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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
A Credit Crunch Is the Last Thing the Strained US Economy Needs
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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
A Credit Crunch Is the Last Thing the Strained US Economy Needs
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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
Five Things You Need to Know to Start Your Day
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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
Fed’s Kashkari Says Bank Strains Bring Risk of Recession Closer
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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/
Minneapolis Fed president said recent banking turmoil brings recession ...
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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
Banking stress puts US and Europe on watch for credit crunch
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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
Fed's Kashkari says stress in banking sector brings the U.S ...
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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
Some losses still need to work through the banking sector ...
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New US rule would ban employers from using ‘noncompete’ agreements: FTC votes to ban measures which bar workers from jumping to or starting competing companies ...
theguardian.com/business/2024/apr/23/noncompete-agreements-ban-ftc
New US rule would ban employers from using ‘noncompete’ agreements
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.
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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
Switzerland braced for wave of bank staff layoffs
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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
Appaloosa Sues Credit Suisse Over $17 Billion AT1 Bond Wipeout
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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
Credit Suisse: Rohner and other managers can keep their bonuses
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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
Elevated inflation will likely delay interest rate cuts this year ...
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.
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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/
Inflation remains hotter than expected, muddying path for Fed rate cuts
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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
Credit Suisse: Now there are layoffs - in 5 waves
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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
Minneapolis Fed president on inflation uptick and when to cut interest ...
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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/
Fed policymakers agree: there's no urgency to cut rates
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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
UBS and Credit Suisse: merger of branches in Basel
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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 Faces Capital Hit as High as $25 Billion, Minister Says
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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
After the referendum: The poisoned Swiss pension gift
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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
Too big to fail: The Federal Council presents 22 measures
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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
Takeover of Credit Suisse by UBS: These 14 bank branches are closing in ...
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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
UBS to face tougher rules in Swiss response to Credit Suisse rescue
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Morning Bid: Middle East tensions spook markets: A look at the day ahead in European and global markets from Rae Wee
reuters.com/markets/europe/global-markets-view-europe-2024-04-05/
Morning Bid: Middle East tensions spook markets
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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/
2025 BMW M4 CS Launching in Riviera Blue and Frozen Isle of Man Green
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'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
'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to ...
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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
How to tame UBS without making the bank toothless
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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
Major Swiss banks: “The Credit Suisse case must not be repeated”
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UBS CEO says integrating Credit Suisse will become a 'case study' for future big bank mergers
cnbc.com/2024/04/05/ubs-ceo-says-credit-suisse-will-be-a-case-study-for-big-bank-mergers.html
UBS CEO says integrating Credit Suisse will become a 'case study' for ...
Profile picture of Quartz
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
Mortgage rates are rising again as inflation fears mount
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Fed Governor Bowman says additional rate hike could be needed if inflation stays high
cnbc.com/2024/04/05/fed-governor-bowman-says-additional-rate-hike-could-be-needed-if-inflation-stays-high.html
Fed Governor Bowman says additional rate hike could be needed if inflation ...
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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/
BMW M3 CS Laps Nürburgring In 7:27: Onboard Video
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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
UBS’s Fears in Switzerland Are Realized
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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
Dissent at the Fed could be on its way back
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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
Credit Suisse Takes Case Against Bidzina Ivanishvili to Singapore Top ...
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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
Deutsche Bank: The unknown consequences of the Postbank debacle
Profile picture of Quartz
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
Mortgage rates are rising again as inflation fears mount
Profile picture of Bloomberg
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
Morgan Stanley Hires Huang for China Asset Management
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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
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
Jefferies wants $4M break-up fee from banker who backed out of joining
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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
Bonds Are a Minefield. Where to Find 5% to 8% Yields Now.
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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
MPs want Nakhumicha sacked over Linda Mama programme
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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/
Huh, aren't everyone in Zug rich?
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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
UBS Faces Substantially Higher Capital Rules Under Swiss Reforms
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Profile picture of Bloomberg
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
UBS SuMi to Acquire Credit Suisse’s Wealth Business in Japan
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St.Gallen: What will happen to the CS branch near Broderbrunnen?: The house at St.Leonhard-Strasse 3 near Broderbrunnen becomes available. The reason: The branch ...
tagblatt.ch/ostschweiz/stgallen/staedtebau-nach-der-schliessung-der-credit-suisse-filiale-beim-broderbrunnen-in-stgallen-ein-markantes-und-wichtiges-gebaeude-in-der-innenstadt-bekommt-eine-neue-funktion-ld.2601356
St.Gallen: What will happen to the CS branch near Broderbrunnen?
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Stock Markets Today: Oil rallies, yen rises, Samsung profit rebounds: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-04-05/stock-markets-today-oil-rallies-yen-rises-samsung-profit-rebounds
Stock Markets Today: Oil rallies, yen rises, Samsung profit rebounds
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Was Credit Suisse Switzerland really as good as it was always claimed to be? A search for clues - Zofinger Tagblatt
zofingertagblatt.ch/grossbanken-war-die-credit-suisse-schweiz-wirklich-so-gut-wie-immer-behauptet-wurde-eine-spurensuche/
Was Credit Suisse Switzerland really as good as it was always claimed to ...
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Equities struggle, oil extends gains on Middle East worries | kuwaittimes: Equities struggle, oil extends gains on Middle East worries - Business - HONG KONG: ...
kuwaittimes.com/article/12879/business/equities-struggle-oil-extends-gains-on-middle-east-worries/
Equities struggle, oil extends gains on Middle East worries | kuwaittimes