Credit Suisse logged asset outflows of more than $68 billion during first-quarter collapse
Credit Suisse on Monday revealed that it suffered net asset outflows of 61.2 billion Swiss francs ($68.6 billion) during the…
Banking turmoil was not a crisis but ‘the downside risks are real,’ IIF boss warns
The banking sector turmoil that led to the collapse of several lenders was not a systemic crisis and has now…
Banks in ‘more precarious situation’ creating risks for global growth, IMF chief economist warns
Interest rate rises have increased banks’ vulnerabilities — and their response presents a significant risk to global growth, the International…
March’s banking chaos gave short sellers their biggest profits since the financial crisis
Short sellers were sitting on more than $7 billion in profit from the mass sell-off of bank shares by the…
Switzerland faced a full-scale bank run if Credit Suisse went bankrupt, Swiss regulator argues
Allowing the bankruptcy of troubled lender Credit Suisse would have crippled Switzerland’s economy and financial center and likely resulted in…
‘Historic day’: UBS sets out plans in first shareholder meeting since Credit Suisse takeover
UBS sought to reassure investors at its annual general meeting on Wednesday against a fraught political backdrop following its takeover…
‘I am truly sorry’: Credit Suisse chair pleads with angry shareholders at annual meeting
Credit Suisse Chairman Axel Lehmann on Tuesday told shareholders he was “truly sorry” for the collapse that led to the…
Stocks making the biggest moves midday: Bed Bath & Beyond, EVgo, UBS and more
Check out the companies making headlines in midday trading. Bed Bath & Beyond – Shares of the home goods retailer…
Stocks making the biggest moves premarket: Lululemon, Paychex, Micron Technology and more
Check out the companies making headlines before the bell. Lululemon – Lululemon shares surged more than 16% before the Wednesday…
Bitcoin climbs above $28,000 as investors shrug off regulatory crackdowns
Bitcoin climbed sharply Wednesday as investors shrugged off initial fears surrounding U.S. regulators’ crackdowns on industry giants and became willing…
