Swiss Regulators to Provide Liquidity to Credit Suisse
Markets Finance Intensification of Swiss lender’s difficulties comes days after two major bank failures in the U.S.
Markets Finance Intensification of Swiss lender’s difficulties comes days after two major bank failures in the U.S.
Lord Chris Holmes is a former solicitor and Conservative life peer currently scrutinising the government’s Financial Services and Markets Bill In the UK we have a fine tradition of financial services regulation and good financial services regulators. Just one example of an initiative so successful it was replicated in more than 50 jurisdictions around the … Read more
Fisker Shares Jump 27% as Ocean EV Deliveries Set for Spring Launch
Shares in Raiffeisen Bank International AG dropped in early trade Monday after it disclosed that it had received a request for information from the Office of Foreign Assets Control, the U.S. Treasury Department unit that enforces sanctions, last month. At 0819 GMT, shares in the Austrian bank RBI, -7.96% were down 6.9% at 15.32 euros … Read more
The Biden administration’s new stock buyback tax will have little impact on the overall stock market. It might even actually help it. I’m referring to the new 1% excise tax on share repurchases that went into effect on Jan. 1. This tax has set off alarm bells in some corners of Wall Street, on the … Read more
The Federal Reserve’s efforts to tame runaway inflation appear to be working, but there is still a long way to go. Investors rejoiced on Tuesday, sending stocks higher after the release of a fifth-straight monthly consumer-inflation reading that showed diminishing price gains. Expect Fed Chairman Jerome Powell to temper the market’s enthusiasm, however, when he … Read more
The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a range of 4.25% to 4.50%, as expected at its meeting that ends Wednesday. With the relatively benign report on the consumer … Read more
Kroger is the top U.S. supermarket operator by sales. Photo: elijah nouvelage/Agence France-Presse/Getty Images Updated Dec. 10, 2022 3:16 pm ET A Washington state judge on Friday extended a temporary restraining order blocking a $4 billion dividend that Albertsons ACI -0.88% Cos. planned to pay its shareholders amid its plans to be bought by Kroger … Read more
Exxon Mobil Corp. is pushing back against reductions of U.S. fuel exports urged by the Biden administration in August, arguing that restricting shipments would further squeeze global supplies and lift pump prices at home. Exxon told the Energy Department this week that the oil industry shouldn’t slow fuel shipments in favor of putting more in … Read more
LONDON — The British pound fell to all-time low against the U.S. dollar early Monday after Treasury chief Kwasi Kwarteng pledged a sweeping package of tax cuts, fueling concerns about the government’s economic policy as the United Kingdom teeters toward recession. The pound fell as low as $1.0373, its lowest level since the decimalization of … Read more