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US stocks slide as traders deal with fresh banking woes and digest outlook for rates

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US stock market traders
Stock market traders on the floor of the New York Stock Exchange.

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Nobel economist Paul Krugman sounds the recession alarm as banking fears mount - but shrugs off 'apocalyptic warnings' and fears of another financial crisis

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Paul Krugman Joe Scarborough debate
Paul Krugman.

AP

UBS's takeover of Credit Suisse has investors divided over the Fed's next move. Here's what the $3 billion deal could mean for US interest rates.

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The logo of Swiss banking giant Credit Suisse is seen on October 17, 2017 in Zurich.

Fabrice Coffrini/AFP/Getty Images)

Credit Suisse's rescue had a sting in its tail for the banking crisis. Here's what you need to know about AT1 bonds.

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Credit Suisse logo
The Swiss regulator wrote the value of Credit Suisse's AT1 bonds down to zero as part of UBS's takeover deal Sunday.

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Recruiters worldwide are inundated with calls from anxious Credit Suisse bankers seeking new jobs amid the UBS takeover, report says

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People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. After its largest shareholder said it could not provide further support, Credit Suisse shares fell by as much as 30% on Wednesday as global concerns over the stability of major banks continued to spread.
Credit Suisse staff are reportedly flooding recruiters with calls about new jobs.

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Everything you need to know about UBS's historic $3 billion deal to rescue rival bank Credit Suisse

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Good morning, readers. Markets reporter George Glover here, writing to you from London while my colleague Phil Rosen is off on a well-deserved vacation.

You've probably already clocked that the biggest story in markets right now is happening on this side of the Atlantic, with investors still mulling over UBS's $3 billion rescue of its old foe Credit Suisse.

Today, I'm unpacking the biggest winners and losers from the takeover.

A retro red, blue, and white Credit Suisse ski cap is attracting ferocious bids online — and prices are now up to $200

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The logo of Swiss banking Credit Suisse is covered with tape, reading in German:
A retro red, blue, and white Credit Suisse ski cap is attracting ferocious bids online — and prices are now up to $200.

Fabrice Coffrini/AFP/Getty Images

US stocks jump as traders hope worst of banking crisis has passed

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Stock traders on the exchange trading floor.
Stock traders

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First Republic shares crater 50% as banks discuss fresh capital raise after $30 billion rescue

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A pedestrian walks by the First Republic Bank headquarters on March 13, 2023 in San Francisco, California.
A pedestrian walks by the First Republic Bank headquarters on March 13, 2023 in San Francisco, California.

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'Nobody has a clue what happens next': Industry insiders react to Credit Suisse's rescue takeover by UBS

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credit suisse
Credit Suisse was bought by UBS over the weekend in a deal pushed by Swiss regulators.

Fabrice Coffrini/AFP/Getty Images)

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