The nature of Credit Suisse’s takeover has attracted controversy, particularly in regard to the treatment of the AT1 securities which were written down even as shareholders retained some value. Bondholders are challenging the decision, with a Swiss court recently ordering financial regulator Finma to release the decree that allowed for the decision.
Meet the Top Three Candidates to Be Morgan Stanley’s Next CEO Business NewsMeet The Top Three Candidates To Be Morgan Stanley’s Next CEO 20 May 2023, 9:13 PM IST 20 May 2023, 9:13 PM IST 20 May 2023, 9:13 PM IST WhatsApp Twitter Facebook Telegram
Jerome Powell Could Face More Opposition as Fed Choices Get Tougher BloombergJerome Powell Could Face More Opposition As Fed Choices Get Tougher 30 Apr 2023, 6:51 PM IST 30 Apr 2023, 6:51 PM IST 30 Apr 2023, 6:51 PM IST WhatsApp Twitter Facebook Telegram
(Bloomberg) — Sam Bankman-Fried already was facing more than a century behind bars if convicted of all the charges outlined against him when he was arrested in December. The addition of a charge that he bribed Chinese officials once again raises the stakes for the FTX founder as he fights accusations that he orchestrated one … Read more
(Bloomberg) — The Federal Reserve, Bank of England and Swiss National Bank all proceeded with expected interest-rate increases this week, reinforcing their commitments to curb inflation despite turmoil in the banking sector. Policymakers in the US and UK hiked by a quarter point while those in Switzerland opted for a half point. All three signaled … Read more
Bill Gates, co-chairman of the Bill and Melinda Gates Foundation, during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, May 24, 2022. The annual Davos gathering of political leaders, top executives and celebrities runs from May 22 to 26.
(Bloomberg) — About 200 protesters gathered outside Credit Suisse Group AG’s headquarters in Zurich this evening following the bank’s collapse. The demonstrators, chanting “revolution” and “eat the rich,” threw eggs at the building in Paradeplatz, the heart of the city’s financial district. Police officers looked on as the protesters made speeches against the power of … Read more
A sign above a HSBC Holdings Plc bank branch, that is due to close, in Windsor, UK, on Tuesday, Dec. 6, 2022. HSBC Holdings Plc has announced plans to shutter more than 100 of its UK branches next year as the bank pushes more of its customers to use its online services. Photographer: Jason Alden/Bloomberg
“Powell doesn’t really care whether the stock market is up or down,” says Bob Elliott, who co-founded Unlimited Funds in New York after a 13-year career at Bridgewater Associates. This, he says, is crucial for traders to understand. Some will bail out of stocks early in a rally out of misplaced concern that the gains … Read more
(Bloomberg) — Banks are setting up meetings with fixed-income investors over the next week on behalf of Adani Group, Adani Green Energy Ltd and Adani Transmission. The calls are scheduled for Feb. 16 and Feb. 21, according to a person familiar with the matter. Barclays Plc, BNP Paribas SA, DBS Bank Ltd, Deutsche Bank AG, … Read more