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Dow sinks as much as 400 points as UBS's Credit Suisse rescue deal fails to ease US banking crisis fears

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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.
US stock futures fell Monday after UBS agreed a deal to take over rival bank Credit Suisse.

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Credit Suisse tells staff to keep working and that salary and bonus will be paid 'as previously communicated' after UBS takeover deal: reports

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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 tells employees to continue working.

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It's official: UBS to acquire Credit Suisse in historic rescue deal

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UBS CEO Ralph Hamers of Swiss bank UBS addresses a news conference in Zurich, Switzerland February 20, 2020.
UBS CEO Ralph Hamers

REUTERS/Arnd Wiegmann

Meet UBS CEO Ralph Hamers, a leader behind Credit Suisse negotiations who opts for open-necked shirts and wants to build 'Netflix of wealth'

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CEO Ralph Hamers of Swiss bank UBS addresses the Annual Meeting of Swiss Financial Institute (SFI) in Zurich, Switzerland November 10, 2022.
CEO Ralph Hamers of Swiss bank UBS addresses the Annual Meeting of Swiss Financial Institute (SFI) in Zurich, Switzerland November 10, 2022.

Arnd Wiegmann/Reuters

Switzerland may use emergency measures to expedite a deal with UBS and Credit Suisse, reports say

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Credit Suisse logo
UBS is in talks about a merger with Credit Suisse.

Arnd Wiegmann/Getty Images

The market is on the verge of a Lehman-style event as the financial world thrashes in the wake of global banking turmoil, veteran trader Art Cashin says

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Art Cashin NYSE
Art Cashin.

REUTERS/Brendan McDermid

'This is a warning to the Fed': Wall Street reacts to the collapse of Silicon Valley Bank, the biggest bank failure since 2008

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A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.

Justin Sullivan / Getty Images North America

How to invest in new AI technologies like ChatGPT, DALL-E, and more: Wall Street analysts weigh in

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ChatGPT artificial intelligence investing advice
ChatGPT has surged in popularity over recent months the market turns its attention to the benefits of AI.

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Swiss Bank UBS gave its CEO an 11% pay hike in 2022, but it cut employees' bonus pool by 10%

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UBS CEO Ralph Hamers of Swiss bank UBS addresses a news conference in Zurich, Switzerland February 20, 2020.
UBS CEO Ralph Hamers received a pay hike for 2022.

REUTERS/Arnd Wiegmann

AI is set to boom into a $90 billion industry by 2025 as ChatGPT generates investment frenzy, UBS Wealth Management CIO says

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Artificial intelligence AI

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