa to call it a wrap on current hikes with last 25 bps on March 30- Reuters poll
By Vuyani Ndaba JOHANNESBURG (Reuters) - South Africa's Reserve Bank will raise interest rates for the last time in this cycle by 25 basis points on March 30, in anticipation of slower inflation and a...
Mar 20, 2023
Peoria, IL, USA
66 °F Sunny
