Wall St gains with tech shares; regional banks fall:
reuters.com/markets/us/futures-rise-bank-fears-ebb-focus-shifts-key-inflation-data-2023-03-30/
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| Last Updated | Mar 30 23 |
| Total Articles | 18 |
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A Credit Crunch Is the Last Thing the Strained US Economy Needs: A pullback in bank lending, on top of the Fed’s rate hikes, could hasten a recession.
bloomberg.com/news/articles/2023-03-29/us-recession-fears-rise-over-banking-turmoil-rate-hikes
Dollar steady as banking crisis fears linger: The dollar was steady on Monday, while the yen hovered near its seven-week peak as investors assessed moves made by ...
reuters.com/markets/currencies/dollar-steady-banking-crisis-fears-keep-investors-jittery-2023-03-27/
Banking stress puts U.S. and Europe on watch for credit crunch: Stress in the banking sector is being closely monitored for its potential to trigger a credit ...
reuters.com/markets/us/feds-kashkari-banking-stress-brings-us-closer-recession-cbs-2023-03-26/
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A Credit Crunch Is the Last Thing the Strained US Economy Needs: A pullback in bank lending, on top of the Fed’s rate hikes, could hasten a recession.
bloomberg.com/news/articles/2023-03-29/us-recession-fears-rise-over-banking-turmoil-rate-hikes
Dollar steady as banking crisis fears linger: The dollar was steady on Monday, while the yen hovered near its seven-week peak as investors assessed moves made by ...
reuters.com/markets/currencies/dollar-steady-banking-crisis-fears-keep-investors-jittery-2023-03-27/
Banking stress puts U.S. and Europe on watch for credit crunch: Stress in the banking sector is being closely monitored for its potential to trigger a credit ...
reuters.com/markets/us/feds-kashkari-banking-stress-brings-us-closer-recession-cbs-2023-03-26/
Five Things You Need to Know to Start Your Day: Credit Suisse faces possible probe. Taiwan loses another ally. Expats abandon Shanghai ...
bloomberg.com/news/newsletters/2023-03-26/five-things-you-need-to-know-to-start-your-day
Fed’s Kashkari Says Bank Strains Bring Risk of Recession Closer: Federal Reserve Bank of Minneapolis President Neel Kashkari said recent bank turmoil has ...
bloomberg.com/news/articles/2023-03-26/fed-s-kashkari-says-bank-strains-bring-risk-of-recession-closer
Minneapolis Fed president said recent banking turmoil brings recession closer: Neel Kashkari made his first public comments since the recent bank failures on ...
startribune.com/minneapolis-fed-president-said-recent-banking-turmoil-brings-recession-closer/600262341/
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Banking stress puts US and Europe on watch for credit crunch: Authorities around the world are on high alert for the fallout from recent turmoil at banks
en.samakal.com/business/170818722/banking-stress-puts-us-and-europe-on-watch-for-credit-crunch
Fed's Kashkari says stress in banking sector brings the U.S. closer to recession: Recent banking turmoil could bring the U.S. closer to a recession ...
cnbc.com/2023/03/27/fed-kashkari-bank-stress-brings-us-closer-to-recession.html
Some losses still need to work through the banking sector, says Fed's Kashkari: Neel Kashkari, president of the Federal Reserve Bank of Minneapolis ...
marketwatch.com/story/some-losses-in-commercial-real-estate-and-treasurys-may-still-need-to-work-through-the-banking-sector-says-feds-kashkari-d78f89a6
Paid articlePaid Fed May Delay Rate Cuts Until After 2024, Neel Kashkari Says: The Federal Reserve needs to achieve more confidence that inflation is declining before cutting ...
bloomberg.com/news/articles/2024-04-18/kashkari-says-fed-could-potentially-hold-rates-steady-all-year
Altice Billionaire Patrick Drahi Recasts Finance’s Natural Order: The battle over Patrick Drahi's telco debt needs to re-establish the norm that creditors ...
bloomberg.com/opinion/articles/2024-04-23/altice-billionaire-patrick-drahi-recasts-finance-s-natural-order
New FTC Rule Bans ‘Noncompete’ Agreements for Most Employees: U.S. companies would no longer be able to bar employees from taking jobs with competitors under a ...
time.com/6970144/ftc-rule-bans-noncompete-agreements-for-most-employees/
Quick Glance: US implements ban on worker 'competition agreements' with business groups filing lawsuits
- The U.S. Federal Trade Commission has approved a framework to eliminate agreements often signed by employees to refrain from joining their employers' competitors or establishing rival businesses.
- The ban on noncompete agreements is projected to boost worker earnings by up to $488 billion over the next decade and facilitate the establishment of over 8,500 new businesses annually.
- Prominent business associations have criticized the framework and declared legal actions, contending that noncompete agreements assist companies in safeguarding trade secrets and advancing competitiveness.
- Unions have endorsed the FTC's vote in favor of the ban, hailing it as a significant triumph for workers that will enhance the national economy by fostering entrepreneurship.
UBS Annual General Meeting: Colm Kelleher defends Sergio Ermotti's salary: On Wednesday, UBS convened its first Annual General Meeting since the CS takeover ...
nzz.ch/wirtschaft/er-hat-den-schwierigsten-job-der-bankenwelt-ubs-praesident-colm-kelleher-verteidigt-ermottis-lohn-ld.1827762
Switzerland braced for wave of bank staff layoffs: The Swiss financial workforce engage in musical chairs as the Credit Suisse staff layoffs begin.
swissinfo.ch/eng/banking-fintech/credit-suisse-musical-chairs-set-to-create-winners-and-losers/75383012
Appaloosa Sues Credit Suisse Over $17 Billion AT1 Bond Wipeout: Hedge fund Appaloosa LP became the latest to sue over the $17 billion wipeout of high-risk bonds ...
bloomberg.com/news/articles/2024-04-24/appaloosa-sues-credit-suisse-over-17-billion-at1-bond-wipeout
Paid articlePaid Japan Nikkei 225 Falls Toward Technical Correction Led by Chips Stocks: Japanese stocks fell, with the Nikkei 225 Stock Average down over 3% and inching toward a ...
bloomberg.com/news/articles/2024-04-19/japan-s-nikkei-225-falls-more-than-3-led-lower-by-chip-stocks
Paid articlePaid Five waves of UBS layoffs to start in June, SonntagsZeitung says: Layoffs under Swiss banking giant UBS's cost-cutting programme announced after its takeover of ...
reuters.com/business/finance/five-waves-ubs-layoffs-start-june-sonntagszeitung-says-2024-04-21/
Is the boom in private credit losing steam?: Leading players look to partner with banks rather than be their adversaries
ft.com/content/bd3c91f2-ded2-45ed-bc6d-7db99fe42d39
UBS plans next round of layoffs in Credit Suisse integration, Bloomberg News reports
reuters.com/business/finance/ubs-plans-next-round-layoffs-credit-suisse-integration-bloomberg-news-reports-2024-04-17/
Quick Glance: UBS Plans Further Layoffs in Credit Suisse Integration
- UBS is planning another round of layoffs to reduce headcount following the rescue of Credit Suisse.
- The cuts are expected to affect over a hundred positions in the firm's global investment bank.
- Job losses are also anticipated in the Wealth Management and Markets units.
- These measures signify the latest round of cuts at the bank, aiming to save around $6 billion in staff costs in the upcoming years.
UBS gets backing for capital plan, Ermotti pay from Norway wealth fund: Norway's sovereign wealth fund has backed UBS' plan to make its Additional Tier 1 (AT1) ...
reuters.com/business/finance/ubs-gets-backing-capital-plan-ermotti-pay-norway-wealth-fund-2024-04-23/
2024 ‘crucial year’ for UBS-Credit Suisse merger: UBS executives give a progress update at the bank's annual general meeting.
swissinfo.ch/eng/banking-fintech/2024-crucial-year-for-ubs-credit-suisse-merger/76333320
Consumer Price Index Numbers Are High, No Rate Cut in Sight: Consumer price numbers are out, and inflation is very much still here. Plus: Robotaxis?
bloomberg.com/news/newsletters/2024-04-10/consumer-price-index-numbers-are-high-no-rate-cut-in-sight
Credit Suisse: Rohner and other managers can keep their bonuses: Disillusionment in the Federal Council: legal action is unlikely to be successful ...
tagesanzeiger.ch/credit-suisse-rohner-und-andere-manager-duerfen-boni-behalten-346954174150
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Switzerland says UBS may need more cash. The bank is fuming: A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as ...
cnn.com/2024/04/24/investing/ubs-switzerland-too-big-to-fail/
UBS flags 'serious' concern about new Swiss capital requirements: UBS executives on Wednesday told shareholders that the bank has major concerns about the Swiss ...
reuters.com/business/finance/ubs-says-seriously-concerned-about-new-capital-requirements-talk-2024-04-24/
Elevated inflation will likely delay interest rate cuts this year, warns Federal Reserve Chair Powell
pbs.org/newshour/politics/elevated-inflation-will-likely-delay-interest-rate-cuts-this-year-warns-federal-reserve-chair-powell
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Inflation remains hotter than expected, muddying path for Fed rate cuts: Policymakers are trying to answer whether their inflation fight is slowing ...
washingtonpost.com/business/2024/04/10/fed-inflation-cpi/
Morning Bid: Wall St eclipsed as June Fed cut in balance: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-08/
Credit Suisse: Now there are layoffs - in 5 waves: The merged major bank wants to massively reduce its workforce in five waves. Meanwhile ...
tagesanzeiger.ch/credit-suisse-jetzt-kommts-zu-entlassungen-in-5-wellen-311165240715
Minneapolis Fed president on inflation uptick and when to cut interest rates: Inflation came in higher than expected last month, raising concerns once again ...
pbs.org/newshour/show/minneapolis-fed-president-on-inflation-uptick-and-when-to-cut-interest-rates
Takeover of CS by UBS: US criticism is hypocritical: If CS were an American bank, it would have been wound up. That's what the head of the American deposit ...
nzz.ch/meinung/amerikas-belehrungen-zur-rettung-der-credit-suisse-sind-heuchlerisch-ld.1825960
Global watchdog welcomes reform proposals for Swiss banking: Swiss proposals to better regulate its banking system and make it safer were welcomed by the ...
reuters.com/business/finance/global-watchdog-welcomes-reform-proposals-swiss-banking-2024-04-11/
Blaise Goetschin: an interview with probably the most experienced bank boss: Blaise Goetschin has stepped down as head of the Cantonal Bank of Geneva after more ...
nzz.ch/wirtschaft/blaise-goetschin-der-erfahrenste-kantonalbank-chef-im-interview-ld.1823099
UBS on the brink of Switzerland's 'too big to fail' reckoning: Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how ...
reuters.com/business/finance/ubs-brink-switzerlands-too-big-fail-reckoning-2024-04-08/
Fed policymakers agree: there's no urgency to cut rates: Federal Reserve policymakers have coalesced around the idea of keeping borrowing costs where they are ...
reuters.com/markets/us/feds-williams-doesnt-see-urgent-need-cut-interest-rates-2024-04-18/
UBS weighs Credit Suisse China stake swap with Beijing government, Bloomberg News reports
reuters.com/markets/deals/ubs-weighs-credit-suisse-china-stake-swap-with-beijing-government-bloomberg-news-2024-04-09/
UBS on the brink of Switzerland's 'too big to fail' reckoning: Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how ...
reut.rs/49nfg0J
UBS and Credit Suisse: merger of branches in Basel: UBS is merging its branches with those of Credit Suisse. This affects five branches in the region ...
bazonline.ch/ubs-und-credit-suisse-fusion-von-filialen-in-basel-932127211932
Paid articlePaid UBS Faces Capital Hit as High as $25 Billion, Minister Says: UBS Group AG faces an increase in regulatory capital requirements that could reach $15 billion to ...
bloomberg.com/news/articles/2024-04-16/ubs-capital-needs-could-rise-by-25-billion-minister-tells-tagi
UBS JV to acquire Credit Suisse Japan wealth management business: UBS said on Monday its Japanese wealth management joint venture with SuMi TRUST Wealth ...
reuters.com/business/finance/ubs-jv-acquire-credit-suisse-japan-wealth-management-business-2024-04-08/
After the referendum: The poisoned Swiss pension gift: After the Swiss voted yes to a 13th month pension, a reform is needed that deserves the name ...
faz.net/aktuell/wirtschaft/die-schweiz-braucht-nach-volksabstimmung-eine-rentenreform-19641157.html
Too big to fail: The Federal Council presents 22 measures: The state government has announced a package of measures to strengthen regulation of large banks ...
nzz.ch/wirtschaft/der-bundesrat-zieht-die-lehren-aus-dem-fall-credit-suisse-mit-diesen-22-massnahmen-will-er-die-steuerzahler-vor-einer-ubs-krise-schuetzen-ld.1825679
Takeover of Credit Suisse by UBS: These 14 bank branches are closing in the canton of Zurich
tagesanzeiger.ch/uebernahme-der-credit-suisse-durch-ubs-diese-14-bankfilialen-schliessen-im-kanton-zuerich-100660080290
Paid articlePaid Swiss minister criticises big bank bonuses as UBS set for stricter rules: Switzerland's finance minister took aim at bonus excesses and inflated salaries at ...
reuters.com/business/finance/swiss-minister-criticises-big-bank-bonuses-ubs-set-stricter-rules-2024-04-10/
UBS to face tougher rules in Swiss response to Credit Suisse rescue: In 209 pages of recommendations on how to police banks deemed "too big to fail" ...
swissinfo.ch/eng/banking-fintech/ubs-to-face-tougher-rules-in-swiss-response-to-credit-suisse-rescue/75469949
S&P 500, Nasdaq Futures Dip While Bitcoin Surges: What's Going On? - Invesco QQQ Trust, Series 1 (NASDAQ:
benzinga.com/news/earnings/24/04/38139190/us-stocks-set-for-nervous-start-to-week-as-investors-eye-inflation-data-bitcoin-tops-72k-why-this-a
Morning Bid: Commodity prices irk inflation view: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-09/
2025 BMW M4 CS Launching in Riviera Blue and Frozen Isle of Man Green: The new 2025 BMW M4 CS will be available in four different colors: Riviera Blue ...
bmwblog.com/2024/04/16/2025-bmw-m4-cs-in-riviera-blue-and-frozen-isle-of-man-green/
'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants
cnbc.com/2024/04/11/lose-lose-situation-new-swiss-bank-laws-could-derail-ubs-challenge-to-wall-street-giants.html
How to tame UBS without making the bank toothless: Swiss government proposals to regulate Too Big to Fail banks meets sceptical response.
swissinfo.ch/eng/banking-fintech/how-to-tame-ubs-without-making-the-bank-toothless/75541822
Major Swiss banks: “The Credit Suisse case must not be repeated”: The Swiss government wants to tighten regulation and supervision of UBS. She also sets her ...
faz.net/aktuell/finanzen/finanzmarkt/schweizer-regierung-will-bankenregulierung-verschaerfen-19644800.html
Mortgage rates are rising again as inflation fears mount: The average rate on the 30-year fixed mortgage hit a 2024 high this week
qz.com/mortgage-rates-inflation-interest-federal-reserve-1851421885
BMW M3 CS Laps Nürburgring In 7:27: Onboard Video: Equipped with Michelin Pilot Sport Cup 2, the BMW M3 CS was driven by Sport Auto's Christian Gebhardt to ...
bmwblog.com/2024/04/11/bmw-m3-cs-laps-nurburgring-7-minutes-27-seconds/
UBS’s Fears in Switzerland Are Realized: The bank faces higher demands from its government after the Credit Suisse disaster, but it could have been worse.
bloomberg.com/opinion/articles/2024-04-11/ubs-s-fears-in-switzerland-are-realized
As US economy flexes muscles, Fed may cut rates later or not at all: Ever since the U.S. Federal Reserve (Fed) signaled last fall that it was likely done raising ...
dailysabah.com/business/economy/as-us-economy-flexes-muscles-fed-may-cut-rates-later-or-not-at-all
Quick Glance: Fed Rates: US Economy Strong, Rate Cuts Uncertain
- Following the Federal Reserve's decision to halt rate hikes, debates arise on the necessity of rate cuts.
- Strong economic performance and unexpected growth may challenge the Fed's planned rate reductions.
- Experts are divided on whether the US economy actually requires rate cuts as employment figures and production increase.
- High inflation and economic uncertainty spark discussions on the need for rate cuts.
Dissent at the Fed could be on its way back: An increasingly vocal hawkish bloc is wary of cutting rates in the near term.
axios.com/2024/04/09/fed-dissent-policymakers-rate-cut-plans
Credit Suisse Takes Case Against Bidzina Ivanishvili to Singapore Top Court: A unit of defunct lender Credit Suisse will seek to overturn an order to pay $743 ...
bloomberg.com/news/articles/2024-04-07/credit-suisse-case-against-bidzina-ivanishvili-to-singapore-top-court
Paid articlePaid Suisse Secrets: Federal Court approves legal assistance in the Seidel case: Eduard Seidel, who was convicted of bribery, had an inexplicably high fortune in his ...
nzz.ch/schweiz/deutsche-justiz-erhaelt-einblick-in-cs-konten-eines-frueheren-siemens-managers-ld.1827776
1' The game begins. Hop GC!
_____Credit Suisse Super League, 33rd round#sfcgcz 0:0*
Live ticker+radio: Show more
Deutsche Bank: The unknown consequences of the Postbank debacle: The errors in integrating Postbank not only cost Deutsche Bank millions, but also a lot of its ...
manager-magazin.de/unternehmen/banken/deutsche-bank-die-unbekannten-folgen-des-postbank-debakels-a-71066a4c-b690-498c-8856-99b1d52e7bbe
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UBS: To Play It Safe: UBS's capital plans and new business strategy show promise, but caution remains due to high valuation and Credit Suisse's cost integration ...
seekingalpha.com/article/4684866-ubs-to-play-it-safe
Paid articlePaid Mortgage rates are rising again as inflation fears mount: The average rate on the 30-year fixed mortgage hit a 2024 high this week
qz.com/mortgage-rates-inflation-interest-federal-reserve-1851421885
KEY DATA: SFC VS. GCZ: In the 33rd round of the Credit Suisse Super League there will be a meeting between GC Zurich and Servette FC ...
gcz.ch/news/artikel/1/eckdaten-sfc-vs-gcz-2/
You Can't Rely On Bank Regulators To Protect Your Cash: Investors need to watch decisions made by bank regulators carefully. Read more on the best course of ...
seekingalpha.com/article/4684445-you-cant-rely-on-bank-regulators-to-protect-your-cash
Paid articlePaid Morgan Stanley Hires Huang for China Asset Management: Morgan Stanley hired former Credit Suisse banker Min Huang to lead its China investment management ...
bloomberg.com/news/articles/2024-04-15/morgan-stanley-hires-huang-for-china-asset-management
Paid articlePaid BDT, Credit Suisse Alums’ Citation Capital Seeks $850 Million: Private equity firm Citation Capital is seeking to raise about $850 million for its debut fund ...
bloomberg.com/news/articles/2024-04-15/bdt-credit-suisse-alums-citation-capital-seeks-850-million
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Jefferies wants $4M break-up fee from banker who backed out of joining: A California appeals court will soon rule on whether Jefferies can demand a $4 million ...
businessinsider.com/jefferies-wall-street-bank-breakup-fee-offer-letter-contract-decker-2024-4
Bonds Are a Minefield. Where to Find 5% to 8% Yields Now.: After a tough start to the year, bonds should start to perk up. Where to find yields from 5% to 8%.
barrons.com/articles/bond-treasuries-income-yields-c42e0221
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MPs want Nakhumicha sacked over Linda Mama programme: Women Members of Parliament are now calling on President William Ruto to sack Health Cabinet Secretary ...
standardmedia.co.ke/health/health-science/article/2001493345/mps-want-nakhumicha-sacked-over-linda-mama-programme
1' Kick-off in Zurich. Hop GC!
_____Credit Suisse Super League, 32nd round#gczlug 0:0*
Live ticker+radio: Show more
Huh, aren't everyone in Zug rich?: If you deduct the fixed costs from Zugers' income, they are no longer in such a good position compared to the rest of ...
zentralplus.ch/geld-steuern/hae-sind-etwa-doch-nicht-alle-zuger-reich-2637546/
Credit Suisse: With these rules, the Federal Council wants to prevent the banking crisis
tagblatt.ch/schweiz/finanzplatz-fall-credit-suisse-darf-sich-nicht-wiederholen-bundesrat-will-neue-regeln-fuer-grossbanken-die-acht-wichtigsten-antworten-ld.2605188
Paid articlePaid UBS Faces Substantially Higher Capital Rules Under Swiss Reforms: UBS Group AG faces a “substantial” increase in regulatory capital requirements under reforms ...
bloomberg.com/news/articles/2024-04-10/ubs-faces-substantially-higher-capital-rules-under-swiss-proposals
Paid articlePaid KEY DATA: GCZ VS. LIE: In the 32nd round of the Credit Suisse Super League there will be a meeting between GC Zurich and FC Lugano ...
gcz.ch/news/artikel/1/eckdaten-gcz-vs-ls-1-1/
1' Kick-off in Yverdon. Hop GC!
_____Credit Suisse Super League, 31st round#ysgcz 0:0*
Live ticker+radio: Show more
Major Swiss bank: reluctant to bite against UBS: The Swiss government doesn't want to scare away the last remaining major bank in the country ...
faz.net/aktuell/finanzen/schweizer-beisshemmung-gegenueber-der-ubs-19646798.html
BBVA Hires Ex-Credit Suisse, HSBC Bankers for Brazilian CIB Unit
bloomberg.com/news/articles/2024-04-08/bbva-hires-ex-credit-suisse-hsbc-bankers-for-brazilian-cib-unit
UBS SuMi to Acquire Credit Suisse’s Wealth Business in Japan: UBS Group AG’s joint venture firm in Japan will acquire Credit Suisse’s wealth management business ...
bloomberg.com/news/articles/2024-04-08/ubs-sumi-to-acquire-credit-suisse-s-wealth-business-in-japan
25 years of the Mitte company: History of the gastro pioneer in the middle of the city
bzbasel.ch/basel/basel-stadt/jubilaeum-unternehmen-mitte-die-geschichte-des-gastro-pioniers-mitten-in-der-stadt-ld.2603656
Paid articlePaid
Credit Suisse takes fight over $1 billion awarded to billionaire to Singapore’s top court
straitstimes.com/business/credit-suisse-takes-fight-over-1-billion-awarded-to-billionaire-to-singapore-s-top-court
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