Newsbreak 4 days ago in Around The World, Banking, Credit Suisse, Finance, News, UBS, Weekend BI UK News 0 Category: UBS
It’s official: UBS to acquire Credit Suisse in historic rescue deal
Newsbreak 4 days ago in Around The World, Banking, Credit Suisse, Finance, News, UBS, Weekend BI UK News 0 UBS is said to be offering up to $1 billion for Credit Suisse. Getty Images UBS will take over Credit Suisse, the Swiss National Bank said Sunday. UBS had been in talks this weekend about buying some or all of its troubled Swiss rival. Swiss regulators are planning emergency changes to regulations so it can avoid a shareholder vote on the deal. UBS will take…
Switzerland may use emergency measures to expedite a deal with UBS and Credit Suisse, reports say
Newsbreak 4 days ago in Around The World, bank, Bank Merger, Credit Suisse, Finance, Interest Rates, News, SVB, UBS, Weekend BI UK News 0 UBS is in talks about a merger with Credit Suisse. Arnd Wiegmann/Getty Images UBS is in talks to acquire part or all of Credit Suisse, the Financial Times reported. The talks come after a harrowing week for Credit Suisse, whose shares sank to a record low. The likely merger of Switzerland’s two largest banks comes a week after SVB collapsed. Two of Switzerland’s largest banks…
‘This is a warning to the Fed’: Wall Street reacts to the collapse of Silicon Valley Bank, the biggest bank...
NYSE Regulators shut down Silicon Valley Bank on Friday, putting it into FDIC receivership. Early Friday, trading was halted for the stock after it plunged 87% in two days. Wall Street strategists and executives shared their reaction to the first bank collapse since 2008. Silicon Valley Bank’s collapse has sparked panic as the financial industry sees the biggest bank failure since 2008. Regulators in California…
The S&P 500 could plunge another 16% and won’t bottom until the Fed starts to cut interest charges, UBS says
Stocks won’t bottom until the Federal Reserve starts slicing interest charges, in accordance to UBS. Mario Tama/Getty Images The S&P 500 will fall to 3,200 factors earlier than it hits a low in Q2 subsequent 12 months, UBS has forecast. US shares won’t recuperate until the Federal Reserve starts slicing interest charges, the financial institution mentioned. “The speed of that pivot will drive every asset…
The Fed’s softer tone on a rate-hike pause or pivot will keep the rally in US stocks going, UBS says
Fed policymakers’ softer tone will help the stock market’s recent rally to continue, according to UBS. Reuters The Federal Reserve’s softer tone could keep the rally in US stocks going, UBS’ investment chief said. Top Fed policymakers have signaled that they discussed pausing interest-rate hikes last week. The S&P 500 logged a 4.7% rise last week, its best weekly performance since June. A softening in…