By Tom Wilson and Georgina Lee LONDON/HONG KONG (Reuters) -Bitcoin climbed to a nine-month high on Monday as turmoil in the banking sector drives some investors to turn to digital assets, as the crypt[...]
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March 20, 2023
Succession 101: Money lessons from TV’s dysfunctional empire
By Chris Taylor NEW YORK (Reuters) – There are a lot of guilty pleasures out there, but here is one common to plenty of movers and shakers on Wall Street: Watching “Succession.” The fourth seaso[...]
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Exclusive-Credit Suisse says some clients may want to move wealth assets after UBS deal-memo
By Engen Tham and Julie Zhu SHANGHAI/HONG KONG (Reuters) -Credit Suisse told staff its wealth assets are operationally separate from UBS for now, but once they merged clients might want to consider mo[...]
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Japan says banking system stable, downplays risk of contagion
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Japan’s top government spokesperson said on Monday the banking system was stable, seeking to reassure markets the country won’t see a[...]
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Analysis-Big money captivated by banking drama as investors brace for more turmoil
By Svea Herbst-Bayliss and Lawrence Delevingne NEW YORK/BOSTON (Reuters) – Hedge funds managers and other large investors believe it is far too soon to call an all-clear on turmoil in the global[...]
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China keeps lending benchmarks unchanged in March, as expected
SHANGHAI (Reuters) – China kept its benchmark lending rates unchanged for the seventh straight month in March, as expected, with the economy already benefiting from policy actions taken last wee[...]
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China Evergrande to unveil debt restructure details on Wednesday
HONG KONG (Reuters) – Embattled developer China Evergrande Group plans to publish an offshore debt restructuring term sheet on Wednesday, aiming to sign an agreement with creditors by month-end,[...]
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Goldman Sachs prepares claims trading for wiped out Credit Suisse debt – Bloomberg News
(Reuters) – U.S. bank Goldman Sachs Group Inc traders were preparing to take bids on claims against Credit Suisse Group’s riskiest bonds, Bloomberg News reported on Sunday, citing people f[...]
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Rio Tinto has more work to do, cultural heritage audit finds
MELBOURNE (Reuters) – Rio Tinto has more work to do to protect Indigenous cultural heritage at its mines around the world, according to an independent audit of its practices, the world’s b[...]
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