By David Shepardson WASHINGTON (Reuters) -Shawn Fain on Saturday won the race for United Auto Workers president, narrowly defeating incumbent head Ray Curry in a shakeup for the Detroit-based labor un[...]
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March 25, 2023
Credit Suisse accessed billions in liquidity last weekend – finance minister
ZURICH (Reuters) – Credit Suisse tapped the Swiss National Bank for “a large multi-billion amount” last weekend to secure its liquidity, the country’s finance minister Karin Ke[...]
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Italy to hand Monte dei Paschi CEO Lovaglio new mandate
By Valentina Za and Giuseppe Fonte MILAN (Reuters) – Italy’s Treasury said it would confirm Luigi Lovaglio as chief executive of Monte dei Paschi di Siena, keeping the veteran banker in ch[...]
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Factbox: The biggest financial crises of the last four decades
(Reuters) – Markets have experienced massive upheaval in the last month, prompted in part by two of the three largest banking failures in U.S. history while Swiss lender Credit Suisse was bought[...]
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Analysis: Wall Street push for bank rescues clashes with Washington realities
By Pete Schroeder and Saeed Azhar WASHINGTON/NEW YORK (Reuters) – The banking crisis set off by the swift collapse of Silicon Valley Bank has exposed a sharp disconnect between Washington and Wa[...]
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Germany reaches deal with EU on future use of combustion engines
By Tom Sims and Kate Abnett FRANKFURT/BRUSSELS (Reuters) -The European Union and Germany have reached a deal on the future use of combustion engines, officials said on Saturday, an issue that has been[...]
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UBS’s Dargan and Credit Suisse’s McDonagh to lead merger: newspaper
ZURICH (Reuters) – The integration team tasked with merging Switzerland’s two largest banks is to be headed by UBS’s chief technology officer and Credit Suisse’s chief operatin[...]
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Britain’s John Lewis has lost its soul, says Mary Portas
LONDON (Reuters) – British retail consultant and television personality Mary Portas has written an open letter to the John Lewis Partnership accusing the group of losing its soul for considering[...]
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Moody’s downgrades Poland’s mBank, confirms Bank Millennium
WARSAW (Reuters) – Moody’s has downgraded the long-term deposit ratings of mBank and changed the outlook to negative from “under review” citing risks stemming from the legacy o[...]
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