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Crashing markets thinned the ranks of America's millionaires last year as global wealth shrank for the first time since 2008

Tue, 08/15/2023 - 14:54

Private yachts docked in front of the yacht club. — Private yachts docked in front of a yacht club.
Marielle Descalsota/Insider

Markets, MI Exclusive, Wealthy, Millionaires, ubs, Credit Suisse, Wall Street

Stanley Druckenmiller, Mike Wilson and David Rosenberg warn of an oncoming recession. Here are the latest economic outlooks from some of Wall Street's biggest names.

Sun, 05/14/2023 - 06:05

A photo of a man in silhouette looking at a line chart pointing downward. — A photo of a man in silhouette looking at a line chart pointing downward.
Bartolome Ozonas/Getty

Markets, MI Exclusive, Stocks, Recession, economic outlook, US economic outlook, Morgan Stanley

When Jamie Dimon speaks, Wall Street listens - and he just warned of catastrophe

Fri, 05/12/2023 - 06:10

Tech Insider : Politics

Good morning to everyone except the fast-approaching debt ceiling. Phil Rosen here.

Markets, Newsletter, 10 things, 10 things opening bell, Jamie Dimon, Wall Street, debt default

Credit Suisse faced a staggering $69 billion of outflows in the first quarter, an amount that eclipses UBS's market cap

Mon, 04/24/2023 - 06:25

credit suisse ubs merger logos — Credit Suisse and UBS.
NurPhoto

Markets, MI Exclusive, Credit Suisse, ubs, Saudi National Bank, Banking Crisis, banking crisis 2023

Americans are already feeling the effects of a credit crunch

Mon, 04/10/2023 - 14:46

A bank teller using a cash counting machine counting dollar bills in a bank branch. — A bank teller using a cash counting machine counting dollar bills in a bank branch.
Hero Images Inc. via Getty Images

Markets, MI Exclusive, Credit Crunch, Recession, Credit, SVB, Silicon Valley Bank

'I didn't bring my gun, don't worry': The wildest quotes from angry investors at Credit Suisse's last-ever shareholder meeting

Wed, 04/05/2023 - 11:57

Credit Suisse Axel Lehmann — Some shareholders at Credit Suisse's last annual general meeting had angry words to say about the board.
Pierre Albouy/Reuters

finance, News, Markets, Tech Insider, Credit Suisse, shareholders, ubs

Credit Suisse's chairman says he's 'truly sorry' as angry investors crash the rescued bank's final shareholder meeting

Tue, 04/04/2023 - 07:31

Credit Suisse Axel Lehmann — Credit Suisse chairman Axel Lehmann told shareholders he was 'truly sorry' at the failed bank's final AGM.
Pierre Albouy/Reuters

Markets, MI Exclusive, Stocks, Banking Crisis, Credit Suisse, ubs, Stock Market Analysis

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

Sun, 04/02/2023 - 11:15

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

finance, News, Weekend BI UK News, ubs, Credit Suisse, Credit Suisse stock, Credit Suisse CEO

4 banks have collapsed in less than a month. Here's what Jerome Powell, Nouriel Roubini, Elon Musk and others are saying about the turmoil.

Sat, 03/25/2023 - 08:00

elon musk jerome powell split screen wide — Erika Ramirez/Insider

Markets, MI Exclusive, Federal Reserve, bank crisis, Signature Bank, First Republic, Silicon Valley Bank

Bond giants Pimco and Invesco are facing losses of hundreds of millions on rotten Credit Suisse debt

Sat, 03/25/2023 - 06:00

Credit Suisse — Some of the world's biggest bond investors have suffered massive losses after Credit Suisse imploded.
NurPhoto/Getty Images

Markets, MI Exclusive, Bonds, PIMCO, Invesco, BlackRock, Credit Suisse

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