Holders of $17bn of Credit Suisse bonds wiped out under UBS takeover
Holders of $17bn of Credit Suisse bonds will have their investment wiped out following the bank’s takeover by UBS, in a surprise […]
First Republic jumps 15%, leads comeback rally in regional banks Tuesday
People make their way near a First Republic Bank branch on March 16, 2023 in New York City. \ View Press | […]
Bank of England plan to revamp capital rules puts £44bn in SME lending at risk, study warns
Plans to revamp UK bank capital rules risk a 25 per cent cut in lending to small businesses, threatening jobs and economic […]
US money market funds: cash is king amid banking turmoil
Cash is no longer trash. Assets invested in US money market funds hit a record $5tn this month. Investors rattled by the […]
Longtime China investor Anatole to open ‘outpost’ in Singapore
Hong Kong-based asset manager Anatole is preparing to shift a key part of its business to Singapore, after telling investors it had […]
Stocks making the biggest moves premarket: First Republic, UBS, Enphase Energy
First Republic Bank headquarters is seen on March 16, 2023 in San Francisco, California. Tayfun Coskun | Anadolu Agency | Getty Images […]
JPMorgan advising First Republic on strategic alternatives, including a capital raise, sources say
JPMorgan Chase is advising embattled First Republic Bank on strategic alternatives, sources told CNBC’s David Faber. The alternatives may include a capital […]
Stocks making the biggest moves midday: First Republic, UBS, Virgin Orbit, Dell and more
A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. […]
UBS shares reverse losses, Credit Suisse craters 55% after takeover deal
The logos of Swiss banks Credit Suisse and UBS on March 16, 2023 in Zurich, Switzerland. Arnd Wiegmann | Getty Images News […]
Bitcoin market gains $26 billion after hitting 9-month high as banking crisis sparks rally
Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Industry insiders said the bank collapses have sent […]