Moody’s downgrades outlook for UBS following Credit Suisse acquisition
Moody’s, the credit rating agency, recently made an announcement on Tuesday confirming the credit ratings of UBS Group...
Markets
Markets
Credit Suisse’s 9000 Job Cuts Only the Tip of the Iceberg, Says UBS Chairman
Prior to its government-brokered takeover, Credit Suisse Group AG had already been in the process of cutting 9,000...
Signature Bank Goes Bankrupt: New York Community Bank Steps In with $2.7 Billion Acquisition
New York Community Bank has announced a $2.7 billion deal to acquire a significant portion of Signature Bank,...
Central Banks Step in to Reassure Markets Following UBS and Credit Suisse Deal
Over the weekend, several major central banks united to prevent a banking crisis from spreading, while Swiss authorities...
Banking Coalition Urges Federal Regulators to Provide Stability for Midsize Banks
The Mid-Size Bank Coalition of America (MBCA) has requested that the United States Federal Deposit Insurance Corporation (FDIC)...
First Citizens BancShares Inc Considers Acquisition of Silicon Valley Bank
According to Bloomberg News, First Citizens BancShares Inc is reportedly evaluating the possibility of acquiring Silicon Valley Bank,...
Warren Buffett lends his expertise to the Biden administration during the banking crisis
Warren Buffett, the billionaire investor known as the Oracle of Omaha, has reportedly been in contact with officials...
Crisis-Hit SVB CEO Criticized for Fleeing to $3.1 Million Maui Townhouse
Silicon Valley Bank’s CEO, Greg Becker, has come under scrutiny for his actions leading up to the bank’s...
Credit Suisse’s rescue package prompts speculation on ECB rate hike decision
The European markets showed a recovery on Thursday following an injection of a 50 billion Swiss franc ($53.94...
Apple Implements New Cost-Cutting Measures, Delays Bonuses for Corporate Employees
Apple Inc. has delayed bonuses for certain corporate divisions and expanded its cost-cutting efforts to streamline operations during...