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

Tue, 03/21/2023 - 07:11

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.
Spencer Platt/Getty Images

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JPMorgan Chase thought it had $1.3 million worth of nickel stored in a warehouse. A closer examination revealed bags of stones.

Mon, 03/20/2023 - 17:51

A warehouse filled with bags of different colored stones — Turns out that JPMorgan's bags of nickel are actually bags of stones.
Roman Mykhalchuk/Getty Images

finance, JP Morgan, Nickel, stones, metals, Banks

S&P downgrades First Republic further into junk status as the bank's $30 billion rescue may not be enough to solve liquidity problems

Mon, 03/20/2023 - 13:23

nyse svb first republic trading floor — Timothy A. Clary/AFP via Getty Images

Markets, MI Exclusive, first republic bank, S&P Global Ratings, Bank stocks, Banks, PacWest

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

Mon, 03/20/2023 - 12:51

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.
Justin Sullivan/Getty Images

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

Mon, 03/20/2023 - 12:30

credit suisse — Credit Suisse was bought by UBS over the weekend in a deal pushed by Swiss regulators.
Fabrice Coffrini/AFP/Getty Images)

finance, News, Credit Suisse, ubs, Banks, Banking, Acquisition

The US could ease stress on the banking system by fully insuring deposits of regional banks like those at failed SVB, Mohamed El-Erian says

Mon, 03/20/2023 - 10:52

Mohamed el-erian — Photo by Rob Kim/Getty Images

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Credit Suisse shares tumble 55% as its UBS rescue deal fails to calm bank-crisis jitters

Mon, 03/20/2023 - 09:07

Credit Suisse in Geneva.

Fabrice Coffrini/AFP/Getty Images

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UBS acquiring Credit Suisse is 'no bailout' says Swiss finance minister — but top economist Mohamed El-Erian disagrees

Mon, 03/20/2023 - 05:36

UBS acquiring Credit Suisse is 'no bailout' says Swiss finance minister — but top economist Mohamed El-Erian disagrees

Arnd Wiegmann/Getty Images

News, Markets, Banks, Credit Suisse, ubs, Mergers and Acqusitions, Switzerland

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

Mon, 03/20/2023 - 03:24

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.
Spencer Platt/Getty Images

News, Markets, Banks, finance, Credit Suisse, ubs, Switzerland

UBS is officially buying Credit Suisse in a historic rescue deal. This is how we got here.

Sun, 03/19/2023 - 15:55

Swiss Switzerland Fan Flag Soccer — Credit Suisse's stock is plunging as investors fear a banking crisis.
AP Photo/Schalk van Zuydam

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