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international business
Banking stocks fall sharply again as investors head for safer shores
FILE PHOTO: A worker walks past Deutsche Bank offices in London, Britain, March 16, 2023. REUTERS/Toby Melville
investment ideas
And let there be calm: World market themes for the week ahead
A Specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 23.
world
Credit Suisse, UBS among banks facing U.S.’s Russia-sanctions probe
FILE PHOTO: Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 20, 2023. REUTERS/Denis Balibouse//File Photo
international business
Switzerland hikes rates despite bank turmoil
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european business
Credit Suisse takeover deal ended financial turmoil, Swiss central bank says
The sign and logo of Credit Suisse bank is seen at their headquarters in Zurich on March 20, 2023. - Swiss banking giant UBS agreed to take over Credit Suisse for $3 billion Swiss francs ($3.25 billion) in a government-brokered deal over the weekend following days of market upheaval over the health of the banking sector. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)
report on business
Canadian banks expected to face higher costs to raise funds amid volatility
Logos of the Swiss banks Credit Suisse and UBS are seen on two buildings in Zurich, Switzerland, Saturday, March 18, 2023. (Michael Buholzer/Keystone via AP)
international business
UBS buys back bonds just days after issue in bid to buoy investor confidence
FILE PHOTO: A logo of the Swiss bank UBS is seen on the Paradeplatz in Zurich, Switzerland March 21, 2023. REUTERS/Denis Balibouse/File Photo
international business
U.S. Fed delivers small rate hike amid global banking turmoil
FILE PHOTO: Federal Reserve Chair Jerome Powell testifies on Capitol Hill in Washington, U.S., March 7, 2023. REUTERS/Kevin Lamarque
report on business
Swiss government orders Credit Suisse to halt bonus payouts to staffers
Five to twelve "fuenf vor zwoelf" is written on a clock next to a logo of the Swiss bank Credit Suisse, in Zurich, Switzerland, Monday, March 20, 2023. Shares of Credit Suisse plunged 60.5% on Monday after banking giant UBS said it would buy its troubled Swiss rival for almost $3.25 billion in a deal orchestrated by regulators to try to stave off further turmoil in the global banking system. (Ennio Leanza/Keystone via AP)
international business
UBS mulls financial sweeteners to keep Credit Suisse wealth bankers after takeover, source says
The three keys USB logo is seen outside the London office of Swiss bank UBS in central London, on March 20, 2023. - Global bank shares took another beating on Monday despite a UBS takeover of embattled Swiss rival Credit Suisse and actions by financial authorities aimed at calming investors fearing a broader crisis. UBS agreed to take over Credit Suisse for $3 billion Swiss francs ($3.25 billion) in a government-brokered deal over the weekend following days of market upheaval over the health of the banking sector. (Photo by Daniel LEAL / AFP) (Photo by DANIEL LEAL/AFP via Getty Images)
economy
World central banks urge calm, prepare for more market turmoil in wake of Credit Suisse rescue
A man watches a market board at the headquarters of Swiss giant banking UBS in Zurich on March 20, 2023. - UBS share price plunged on March 20, 2023 as a deal to take over its troubled Swiss rival Credit Suisse for $3.25 billion failed to calm stock market nerves. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)
international business
Stunned Credit Suisse staff fear uncertain future despite UBS rescue deal
A person walks past the Credit Suisse office in Canary Wharf in London, Britain, March 20, 2023. REUTERS/Hannah McKay
world
Swiss bank UBS takes over ailing Credit Suisse
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international business
Credit Suisse rescue eases crisis fears, First Republic shares dive
FILE PHOTO: The logo of Credit Suisse is pictured in front of the Swiss Parliament Building, in Bern, Switzerland, March 19, 2023. REUTERS/Denis Balibouse//File Photo
investment ideas
Big money captivated by banking drama as investors brace for more turmoil
The New York Stock Exchange is seen in New York, Thursday, Feb. 24.
world
UBS buys crisis-stricken Credit Suisse with a rushed, $3.25-billion takeover deal
Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 19, 2023. REUTERS/Moritz Hager
report on business
UBS seeks $6-billion in government guarantees for Credit Suisse takeover
Logos of the Swiss banks Credit Suisse and UBS are seen on two buildings in Zurich, Switzerland, Saturday, March 18, 2023. (Michael Buholzer/Keystone via AP)
investment ideas
AI stocks rally in latest Wall Street craze sparked by ChatGPT
Text from the ChatGPT page of the OpenAI website is shown in this photo, in New York, Feb. 2, 2023.
report on business
ChatGPT sets record for fastest-growing user base, analyst note says
The logo for OpenAI, the maker of ChatGPT, appears on a mobile phone, in New York, Tuesday, Jan. 31, 2023. OpenAI is launching a new tool in an effort to curb its reputation as a freewheeling cheating machine with a new tool Tuesday that can help teachers detect if a student or artificial intelligence wrote that homework. (AP Photo/Richard Drew)
world
UBS has no desire to buy Credit Suisse, chairman tells newspaper
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch office in Zurich, Switzerland, November 3, 2021. Picture taken November 3, 2021. REUTERS/Arnd WIegmann/File Photo
investment ideas
Microsoft shares lag Big Tech peers as growth worries prompt UBS downgrade
A Microsoft logo is seen on an office building in New York City. on July 28, 2015.
international business
Hedge funds set to mark worst returns in 14 years
international business
Bed Bath & Beyond says turnaround gaining traction as it posts second-quarter loss
FILE PHOTO: A customer walks into a Bed Bath & Beyond store in Novi, Michigan, U.S., January 29, 2021. REUTERS/Emily Elconin/File Photo
international business
UBS to boost dividend, sees buybacks above 2022 target
FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland, January 27, 2017. REUTERS/Arnd Wiegmann/File Photo
international business
World’s richest families invest more in private equity amid volatile markets, UBS report shows
FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland, June 22, 2020. REUTERS/Arnd Wiegmann/File Photo
international business
Russians have up to $213-billion stashed offshore in Swiss banks
A Swiss flag is pictured in front of the Commercial and Financial District in Geneva, Switzerland, November 23, 2017. REUTERS/Denis Balibouse/Files
european business
UBS looking to cut its financing of fossil fuel emissions by more than two-thirds by 2030
FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland June 22, 2020. REUTERS/Arnd Wiegmann/File Photo
european business
Swiss bank UBS reports its best annual profit since 2006, sets loftier goals
FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland, June 22, 2020. REUTERS/Arnd Wiegmann
european business
French court slashes UBS’s tax evasion fine to €1.8-billion
FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland, June 22, 2020. REUTERS/Arnd Wiegmann
inside the market
Credit Suisse might be the contrarian stock pick you’re looking for
Philip MacKellar
european business
Credit Suisse to rein in its investment bankers after torrid year
The logo of Swiss bank Credit Suisse is seen at a branch office in Zurich, Switzerland, November 3, 2021. Picture taken November 3, 2021. REUTERS/Arnd WIegmann
international business
UBS posts its highest quarterly profit since 2015, boosted by surge in fee income
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann
international business
China’s wealth plans, stuttering economic recovery threaten to derail Europe’s booming luxury sector
A man walks past a Burberry store in Beijing, on March 26.
international business
UBS posts 63% rise in second-quarter profit amid wealth management boom
The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland June 22, 2020. REUTERS/Arnd Wiegmann/File Photo
analysis
A humbling week for bond bears
Stocks may be soaring now, but it's important investors not to get complacent. It's best to start preparing in advance of a bear market by revising your process and strategy.
international business
Toshiba’s European business hit by cyberattack
FILE PHOTO: The logo of Toshiba in Chiba, Japan, March 30, 2017. REUTERS/Toru Hanai/File Photo