Swiss prosecutors have opened an investigation into the takeover of Credit Suisse by UBS, report says

Tech Insider
credit suisse ubs merger logos
UBS merged with Credit Suisse in a deal brokered by regulators in March.

NurPhoto

Panic over the rise of AI is hitting a fever pitch

Tech Insider

Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Today's Sunday edition, a roundup of some of our top stories. 

Private bankruptcy filings are blowing past their COVID-era peaks as credit stress builds for small businesses

Tech Insider : Economy
A man walks in front of a United States Bankruptcy Court sign in New York City.
A man walks in front of a United States Bankruptcy Court sign in New York City.

Steven Puetzer/Photographer's Choice RF via Getty Images

Police arrested senior citizens who blockaded banks in a 'Rocking Chair Rebellion' to end fossil fuel use

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crowd with protest signs gathers around street painted yellow and red letters reading revolution of the heart protect future generations
A climate protest aimed at older Americans gathered in front of Wells Fargo headquarters in San Francisco, California.

Morgan McFall-Johnsen

Key US bond yields drop to their lowest in 6 months as global banking worries boost bets the Fed is heading toward a rate cut

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Fed Powell
Federal Reserve Chairman Jerome Powell.

Patrick Semansky/AP Photo

A couple is accusing JPMorgan of drilling open their safe deposit boxes and selling $10 million of their jewelry after they failed to pay rent for the boxes

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Woman Keeping her jewelry in a bank safe box - stock photo
A couple is accusing JPMorgan of drilling open their safe deposit boxes and selling $10 million of their jewelry after they failed to pay rent for the boxes.

Juanmonino/Getty Images

The current banking crisis is a 'worldwide phenomenon' that started long before SVB failed, Harvard professor and former IMF economist says

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SVB bank
SVB Financial's share price collapse is weighing on top bank stocks including JPMorgan and Bank of America.

Dado Ruvic/Reuters

The banking crisis risks severe spillover across the financial sector and beyond, Moody's says

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Silicon Valley Bank, Fed Chair Jerome Powell
Silicon Valley Bank, Fed Chair Jerome Powell

John Brecher for The Washington Post via Getty Image, Anna Moneymaker/Getty Images

Former Goldman Sachs CEO Lloyd Blankfein says the latest crisis not like 2008 as the banking system is in much better shape

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Lloyd Blankfein
Former Goldman Sachs CEO, Lloyd Blankfein

Brendan McDermid/Reuters

The Fed 'can hit the pause button' on interest rates as it's done enough to fight inflation, JPMorgan Asset Management's fixed-income chief says

Tech Insider : Economy
Wall Street

Henny Ray Abrams/AP

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