‘Shotgun wedding’: What the UBS rescue of Credit Suisse means for global markets
Despite bold proclamations about a return to stability, the sale of Credit Suisse to UBS does not appear to have laid to rest contagion concerns.
Earthquake in Ecuador and Peru kills at least 14, causes widespread damage
A strong earthquake shook southern Ecuador and northern Peru on Saturday, killing at least 14 people, trapping others under rubble, and sending rescue teams out into streets littered with debris …
BlackRock denies report that it’s preparing a takeover bid for Credit Suisse
“BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so,” a company spokesperson told CNBC.
Fail or sale? What could be next for stricken Credit Suisse
JPMorgan’s Kian Abouhossein described a Credit Suisse takeover by UBS as “the more likely scenario.”
New genetic analysis finds clues to animal origin of COVID outbreak
The World Health Organization called Friday for Chinese health authorities to release genetic sequences of SARS-CoV-2 that recently disappeared from an international database, after an analysis of the data found …
“Fourth Mafia” emerges as most violent in Italy: “You always feel the fear”
Mafia boss arrested in Italy It took a loaded pistol pointed at Lazzaro D’Auria’s head for the Italian landowner to finally say yes to the country’s newest and most violent …
Credit Suisse sheds another 10% as traders digest emergency liquidity
Credit Suisse shares fell 10% Friday morning after soaring over the previous session.
Credit Suisse shares soar over 20% on Swiss National Bank loan announcement
Credit Suisse shares rose over 30% at the market open after the bank said that it will borrow up to $54 billion from the Swiss National Bank.
Credit Suisse to borrow nearly $54 billion in bid to calm fears
Credit Suisse shares plunge amid bank sector fears Credit Suisse’s shares soared as much 30% on Thursday after it announced it will move to shore up its finances by borrowing …
Credit Suisse shares slide 24% after Saudi backer rules out further assistance
Shares of embattled bank Credit Suisse hit another all-time low for a second consecutive day as the bank’s biggest backer says it can’t provide more financial help.