By Stefania Spezzati, Oliver Hirt and John O’Donnell (Reuters) -Some of the world’s largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authoriti[...]
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March 19, 2023
Biden administration holds second round of IPEF talks in Bali
WASHINGTON (Reuters) – The Biden administration said on Sunday that it has held a second round of negotiations for its signature Asia engagement project on topics including labor, environment, d[...]
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Credit Suisse says $17 billion of its debt now worthless, angering bondholders
By Pablo Mayo Cerqueiro, Chiara Elisei and Davide Barbuscia LONDON/NEW YORK (Reuters) – Credit Suisse said 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will be written[...]
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U.S. bank deposit outflows, unrelated to Credit Suisse, have stabilized -U.S. official
WASHINGTON (Reuters) – U.S. bank deposits have stabilized, with outflows slowing or stopping and in some cases reversing, a U.S. official said on Sunday, adding the problems of Credit Suisse are[...]
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S&P cuts First Republic deeper into junk, says $30 billion infusion may not solve problems
By Jonathan Stempel and Anirudh Saligrama (Reuters) -First Republic Bank saw its credit ratings downgraded deeper into junk status by S&P Global, which said the lender’s recent $30 billion d[...]
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UBS’s Credit Suisse deal was the best solution says Swiss gov’t
(Reuters) – Swiss Finance Minister Karin Keller-Sutter was determined to present the deal for UBS to buy Credit Suisse as no bailout but the best possible solution to a difficult situation. Kell[...]
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Marketmind: UBS-Credit Suisse deal sealed. Is it enough?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Buckle up. Asian markets are set for a volatile open on Monday after Swiss authorities said UBS is tak[...]
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Fed, other central banks set joint liquidity operation
(Reuters) – The U.S. Federal Reserve on Sunday said it had joined with the Bank of Canada, Bank of England, Bank of Japan, European Central Bank and Swiss National Bank in a coordinated action t[...]
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Bitcoin rises 5.19% to $28,380
(Reuters) – Bitcoin rose 5.19% to $28,380 at 20:01 GMT on Sunday, adding $1,400 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 72% from the year[...]
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